Walt Disney (NYSE:DIS) Shares Down 0.1%

The Walt Disney Company (NYSE:DIS)’s share price dropped 0.1% on Friday . The stock traded as low as $88.45 and last traded at $88.60. Approximately 1,626,614 shares changed hands during trading, a decline of 86% from the average daily volume of 11,324,117 shares. The stock had previously closed at $88.65.

Wall Street Analysts Forecast Growth

DIS has been the topic of several recent analyst reports. The Goldman Sachs Group initiated coverage on Walt Disney in a research note on Tuesday, June 25th. They issued a “buy” rating and a $125.00 price target on the stock. Bank of America reduced their target price on Walt Disney from $145.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. UBS Group dropped their price target on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Macquarie reduced their price objective on shares of Walt Disney from $107.00 to $94.00 and set a “neutral” rating on the stock in a research note on Monday, August 12th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Walt Disney from $135.00 to $125.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Three research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $117.95.

Walt Disney Price Performance

The business’s 50 day simple moving average is $91.98 and its 200-day simple moving average is $103.22. The stock has a market capitalization of $160.32 billion, a price-to-earnings ratio of 95.59, a price-to-earnings-growth ratio of 1.34 and a beta of 1.40. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.66 and a current ratio of 0.72.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate of $23.08 billion. During the same period in the previous year, the firm posted $1.03 earnings per share. The business’s revenue was up 3.9% on a year-over-year basis. Research analysts anticipate that The Walt Disney Company will post 4.92 earnings per share for the current year.

Insider Activity

In related news, Director Calvin Mcdonald bought 11,756 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The stock was purchased at an average price of $85.06 per share, for a total transaction of $999,965.36. Following the transaction, the director now directly owns 22,313 shares of the company’s stock, valued at approximately $1,897,943.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.10% of the company’s stock.

Institutional Investors Weigh In On Walt Disney

A number of institutional investors have recently added to or reduced their stakes in DIS. Norges Bank bought a new position in Walt Disney during the fourth quarter valued at about $1,938,647,000. Jennison Associates LLC bought a new position in shares of Walt Disney during the 1st quarter valued at about $1,490,492,000. Capital World Investors grew its stake in shares of Walt Disney by 3,332.4% in the 1st quarter. Capital World Investors now owns 6,267,593 shares of the entertainment giant’s stock worth $766,903,000 after purchasing an additional 6,084,993 shares during the last quarter. ValueAct Holdings L.P. bought a new stake in shares of Walt Disney in the 4th quarter worth approximately $459,245,000. Finally, Swedbank AB acquired a new stake in Walt Disney during the first quarter valued at approximately $493,715,000. 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.