Walt Disney (NYSE:DIS) Stock Price Down 0.7% - What's Next?

The Walt Disney Company (NYSE:DIS - Get Free Report)'s stock price was down 0.7% during trading on Tuesday . The company traded as low as $96.98 and last traded at $98.02. Approximately 2,360,407 shares traded hands during trading, a decline of 73% from the average daily volume of 8,789,101 shares. The stock had previously closed at $98.70.

Analysts Set New Price Targets

A number of analysts recently weighed in on DIS shares. Macquarie reissued a "neutral" rating and issued a $110.00 target price on shares of Walt Disney in a research note on Monday, January 6th. Rosenblatt Securities restated a "buy" rating and set a $135.00 target price on shares of Walt Disney in a research report on Monday, February 10th. Citigroup restated a "buy" rating and issued a $125.00 target price on shares of Walt Disney in a research note on Wednesday, January 22nd. Prescient Securities reduced their price target on shares of Walt Disney from $130.00 to $115.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 4th. Finally, Morgan Stanley raised their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Six analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $125.33.

Walt Disney Price Performance

The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68. The company has a market capitalization of $150.99 billion, a price-to-earnings ratio of 27.21, a price-to-earnings-growth ratio of 1.80 and a beta of 1.44. The company has a 50-day moving average price of $106.26 and a 200-day moving average price of $105.26.

Remove Ads

Walt Disney (NYSE:DIS - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.44 by $0.32. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. On average, equities research analysts expect that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Institutional Trading of Walt Disney

Hedge funds have recently added to or reduced their stakes in the business. State Street Corp increased its holdings in shares of Walt Disney by 0.6% in the third quarter. State Street Corp now owns 77,596,191 shares of the entertainment giant's stock worth $7,463,978,000 after acquiring an additional 490,681 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Walt Disney by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 38,482,309 shares of the entertainment giant's stock valued at $4,272,590,000 after purchasing an additional 809,989 shares during the period. Northern Trust Corp increased its stake in Walt Disney by 10.4% during the 4th quarter. Northern Trust Corp now owns 22,242,415 shares of the entertainment giant's stock worth $2,476,693,000 after purchasing an additional 2,096,431 shares in the last quarter. Norges Bank acquired a new stake in Walt Disney during the 4th quarter worth approximately $2,415,427,000. Finally, Jennison Associates LLC lifted its stake in Walt Disney by 23.4% in the fourth quarter. Jennison Associates LLC now owns 19,197,463 shares of the entertainment giant's stock valued at $2,137,637,000 after buying an additional 3,636,742 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.