Walt Disney (NYSE:DIS) Shares Down 1.7% – Time to Sell?

The Walt Disney Company (NYSE:DIS)’s stock price traded down 1.7% on Tuesday . The company traded as low as $104.82 and last traded at $104.9690. 8,460,543 shares changed hands during trading, a decline of 12% from the average session volume of 9,559,965 shares. The stock had previously closed at $106.77.

Analyst Upgrades and Downgrades

DIS has been the topic of several analyst reports. Morgan Stanley increased their target price on Walt Disney from $120.00 to $140.00 and gave the stock an “overweight” rating in a report on Monday, August 4th. Wells Fargo & Company reduced their price objective on shares of Walt Disney from $159.00 to $152.00 and set an “overweight” rating on the stock in a research note on Friday, November 14th. Sanford C. Bernstein reissued an “outperform” rating on shares of Walt Disney in a report on Wednesday, November 12th. Arete Research raised shares of Walt Disney to a “strong sell” rating in a report on Tuesday, October 28th. Finally, Chardan Capital reiterated a “buy” rating on shares of Walt Disney in a research report on Monday, August 11th. Eighteen analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Walt Disney currently has an average rating of “Moderate Buy” and an average price target of $134.41.

Walt Disney Stock Performance

The stock has a market cap of $187.40 billion, a price-to-earnings ratio of 16.45, a P/E/G ratio of 1.45 and a beta of 1.55. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32. The company has a 50 day simple moving average of $110.26 and a 200 day simple moving average of $114.87.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Thursday, November 13th. The entertainment giant reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.08. The company had revenue of $22.46 billion for the quarter, compared to analyst estimates of $22.78 billion. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The firm’s revenue was down .5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.14 EPS. As a group, equities research analysts forecast that The Walt Disney Company will post 5.47 EPS for the current year.

Walt Disney Dividend Announcement

The business also recently declared a dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Tuesday, June 30th will be issued a dividend of $0.75 per share. The ex-dividend date is Tuesday, June 30th. This represents a dividend yield of 139.0%. Walt Disney’s dividend payout ratio is 21.87%.

Institutional Investors Weigh In On Walt Disney

Several hedge funds have recently modified their holdings of the company. Brighton Jones LLC boosted its position in Walt Disney by 7.7% during the 4th quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant’s stock worth $2,980,000 after buying an additional 1,904 shares during the period. IFG Advisory LLC raised its stake in shares of Walt Disney by 5.1% during the first quarter. IFG Advisory LLC now owns 4,511 shares of the entertainment giant’s stock valued at $445,000 after acquiring an additional 218 shares during the last quarter. Liberty Wealth Management LLC raised its stake in shares of Walt Disney by 214.3% during the first quarter. Liberty Wealth Management LLC now owns 23,949 shares of the entertainment giant’s stock valued at $2,364,000 after acquiring an additional 16,328 shares during the last quarter. Clearstead Trust LLC lifted its holdings in shares of Walt Disney by 0.6% during the first quarter. Clearstead Trust LLC now owns 16,509 shares of the entertainment giant’s stock worth $1,629,000 after purchasing an additional 99 shares during the period. Finally, Solitude Financial Services bought a new stake in shares of Walt Disney in the first quarter worth $265,000. Institutional investors and hedge funds 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.