Walt Disney (NYSE:DIS) Trading 0.8% Higher

The Walt Disney Company (NYSE:DIS) was up 0.8% during mid-day trading on Thursday . The stock traded as high as $95.22 and last traded at $94.63. Approximately 2,244,139 shares traded hands during mid-day trading, a decline of 80% from the average daily volume of 11,171,492 shares. The stock had previously closed at $93.92.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on DIS. JPMorgan Chase & Co. lowered their target price on shares of Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. The Goldman Sachs Group assumed coverage on shares of Walt Disney in a report on Tuesday, June 25th. They issued a “buy” rating and a $125.00 target price on the stock. Macquarie dropped their target price on shares of Walt Disney from $94.00 to $91.00 and set a “neutral” rating on the stock in a research report on Thursday, September 19th. Wells Fargo & Company decreased their price objective on Walt Disney from $136.00 to $116.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Finally, Evercore ISI decreased their price target on Walt Disney from $128.00 to $105.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Three research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $118.43.

Walt Disney Price Performance

The company has a debt-to-equity ratio of 0.38, a current ratio of 0.72 and a quick ratio of 0.66. The firm has a 50-day moving average of $90.42 and a 200 day moving average of $101.53. The company has a market capitalization of $173.23 billion, a PE ratio of 102.86, a PEG ratio of 1.53 and a beta of 1.40.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.19. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. The business had revenue of $23.20 billion during the quarter, compared to analyst estimates of $23.08 billion. During the same quarter in the prior year, the business posted $1.03 EPS. Walt Disney’s revenue for the quarter was up 3.9% compared to the same quarter last year. As a group, research analysts anticipate that The Walt Disney Company will post 4.92 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Calvin Mcdonald purchased 11,756 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was acquired at an average price of $85.06 per share, with a total value of $999,965.36. Following the completion of the acquisition, the director now owns 22,313 shares in the company, valued at approximately $1,897,943.78. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Walt Disney

Large investors have recently made changes to their positions in the stock. ESL Trust Services LLC purchased a new stake in shares of Walt Disney in the 1st quarter valued at approximately $31,000. Gold Investment Management Ltd. purchased a new stake in shares of Walt Disney during the fourth quarter worth approximately $28,000. William B. Walkup & Associates Inc. acquired a new position in shares of Walt Disney during the second quarter worth about $32,000. Red Tortoise LLC raised its stake in shares of Walt Disney by 141.4% during the 1st quarter. Red Tortoise LLC now owns 367 shares of the entertainment giant’s stock worth $45,000 after buying an additional 215 shares in the last quarter. Finally, Frank Rimerman Advisors LLC acquired a new stake in Walt Disney in the fourth quarter valued at $37,000. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Walt Disney Company Profile

The Walt Disney Company operates as an entertainment company worldwide. It operates through three segments: Entertainment, Sports, and Experiences. The company produces and distributes film and television video streaming content under the ABC Television Network, Disney, Freeform, FX, Fox, National Geographic, and Star brand television channels, as well as ABC television stations and A+E television networks; and produces original content under the ABC Signature, Disney Branded Television, FX Productions, Lucasfilm, Marvel, National Geographic Studios, Pixar, Searchlight Pictures, Twentieth Century Studios, 20th Television, and Walt Disney Pictures banners.