Walt Disney (NYSE:DIS) Stock Price Down 0.6% on Analyst Downgrade

The Walt Disney Company (NYSE:DIS - Get Free Report) traded down 0.6% during trading on Friday after Macquarie lowered their price target on the stock from $94.00 to $91.00. Macquarie currently has a neutral rating on the stock. Walt Disney traded as low as $92.85 and last traded at $92.91. 2,923,829 shares changed hands during mid-day trading, a decline of 74% from the average session volume of 11,184,378 shares. The stock had previously closed at $93.45.

DIS has been the subject of a number of other reports. Moffett Nathanson decreased their target price on Walt Disney from $130.00 to $125.00 and set a "buy" rating for the company in a research report on Tuesday, July 2nd. Loop Capital dropped their target price on shares of Walt Disney from $139.00 to $130.00 and set a "buy" rating on the stock in a report on Tuesday, July 30th. JPMorgan Chase & Co. cut their target price on shares of Walt Disney from $135.00 to $125.00 and set an "overweight" rating on the stock in a research report on Thursday, August 8th. Bank of America lowered their price target on shares of Walt Disney from $145.00 to $120.00 and set a "buy" rating for the company in a research report on Thursday, August 8th. Finally, UBS Group cut their price objective on shares of Walt Disney from $130.00 to $120.00 and set a "buy" rating on the stock in a report on Thursday, August 8th. Three equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $118.43.

Insiders Place Their Bets

In related news, Director Calvin Mcdonald purchased 11,756 shares of the firm's stock in a transaction on Thursday, August 8th. The stock was acquired at an average price of $85.06 per share, with a total value of $999,965.36. Following the completion of the acquisition, the director now owns 22,313 shares in the company, valued at approximately $1,897,943.78. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of DIS. Vaughan Nelson Investment Management L.P. boosted its stake in shares of Walt Disney by 84.6% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 2,000,267 shares of the entertainment giant's stock worth $244,754,000 after buying an additional 916,772 shares during the last quarter. Jennison Associates LLC acquired a new stake in shares of Walt Disney during the 1st quarter worth approximately $1,490,492,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Walt Disney by 4.2% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 556,658 shares of the entertainment giant's stock valued at $68,113,000 after purchasing an additional 22,568 shares in the last quarter. Rheos Capital Works Inc. lifted its stake in shares of Walt Disney by 41.3% in the 1st quarter. Rheos Capital Works Inc. now owns 175,900 shares of the entertainment giant's stock valued at $21,523,000 after purchasing an additional 51,400 shares during the period. Finally, Nordea Investment Management AB boosted its holdings in Walt Disney by 555.9% during the first quarter. Nordea Investment Management AB now owns 956,788 shares of the entertainment giant's stock worth $117,599,000 after buying an additional 810,923 shares in the last quarter. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Walt Disney Trading Up 0.3 %

The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.38. The company's 50-day moving average is $90.73 and its 200 day moving average is $102.10. The company has a market cap of $170.91 billion, a price-to-earnings ratio of 101.90, a price-to-earnings-growth ratio of 1.31 and a beta of 1.40.

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

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.