Walt Disney (NYSE:DIS) Trading Down 0.2% – Here’s Why

The Walt Disney Company (NYSE:DIS)’s stock price traded down 0.2% on Thursday . The stock traded as low as $99.58 and last traded at $100.59. 1,695,841 shares were traded during mid-day trading, a decline of 82% from the average session volume of 9,466,531 shares. The stock had previously closed at $100.78.

Analyst Ratings Changes

Several research analysts have commented on DIS shares. Morgan Stanley boosted their price target on shares of Walt Disney from $125.00 to $130.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Jefferies Financial Group initiated coverage on shares of Walt Disney in a research note on Wednesday, December 4th. They set a “hold” rating and a $120.00 target price for the company. Redburn Atlantic upgraded Walt Disney from a “neutral” rating to a “buy” rating and raised their price target for the company from $100.00 to $147.00 in a research note on Tuesday, January 7th. Rosenblatt Securities reaffirmed a “buy” rating and set a $135.00 price objective on shares of Walt Disney in a research report on Monday, February 10th. Finally, Citigroup reissued a “buy” rating and set a $125.00 target price on shares of Walt Disney in a research report on Wednesday, January 22nd. Six investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $125.64.

Walt Disney Stock Down 2.4 %

The company has a market capitalization of $177.19 billion, a PE ratio of 31.93, a P/E/G ratio of 1.80 and a beta of 1.41. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36. The firm has a 50 day simple moving average of $107.31 and a two-hundred day simple moving average of $104.96.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.32. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. Research analysts expect that The Walt Disney Company will post 5.47 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Farmers Trust Co. increased its position in Walt Disney by 1.1% during the 4th quarter. Farmers Trust Co. now owns 8,483 shares of the entertainment giant’s stock worth $945,000 after purchasing an additional 92 shares during the period. Pathway Financial Advisors LLC raised its position in Walt Disney by 2.7% in the fourth quarter. Pathway Financial Advisors LLC now owns 3,471 shares of the entertainment giant’s stock worth $386,000 after acquiring an additional 92 shares in the last quarter. Prossimo Advisors LLC lifted its holdings in Walt Disney by 1.1% in the fourth quarter. Prossimo Advisors LLC now owns 8,732 shares of the entertainment giant’s stock valued at $972,000 after acquiring an additional 92 shares during the period. Saxon Interests Inc. boosted its position in shares of Walt Disney by 2.8% during the 4th quarter. Saxon Interests Inc. now owns 3,412 shares of the entertainment giant’s stock worth $380,000 after purchasing an additional 93 shares in the last quarter. Finally, Onefund LLC increased its holdings in shares of Walt Disney by 2.0% in the 4th quarter. Onefund LLC now owns 4,856 shares of the entertainment giant’s stock valued at $541,000 after purchasing an additional 93 shares in the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

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.