Walt Disney (NYSE:DIS) Shares Down 3.3% - Here's What Happened

The Walt Disney Company (NYSE:DIS - Get Free Report)'s stock price fell 3.3% during trading on Friday . The company traded as low as $84.18 and last traded at $85.91. 5,927,694 shares changed hands during mid-day trading, a decline of 39% from the average session volume of 9,756,476 shares. The stock had previously closed at $88.84.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on DIS. Morgan Stanley raised their price target on Walt Disney from $125.00 to $130.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. Loop Capital raised their price target on Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a research note on Tuesday, March 4th. Rosenblatt Securities reissued a "buy" rating and set a $135.00 price objective on shares of Walt Disney in a report on Monday, February 10th. Redburn Atlantic upgraded Walt Disney from a "neutral" rating to a "buy" rating and lifted their target price for the company from $100.00 to $147.00 in a research note on Tuesday, January 7th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $130.00 price target on shares of Walt Disney in a report on Wednesday, February 5th. Six research 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 MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $125.75.

Walt Disney Stock Down 2.1 %

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 business's fifty day simple moving average is $105.08 and its two-hundred day simple moving average is $105.21. The company has a market cap of $147.47 billion, a PE ratio of 26.57, a PEG ratio of 1.80 and a beta of 1.44.

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

Institutional Trading of Walt Disney

Large investors have recently made changes to their positions in the company. Mpwm Advisory Solutions LLC acquired a new stake in Walt Disney in the 4th quarter valued at about $27,000. FPC Investment Advisory Inc. acquired a new stake in Walt Disney in the 4th quarter valued at approximately $28,000. Tacita Capital Inc raised its holdings in shares of Walt Disney by 93.2% in the 4th quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant's stock valued at $29,000 after buying an additional 124 shares during the period. Pilgrim Partners Asia Pte Ltd purchased a new stake in Walt Disney during the fourth quarter worth about $32,000. Finally, Midwest Capital Advisors LLC purchased a new stake in Walt Disney during the 4th quarter worth approximately $34,000. 65.71% of the stock is currently owned by hedge funds and other 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.