Walt Disney (NYSE:DIS) Stock Price Down 0.1%

The Walt Disney Company (NYSE:DIS)’s stock price traded down 0.1% during mid-day trading on Monday . The company traded as low as $112.47 and last traded at $112.60. 1,186,298 shares were traded during mid-day trading, a decline of 90% from the average session volume of 11,652,560 shares. The stock had previously closed at $112.73.

Analyst Ratings Changes

Several analysts recently issued reports on DIS shares. Raymond James upped their target price on Walt Disney from $112.00 to $128.00 and gave the stock an “outperform” rating in a report on Tuesday, March 26th. Wells Fargo & Company upped their price objective on Walt Disney from $128.00 to $141.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 23rd. JPMorgan Chase & Co. initiated coverage on shares of Walt Disney in a research note on Thursday, April 11th. They issued an “overweight” rating and a $140.00 target price for the company. Macquarie upped their price target on shares of Walt Disney from $94.00 to $104.00 and gave the stock a “neutral” rating in a research report on Thursday, February 8th. Finally, Guggenheim increased their price target on shares of Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, April 3rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $125.08.

Walt Disney Price Performance

The firm has a market capitalization of $203.80 billion, a price-to-earnings ratio of 68.58, a P/E/G ratio of 1.37 and a beta of 1.42. The company’s 50 day moving average is $114.22 and its 200 day moving average is $100.25. The company has a quick ratio of 0.77, a current ratio of 0.84 and a debt-to-equity ratio of 0.39.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.25. Walt Disney had a net margin of 3.36% and a return on equity of 7.88%. The firm had revenue of $23.50 billion during the quarter, compared to the consensus estimate of $23.71 billion. During the same quarter in the previous year, the firm posted $0.99 EPS. The business’s revenue for the quarter was down .1% compared to the same quarter last year. On average, equities research analysts anticipate that The Walt Disney Company will post 4.67 earnings per share for the current fiscal year.

Walt Disney Cuts Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Thursday, July 25th. Shareholders of record on Monday, July 8th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Monday, July 8th. This represents a yield of 0.5%. Walt Disney’s dividend payout ratio (DPR) is presently 18.52%.

Insider Activity

In related news, EVP Sonia L. Coleman sold 1,857 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $121.92, for a total value of $226,405.44. Following the completion of the transaction, the executive vice president now owns 4,400 shares of the company’s stock, valued at $536,448. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.10% of the company’s stock.

Hedge Funds Weigh In On Walt Disney

Several hedge funds and other institutional investors have recently made changes to their positions in DIS. Planned Solutions Inc. bought a new position in Walt Disney in the fourth quarter valued at approximately $26,000. Gold Investment Management Ltd. acquired a new stake in shares of Walt Disney in the 4th quarter valued at $28,000. Fortis Group Advisors LLC bought a new position in shares of Walt Disney in the 3rd quarter valued at $30,000. Stone House Investment Management LLC raised its holdings in shares of Walt Disney by 355.3% during the 4th quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock worth $31,000 after buying an additional 270 shares in the last quarter. Finally, Partnership Wealth Management LLC bought a new stake in shares of Walt Disney during the 4th quarter worth $33,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

About Walt Disney

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.