Walt Disney (NYSE:DIS) Trading Up 0.3% - Time to Buy?

The Walt Disney Company (NYSE:DIS - Get Free Report)'s share price was up 0.3% during mid-day trading on Wednesday . The company traded as high as $97.14 and last traded at $97.00. Approximately 1,034,479 shares traded hands during trading, a decline of 91% from the average daily volume of 10,891,578 shares. The stock had previously closed at $96.74.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on DIS shares. JPMorgan Chase & Co. cut their price objective on Walt Disney from $135.00 to $125.00 and set an "overweight" rating on the stock in a report on Thursday, August 8th. Loop Capital reduced their target price on shares of Walt Disney from $139.00 to $130.00 and set a "buy" rating for the company in a report on Tuesday, July 30th. Piper Sandler assumed coverage on shares of Walt Disney in a research report on Wednesday, October 16th. They set a "neutral" rating and a $95.00 target price for the company. Barclays cut their price target on Walt Disney from $130.00 to $105.00 and set an "overweight" rating on the stock in a research report on Thursday, August 8th. Finally, UBS Group reduced their price objective on Walt Disney from $130.00 to $120.00 and set a "buy" rating for the company in a research note on Thursday, August 8th. Five equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $118.05.

Walt Disney Trading Down 0.5 %

The company has a fifty day moving average of $92.36 and a 200-day moving average of $98.44. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $175.45 billion, a price-to-earnings ratio of 104.61, a PEG ratio of 1.49 and a beta of 1.40.

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

Insider Activity

In other Walt Disney news, Director Calvin Mcdonald acquired 11,756 shares of the company's stock in a transaction that occurred on Thursday, August 8th. The stock was bought at an average price of $85.06 per share, with a total value of $999,965.36. Following the purchase, the director now owns 22,313 shares in the company, valued at approximately $1,897,943.78. The trade was a 100.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.10% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Burford Brothers Inc. lifted its position in Walt Disney by 12.4% during the third quarter. Burford Brothers Inc. now owns 4,387 shares of the entertainment giant's stock worth $422,000 after buying an additional 484 shares in the last quarter. Cromwell Holdings LLC increased its stake in shares of Walt Disney by 4.9% in the 3rd quarter. Cromwell Holdings LLC now owns 5,940 shares of the entertainment giant's stock worth $571,000 after acquiring an additional 277 shares during the last quarter. Pavion Blue Capital LLC boosted its position in shares of Walt Disney by 2.4% during the 3rd quarter. Pavion Blue Capital LLC now owns 55,811 shares of the entertainment giant's stock valued at $5,368,000 after acquiring an additional 1,304 shares during the last quarter. Shayne & Jacobs LLC increased its position in Walt Disney by 11.9% during the third quarter. Shayne & Jacobs LLC now owns 29,260 shares of the entertainment giant's stock worth $2,815,000 after purchasing an additional 3,113 shares during the last quarter. Finally, Sigma Investment Counselors Inc. raised its stake in Walt Disney by 6.8% during the third quarter. Sigma Investment Counselors Inc. now owns 4,039 shares of the entertainment giant's stock worth $389,000 after purchasing an additional 258 shares during the period. 65.71% of the stock is currently owned by institutional investors and hedge funds.

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.