Walt Disney (NYSE:DIS) Stock Price Down 0.4%

The Walt Disney Company (NYSE:DIS)’s share price was down 0.4% during trading on Tuesday . The stock traded as low as $111.08 and last traded at $111.67. Approximately 2,090,773 shares traded hands during trading, a decline of 82% from the average daily volume of 11,610,094 shares. The stock had previously closed at $112.08.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on DIS. Argus increased their price target on Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, April 10th. Raymond James upped their price objective on shares of Walt Disney from $112.00 to $128.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 26th. Macquarie increased their price objective on Walt Disney from $94.00 to $104.00 and gave the company a “neutral” rating in a research report on Thursday, February 8th. The Goldman Sachs Group cut their price target on Walt Disney from $125.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, February 8th. Finally, Tigress Financial reiterated a “buy” rating and set a $136.00 target price on shares of Walt Disney in a report on Wednesday, February 21st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Walt Disney currently has an average rating of “Moderate Buy” and a consensus target price of $125.08.

Walt Disney Stock Performance

The firm’s 50-day moving average is $114.28 and its 200 day moving average is $100.32. The stock has a market cap of $206.58 billion, a PE ratio of 69.53, a P/E/G ratio of 1.36 and a beta of 1.40. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.77 and a current ratio of 0.84.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 EPS for the quarter, topping the consensus estimate of $0.97 by $0.25. Walt Disney had a return on equity of 7.88% and a net margin of 3.36%. The firm had revenue of $23.50 billion for the quarter, compared to analyst estimates of $23.71 billion. During the same period in the previous year, the company posted $0.99 EPS. Walt Disney’s revenue for the quarter was down .1% on a year-over-year basis. As a group, research analysts anticipate that The Walt Disney Company will post 4.67 EPS for the current year.

Walt Disney Cuts Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Thursday, July 25th. Stockholders of record on Monday, July 8th will be issued a dividend of $0.45 per share. This represents a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, July 8th. Walt Disney’s dividend payout ratio is 18.52%.

Insider Activity

In other news, EVP Sonia L. Coleman sold 1,857 shares of the stock in a transaction on Monday, April 1st. The shares were sold at an average price of $121.92, for a total transaction of $226,405.44. Following the completion of the sale, the executive vice president now owns 4,400 shares of the company’s stock, valued at $536,448. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.10% of the stock is owned by corporate insiders.

Institutional Trading of Walt Disney

Institutional investors and hedge funds have recently made changes to their positions in the company. Planned Solutions Inc. bought a new stake in Walt Disney in the 4th quarter worth $26,000. Gold Investment Management Ltd. bought a new position in Walt Disney during the fourth quarter valued at $28,000. Fortis Group Advisors LLC purchased a new stake in shares of Walt Disney in the third quarter valued at approximately $30,000. Stone House Investment Management LLC grew its position in shares of Walt Disney by 355.3% in the 4th quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock worth $31,000 after buying an additional 270 shares during the last quarter. Finally, Partnership Wealth Management LLC acquired a new position in shares of Walt Disney in the fourth quarter valued at about $33,000. 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.