Walt Disney (NYSE:DIS) Reaches New 12-Month Low at $80.53

The Walt Disney Company (NYSE:DIS) shares reached a new 52-week low during mid-day trading on Friday . The company traded as low as $80.53 and last traded at $81.69, with a volume of 6559437 shares traded. The stock had previously closed at $83.68.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Evercore ISI reduced their price target on shares of Walt Disney from $130.00 to $110.00 and set an “outperform” rating for the company in a research report on Monday, July 24th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Walt Disney from $131.00 to $120.00 in a research report on Tuesday, August 8th. Wells Fargo & Company reduced their price target on shares of Walt Disney from $147.00 to $146.00 and set an “overweight” rating for the company in a research report on Thursday, August 10th. Macquarie cut shares of Walt Disney from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $125.00 to $103.00 in a research note on Friday, May 19th. Finally, StockNews.com began coverage on shares of Walt Disney in a research note on Thursday, August 17th. They set a “sell” rating on the stock. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $116.83.

Walt Disney Stock Performance

The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.00 and a current ratio of 1.07. The firm’s 50 day simple moving average is $87.12 and its 200-day simple moving average is $93.08. The company has a market cap of $149.38 billion, a price-to-earnings ratio of 66.37, a PEG ratio of 1.69 and a beta of 1.27.

Walt Disney (NYSE:DIS) last announced its earnings results on Wednesday, August 9th. The entertainment giant reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.04. Walt Disney had a net margin of 2.56% and a return on equity of 6.45%. The company had revenue of $22.33 billion for the quarter, compared to analysts’ expectations of $22.50 billion. During the same quarter in the previous year, the company posted $1.09 EPS. The firm’s quarterly revenue was up 3.8% on a year-over-year basis. On average, sell-side analysts predict that The Walt Disney Company will post 3.68 EPS for the current year.

Insiders Place Their Bets

In other Walt Disney news, EVP Sonia L. Coleman sold 959 shares of Walt Disney stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $89.05, for a total transaction of $85,398.95. Following the sale, the executive vice president now owns 961 shares of the company’s stock, valued at approximately $85,577.05. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Bank Julius Baer & Co. Ltd Zurich raised its holdings in Walt Disney by 102,919.5% in the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 458,556,073 shares of the entertainment giant’s stock valued at $40,939,886,000 after buying an additional 458,110,957 shares during the period. State Street Corp raised its holdings in Walt Disney by 3.5% in the 2nd quarter. State Street Corp now owns 73,142,473 shares of the entertainment giant’s stock valued at $6,530,160,000 after buying an additional 2,482,492 shares during the period. Morgan Stanley raised its holdings in Walt Disney by 13.5% in the 4th quarter. Morgan Stanley now owns 46,172,567 shares of the entertainment giant’s stock valued at $4,011,473,000 after buying an additional 5,499,014 shares during the period. Geode Capital Management LLC raised its holdings in Walt Disney by 2.3% in the 2nd quarter. Geode Capital Management LLC now owns 33,246,496 shares of the entertainment giant’s stock valued at $2,959,170,000 after buying an additional 751,034 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its holdings in Walt Disney by 12.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 27,147,543 shares of the entertainment giant’s stock valued at $2,358,578,000 after buying an additional 3,023,997 shares during the period. Hedge funds and other institutional investors own 61.17% of the company’s stock.

Walt Disney Company Profile

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. It operates through two segments, Disney Media and Entertainment Distribution; and Disney Parks, Experiences and Products. The company engages in the film and episodic television content production and distribution activities, as well as operates television networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic, and Star brands; and studios that produces films under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar, and Searchlight Pictures banners.