Walt Disney (NYSE:DIS) Trading Down 0.7% – Here’s What Happened

The Walt Disney Company (NYSE:DIS)’s stock price was down 0.7% during mid-day trading on Tuesday . The stock traded as low as $96.98 and last traded at $98.02. Approximately 2,360,407 shares traded hands during trading, a decline of 73% from the average daily volume of 8,789,101 shares. The stock had previously closed at $98.70.

Analysts Set New Price Targets

A number of research analysts have recently commented on DIS shares. Citigroup reaffirmed a “buy” rating and set a $125.00 target price on shares of Walt Disney in a research note on Wednesday, January 22nd. Jefferies Financial Group started coverage on Walt Disney in a research report on Wednesday, December 4th. They issued a “hold” rating and a $120.00 price objective on the stock. Morgan Stanley lifted their target price on Walt Disney from $125.00 to $130.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Macquarie restated a “neutral” rating and issued a $110.00 price target on shares of Walt Disney in a report on Monday, January 6th. Finally, Redburn Atlantic upgraded shares of Walt Disney from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $100.00 to $147.00 in a report on Tuesday, January 7th. Six equities research 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 stock. According to data from MarketBeat, Walt Disney presently has a consensus rating of “Moderate Buy” and an average target price of $125.64.

Walt Disney Price Performance

The company has a market cap of $175.38 billion, a PE ratio of 31.61, a price-to-earnings-growth ratio of 1.80 and a beta of 1.41. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36. The firm has a 50 day simple moving average of $107.14 and a 200-day simple moving average of $105.26.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 EPS for the quarter, topping 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%. As a group, research analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Institutional Trading of Walt Disney

Hedge funds and other institutional investors have recently made changes to their positions in the business. Norges Bank purchased a new stake in Walt Disney in the fourth quarter valued at about $2,415,427,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in shares of Walt Disney by 1,900.0% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 5,735,961 shares of the entertainment giant’s stock valued at $638,699,000 after purchasing an additional 5,449,158 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in Walt Disney by 75.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 10,858,108 shares of the entertainment giant’s stock worth $1,209,050,000 after purchasing an additional 4,680,930 shares in the last quarter. Jennison Associates LLC grew its position in Walt Disney by 23.4% during the 4th quarter. Jennison Associates LLC now owns 19,197,463 shares of the entertainment giant’s stock worth $2,137,637,000 after purchasing an additional 3,636,742 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Walt Disney during the 4th quarter valued at approximately $358,151,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

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.