Walt Disney (NYSE:DIS) Shares Down 2% - What's Next?

The Walt Disney Company (NYSE:DIS - Get Free Report)'s share price fell 2% during trading on Friday . The company traded as low as $98.30 and last traded at $98.48. 1,585,824 shares changed hands during mid-day trading, a decline of 83% from the average session volume of 9,450,755 shares. The stock had previously closed at $100.45.

Analyst Ratings Changes

A number of analysts have recently weighed in on DIS shares. Needham & Company LLC restated a "buy" rating and issued a $130.00 price target on shares of Walt Disney in a report on Wednesday, February 5th. Morgan Stanley increased their target price on shares of Walt Disney from $125.00 to $130.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. Loop Capital lifted their price target on shares of Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a report on Tuesday, March 4th. Citigroup reiterated a "buy" rating and set a $125.00 price objective on shares of Walt Disney in a report on Wednesday, January 22nd. Finally, Rosenblatt Securities restated a "buy" rating and set a $135.00 target price on shares of Walt Disney in a research note on Monday, February 10th. Six analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $125.64.

Walt Disney Stock Performance

The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36. The firm has a market cap of $178.49 billion, a price-to-earnings ratio of 32.16, a P/E/G ratio of 1.80 and a beta of 1.41. The business's 50-day simple moving average is $107.31 and its two-hundred day simple moving average is $105.19.

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

Institutional Investors Weigh In On Walt Disney

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Fire Capital Management LLC purchased a new stake in shares of Walt Disney during the fourth quarter worth about $1,410,000. Mascagni Wealth Management Inc. purchased a new stake in Walt Disney during the 4th quarter worth approximately $223,000. Fairtree Asset Management Pty Ltd acquired a new position in shares of Walt Disney during the fourth quarter valued at approximately $423,000. Chancellor Financial Group WB LP purchased a new position in shares of Walt Disney in the fourth quarter valued at approximately $865,000. Finally, 111 Capital acquired a new stake in shares of Walt Disney in the fourth quarter worth approximately $5,356,000. Hedge funds and other institutional investors 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.