Walt Disney (NYSE:DIS) Trading Down 0.9%

The Walt Disney Company (NYSE:DIS - Get Free Report) dropped 0.9% on Monday . The company traded as low as $92.16 and last traded at $92.92. Approximately 1,819,827 shares traded hands during trading, a decline of 84% from the average daily volume of 11,224,379 shares. The stock had previously closed at $93.75.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Walt Disney from $135.00 to $125.00 and set an "overweight" rating for the company in a research report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft lowered their price target on Walt Disney from $130.00 to $115.00 and set a "buy" rating for the company in a report on Thursday, August 8th. The Goldman Sachs Group assumed coverage on Walt Disney in a report on Tuesday, June 25th. They set a "buy" rating and a $125.00 price objective on the stock. Raymond James lowered their target price on Walt Disney from $123.00 to $101.00 and set an "outperform" rating for the company in a research note on Thursday, August 8th. Finally, Bank of America cut their price target on shares of Walt Disney from $145.00 to $120.00 and set a "buy" 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 have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $118.43.

Walt Disney Price Performance

The stock has a market cap of $169.47 billion, a price-to-earnings ratio of 101.04, a price-to-earnings-growth ratio of 1.31 and a beta of 1.40. 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 company has a 50-day simple moving average of $90.59 and a two-hundred day simple moving average of $101.70.

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

Insider Activity at Walt Disney

In other Walt Disney news, Director Calvin Mcdonald purchased 11,756 shares of the stock in a transaction on Thursday, August 8th. The shares were purchased at an average price of $85.06 per share, with a total value of $999,965.36. Following the completion of the transaction, the director now directly owns 22,313 shares in the company, valued at $1,897,943.78. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Walt Disney

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mcdonald Partners LLC increased its holdings in Walt Disney by 0.5% during the 1st quarter. Mcdonald Partners LLC now owns 17,975 shares of the entertainment giant's stock valued at $2,199,000 after purchasing an additional 88 shares during the period. Sendero Wealth Management LLC grew its position in shares of Walt Disney by 2.0% in the 1st quarter. Sendero Wealth Management LLC now owns 4,649 shares of the entertainment giant's stock worth $569,000 after buying an additional 89 shares during the last quarter. McKinley Carter Wealth Services Inc. increased its stake in shares of Walt Disney by 1.5% during the first quarter. McKinley Carter Wealth Services Inc. now owns 5,894 shares of the entertainment giant's stock valued at $721,000 after buying an additional 89 shares during the period. Pflug Koory LLC raised its holdings in shares of Walt Disney by 1.0% during the first quarter. Pflug Koory LLC now owns 8,993 shares of the entertainment giant's stock valued at $1,100,000 after acquiring an additional 91 shares in the last quarter. Finally, Regent Peak Wealth Advisors LLC lifted its stake in Walt Disney by 3.5% in the first quarter. Regent Peak Wealth Advisors LLC now owns 2,801 shares of the entertainment giant's stock worth $343,000 after acquiring an additional 94 shares during the period. 65.71% of the stock is owned by institutional investors.

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.