The Walt Disney Company (NYSE:DIS - Get Free Report)'s share price fell 5.8% during mid-day trading 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.
Analyst Upgrades and Downgrades
A number of research firms recently weighed in on DIS. Rosenblatt Securities restated a "buy" rating and set a $135.00 price target on shares of Walt Disney in a research report on Monday, February 10th. Macquarie restated a "neutral" rating and issued a $110.00 price target on shares of Walt Disney in a research report on Monday, January 6th. Morgan Stanley lifted their price objective on Walt Disney from $125.00 to $130.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. The Goldman Sachs Group upped their target price on Walt Disney from $137.00 to $139.00 and gave the company a "buy" rating in a report on Tuesday, February 4th. Finally, Needham & Company LLC reissued a "buy" rating and set a $130.00 price target on shares of Walt Disney in a research report on Wednesday, February 5th. Six research analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $125.13.
View Our Latest Analysis on Walt Disney
Walt Disney Trading Down 0.3 %
The company has a market cap of $153.03 billion, a PE ratio of 27.57, a P/E/G ratio of 1.80 and a beta of 1.44. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36. The company has a fifty day simple moving average of $101.83 and a two-hundred day simple moving average of $104.82.
Walt Disney (NYSE:DIS - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share for the quarter, beating 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%. Analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current year.
Hedge Funds Weigh In On Walt Disney
Hedge funds have recently added to or reduced their stakes in the stock. Geode Capital Management LLC lifted 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 buying an additional 809,989 shares during the last quarter. Northern Trust Corp increased its position in 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 acquiring an additional 2,096,431 shares during the period. Norges Bank acquired a new stake in Walt Disney during the 4th quarter worth approximately $2,415,427,000. Jennison Associates LLC lifted its holdings 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 worth $2,137,637,000 after purchasing an additional 3,636,742 shares during the period. Finally, Bank of New York Mellon Corp lifted 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 acquiring an additional 2,300,912 shares during the period. 65.71% of the stock is currently owned by hedge funds and other institutional investors.
About Walt Disney
(
Get Free Report)
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.
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