Walt Disney (NYSE:DIS) Trading 1.4% Higher

Shares of The Walt Disney Company (NYSE:DIS - Get Free Report) were up 1.4% on Thursday . The company traded as high as $95.29 and last traded at $94.85. Approximately 2,972,995 shares changed hands during mid-day trading, a decline of 73% from the average daily volume of 11,188,125 shares. The stock had previously closed at $93.58.

Analyst Ratings Changes

A number of analysts recently commented on the company. Wells Fargo & Company decreased their price objective on Walt Disney from $136.00 to $116.00 and set an "overweight" rating on the stock in a research note on Thursday, August 8th. Needham & Company LLC decreased their price objective on Walt Disney from $145.00 to $110.00 and set a "buy" rating on the stock in a research note on Thursday, August 8th. The Goldman Sachs Group began coverage on Walt Disney in a research note on Tuesday, June 25th. They set a "buy" rating and a $125.00 price objective on the stock. JPMorgan Chase & Co. decreased their price target on Walt Disney from $135.00 to $125.00 and set an "overweight" rating on the stock in a research note on Thursday, August 8th. Finally, Evercore ISI decreased their price target on Walt Disney from $128.00 to $105.00 and set an "outperform" rating on the stock in a research note on Thursday, August 8th. Three research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $117.82.

Walt Disney Stock Down 0.1 %

The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.66 and a current ratio of 0.72. The firm has a fifty day simple moving average of $90.73 and a 200-day simple moving average of $102.10. The company has a market capitalization of $170.38 billion, a PE ratio of 101.59, a P/E/G ratio of 1.31 and a beta of 1.40.

Walt Disney (NYSE:DIS - Get Free Report) last issued its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 EPS for the quarter, topping the consensus estimate of $1.20 by $0.19. The company had revenue of $23.20 billion during the quarter, compared to analyst estimates of $23.08 billion. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. The business's revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.03 EPS. Equities research analysts anticipate that The Walt Disney Company will post 4.92 EPS for the current fiscal year.

Insider Transactions at Walt Disney

In other news, Director Calvin Mcdonald bought 11,756 shares of the firm's stock in a transaction dated Thursday, August 8th. The stock was bought at an average price of $85.06 per share, for a total transaction of $999,965.36. Following the transaction, the director now owns 22,313 shares in the company, valued at $1,897,943.78. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.10% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DIS. Gold Investment Management Ltd. bought a new position in Walt Disney in the 4th quarter worth about $28,000. ESL Trust Services LLC bought a new position in Walt Disney in the 1st quarter worth approximately $31,000. William B. Walkup & Associates Inc. bought a new position in Walt Disney in the 2nd quarter worth approximately $32,000. Frank Rimerman Advisors LLC acquired a new stake in Walt Disney in the 4th quarter valued at approximately $37,000. Finally, Mascoma Wealth Management LLC raised its stake in Walt Disney by 38.0% during the 2nd quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant's stock valued at $44,000 after acquiring an additional 122 shares in the last quarter. 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.