Walt Disney (NYSE:DIS) Shares Up 1.7%

The Walt Disney Company (NYSE:DIS) rose 1.7% during mid-day trading on Monday . The company traded as high as $101.92 and last traded at $101.66. Approximately 3,244,232 shares were traded during mid-day trading, a decline of 72% from the average daily volume of 11,468,111 shares. The stock had previously closed at $99.97.

Analysts Set New Price Targets

Several brokerages have commented on DIS. Daiwa Capital Markets restated a “buy” rating and issued a $133.00 price target on shares of Walt Disney in a research note on Monday, April 1st. JPMorgan Chase & Co. began coverage on shares of Walt Disney in a research note on Thursday, April 11th. They issued an “overweight” rating and a $140.00 price target on the stock. Argus raised 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 10th. Wells Fargo & Company raised their price target on shares of Walt Disney from $128.00 to $141.00 and gave the company an “overweight” rating in a research note on Tuesday, April 23rd. Finally, Raymond James raised their price target on shares of Walt Disney from $112.00 to $128.00 and gave the company an “outperform” rating in a research note on Tuesday, March 26th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twenty-two have assigned a buy rating to the stock. Based on data from MarketBeat, Walt Disney has an average rating of “Moderate Buy” and an average price target of $126.29.

Walt Disney Stock Performance

The company has a quick ratio of 0.69, a current ratio of 0.75 and a debt-to-equity ratio of 0.38. The stock has a market cap of $185.04 billion, a price-to-earnings ratio of 110.33, a price-to-earnings-growth ratio of 1.26 and a beta of 1.40. The company’s 50-day simple moving average is $106.76 and its 200-day simple moving average is $104.20.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Tuesday, May 7th. The entertainment giant reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. Walt Disney had a net margin of 1.90% and a return on equity of 8.37%. The firm had revenue of $22.08 billion during the quarter, compared to analyst estimates of $22.12 billion. During the same quarter last year, the business posted $0.93 EPS. The company’s revenue was up 1.2% on a year-over-year basis. Analysts predict that The Walt Disney Company will post 4.76 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Sonia L. Coleman sold 1,857 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were 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 approximately $536,448. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Sonia L. Coleman sold 1,857 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were 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 approximately $536,448. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James P. Gorman bought 20,000 shares of the firm’s stock in a transaction on Wednesday, May 8th. The shares were bought at an average cost of $106.03 per share, with a total value of $2,120,600.00. Following the purchase, the director now directly owns 20,467 shares in the company, valued at $2,170,116.01. The disclosure for this purchase can be found here. Company insiders own 0.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. ESL Trust Services LLC bought a new position in Walt Disney in the 1st quarter worth $31,000. Planned Solutions Inc. bought a new position in Walt Disney in the 4th quarter worth $26,000. Gold Investment Management Ltd. bought a new position in Walt Disney in the 4th quarter worth $28,000. Partnership Wealth Management LLC bought a new position in Walt Disney in the 4th quarter worth $33,000. Finally, Stone House Investment Management LLC raised its holdings in Walt Disney by 355.3% in the 4th quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock worth $31,000 after acquiring an additional 270 shares during the period. Institutional investors own 65.71% of the company’s stock.

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.