Walt Disney (NYSE:DIS) Shares Down 2% - Here's Why

The Walt Disney Company (NYSE:DIS - Get Free Report) fell 2% on Friday . The stock traded as low as $83.54 and last traded at $83.52. 2,417,494 shares were traded during mid-day trading, a decline of 76% from the average session volume of 9,961,884 shares. The stock had previously closed at $85.23.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on DIS shares. The Goldman Sachs Group boosted their price target on Walt Disney from $137.00 to $139.00 and gave the stock a "buy" rating in a research report on Tuesday, February 4th. UBS Group decreased their target price on Walt Disney from $130.00 to $105.00 and set a "buy" rating on the stock in a report on Tuesday. Macquarie reissued a "neutral" rating and issued a $110.00 price objective on shares of Walt Disney in a research report on Monday, January 6th. Morgan Stanley lifted their target price 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. Finally, Loop Capital lifted their price target on Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a report on Tuesday, March 4th. Six equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $124.48.

Walt Disney Stock Performance

The business's fifty day moving average is $101.31 and its 200-day moving average is $104.75. 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 company has a market cap of $153.67 billion, a PE ratio of 27.69, a P/E/G ratio of 1.80 and a beta of 1.44.

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Walt Disney (NYSE:DIS - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (EPS) 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, research analysts predict that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Geode Capital Management LLC raised its position in Walt Disney by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 38,482,309 shares of the entertainment giant's stock worth $4,272,590,000 after buying an additional 809,989 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Walt Disney by 10.4% during the fourth quarter. Northern Trust Corp now owns 22,242,415 shares of the entertainment giant's stock valued at $2,476,693,000 after acquiring an additional 2,096,431 shares during the last quarter. Norges Bank acquired a new position in Walt Disney during the fourth quarter worth about $2,415,427,000. Jennison Associates LLC grew its position in shares of 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 purchasing an additional 3,636,742 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in Walt Disney by 15.5% during the fourth quarter. Bank of New York Mellon Corp now owns 17,104,295 shares of the entertainment giant's stock worth $1,904,563,000 after purchasing an additional 2,300,912 shares during the last quarter. 65.71% of the stock is owned by institutional investors.

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.