Walt Disney (NYSE:DIS) Trading Down 5.8% - Here's Why

The Walt Disney Company (NYSE:DIS - Get Free Report)'s stock price traded down 5.8% on Thursday . The company traded as low as $85.80 and last traded at $86.10. 4,100,589 shares changed hands during trading, a decline of 59% from the average session volume of 9,929,529 shares. The stock had previously closed at $91.44.

Wall Street Analysts Forecast Growth

DIS has been the topic of a number of recent research reports. The Goldman Sachs Group raised their target price on shares of Walt Disney from $137.00 to $139.00 and gave the stock a "buy" rating in a report on Tuesday, February 4th. Needham & Company LLC reaffirmed a "buy" rating and issued a $130.00 target price on shares of Walt Disney in a research report on Wednesday, February 5th. Rosenblatt Securities reissued a "buy" rating and set a $135.00 price target on shares of Walt Disney in a report on Monday, February 10th. Prescient Securities cut their price objective 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 upped their target price on shares of Walt Disney from $125.00 to $130.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. Six analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Walt Disney has a consensus rating of "Moderate Buy" and an average target price of $125.13.

Walt Disney Stock Performance

The firm's 50 day moving average is $101.83 and its 200-day moving average is $104.82. 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 firm has a market cap of $153.03 billion, a price-to-earnings ratio of 27.57, a price-to-earnings-growth ratio of 1.80 and a beta of 1.44.

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Walt Disney (NYSE:DIS - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share 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%. Sell-side 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 bought and sold shares of the stock. Mpwm Advisory Solutions LLC bought a new stake in Walt Disney during the fourth quarter worth about $27,000. FPC Investment Advisory Inc. bought a new position in Walt Disney in the 4th quarter valued at $28,000. Tacita Capital Inc boosted its stake in Walt Disney by 93.2% in the fourth quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant's stock worth $29,000 after purchasing an additional 124 shares in the last quarter. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Walt Disney during the fourth quarter worth $32,000. Finally, Midwest Capital Advisors LLC acquired a new stake in shares of Walt Disney in the fourth quarter valued at $34,000. Institutional investors and hedge funds 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.