Walt Disney (NYSE:DIS) Shares Down 1.5% - Here's Why

Shares of The Walt Disney Company (NYSE:DIS - Get Free Report) traded down 1.5% during trading on Monday . The stock traded as low as $83.00 and last traded at $83.58. 2,847,474 shares changed hands during mid-day trading, a decline of 71% from the average session volume of 9,806,433 shares. The stock had previously closed at $84.81.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. UBS Group dropped their price target on Walt Disney from $130.00 to $105.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Wolfe Research raised shares of Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price objective on the stock in a research report on Monday. Citigroup reaffirmed a "buy" rating and set a $125.00 price target on shares of Walt Disney in a research report on Wednesday, January 22nd. Prescient Securities dropped their target price on Walt Disney from $130.00 to $115.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 4th. Finally, Rosenblatt Securities reiterated a "buy" rating and issued a $135.00 price target on shares of Walt Disney in a research note on Monday, February 10th. Six investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $123.75.

Walt Disney Trading Up 2.6 %

The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62. The stock has a market cap of $161.87 billion, a price-to-earnings ratio of 29.16, a P/E/G ratio of 1.80 and a beta of 1.44. The business's 50 day moving average is $97.80 and its 200 day moving average is $104.20.

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

Hedge Funds Weigh In On Walt Disney

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Geode Capital Management LLC increased its stake in 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 valued at $4,272,590,000 after purchasing an additional 809,989 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of Walt Disney by 10.4% in the 4th quarter. Northern Trust Corp now owns 22,242,415 shares of the entertainment giant's stock valued at $2,476,693,000 after buying an additional 2,096,431 shares during the period. Norges Bank bought a new stake in shares of Walt Disney during the fourth quarter valued at about $2,415,427,000. Jennison Associates LLC increased its stake in shares of 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 acquiring an additional 3,636,742 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in shares of Walt Disney by 15.5% in the 4th 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 buying an additional 2,300,912 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.