Walt Disney (NYSE:DIS) Stock Price Down 1.1% - What's Next?

The Walt Disney Company (NYSE:DIS - Get Free Report) dropped 1.1% on Monday . The company traded as low as $95.70 and last traded at $96.98. Approximately 2,801,397 shares changed hands during trading, a decline of 71% from the average daily volume of 9,779,833 shares. The stock had previously closed at $98.07.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Redburn Atlantic upgraded shares of Walt Disney from a "neutral" rating to a "buy" rating and raised their price objective for the company from $100.00 to $147.00 in a report on Tuesday, January 7th. Rosenblatt Securities restated a "buy" rating and issued a $135.00 price objective on shares of Walt Disney in a report on Monday, February 10th. Morgan Stanley raised their target price on Walt Disney from $125.00 to $130.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. Jefferies Financial Group started coverage on Walt Disney in a research note on Wednesday, December 4th. They issued a "hold" rating and a $120.00 price target for the company. Finally, Needham & Company LLC restated a "buy" rating and set a $130.00 price objective on shares of Walt Disney in a research report on Wednesday, February 5th. Six investment analysts have rated the stock with a hold rating, seventeen 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 company has a consensus rating of "Moderate Buy" and a consensus target price of $125.33.

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Walt Disney Stock 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 cap of $160.30 billion, a PE ratio of 28.88, a price-to-earnings-growth ratio of 1.80 and a beta of 1.41. The company's 50 day moving average price is $106.70 and its 200-day moving average price is $105.37.

Walt Disney (NYSE:DIS - Get Free Report) last issued its 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 net margin of 6.07% and a return on equity of 9.95%. Equities research analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Institutional Trading of Walt Disney

Institutional investors have recently added to or reduced their stakes in the stock. State Street Corp lifted its stake in Walt Disney by 0.6% in the 3rd quarter. State Street Corp now owns 77,596,191 shares of the entertainment giant's stock worth $7,463,978,000 after purchasing an additional 490,681 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Walt Disney by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 38,482,309 shares of the entertainment giant's stock worth $4,272,590,000 after purchasing an additional 809,989 shares during the period. Northern Trust Corp increased its holdings in shares of Walt Disney by 10.4% in the fourth 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 during the period. Norges Bank purchased a new stake in shares of Walt Disney in the fourth quarter worth $2,415,427,000. Finally, Jennison Associates LLC boosted its stake in Walt Disney by 23.4% during 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 during the period. Hedge funds and other institutional investors own 65.71% of the company's stock.

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.