Walt Disney (NYSE:DIS) Trading Down 1.1% – Should You Sell?

The Walt Disney Company (NYSE:DIS) dropped 1.1% during mid-day trading on Monday . The company traded as low as $95.70 and last traded at $96.98. Approximately 2,801,397 shares were traded during trading, a decline of 71% from the average daily volume of 9,779,833 shares. The stock had previously closed at $98.07.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on DIS shares. Jefferies Financial Group started coverage on Walt Disney in a research report on Wednesday, December 4th. They set a “hold” rating and a $120.00 price target on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $130.00 target price on shares of Walt Disney in a report on Wednesday, February 5th. Loop Capital lifted their price target on Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Tuesday, March 4th. Macquarie restated a “neutral” rating and issued a $110.00 price objective on shares of Walt Disney in a research report on Monday, January 6th. Finally, Redburn Atlantic raised shares of Walt Disney from a “neutral” rating to a “buy” rating and lifted their target price for the company from $100.00 to $147.00 in a report on Tuesday, January 7th. Six analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $125.33.

Walt Disney Stock Down 1.1 %

The firm has a market capitalization of $176.49 billion, a PE ratio of 31.80, a price-to-earnings-growth ratio of 1.80 and a beta of 1.41. The business has a 50-day moving average price of $106.92 and a 200-day moving average price of $105.32. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Brookstone Capital Management increased its stake in shares of Walt Disney by 10.5% during the fourth quarter. Brookstone Capital Management now owns 140,883 shares of the entertainment giant’s stock worth $15,687,000 after buying an additional 13,339 shares during the period. Greystone Financial Group LLC lifted its position in shares of Walt Disney by 13.3% during the 4th quarter. Greystone Financial Group LLC now owns 85,187 shares of the entertainment giant’s stock worth $9,486,000 after buying an additional 9,967 shares during the last quarter. Avanza Fonder AB acquired a new position in shares of Walt Disney in the 4th quarter valued at $15,125,000. Swedbank AB grew its position in shares of Walt Disney by 14.4% in the 4th quarter. Swedbank AB now owns 3,361,792 shares of the entertainment giant’s stock valued at $374,336,000 after buying an additional 422,339 shares during the last quarter. Finally, FourThought Financial Partners LLC acquired a new stake in Walt Disney during the 4th quarter worth $446,000. Hedge funds and other 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.