Walt Disney (NYSE:DIS) Shares Down 0.4%

The Walt Disney Company (NYSE:DIS)’s stock price traded down 0.4% on Tuesday . The company traded as low as $118.19 and last traded at $118.87. 2,169,962 shares traded hands during mid-day trading, a decline of 82% from the average session volume of 12,393,580 shares. The stock had previously closed at $119.36.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on DIS. Wells Fargo & Company boosted their price target on shares of Walt Disney from $115.00 to $128.00 and gave the company an “overweight” rating in a report on Thursday, February 8th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Walt Disney from $115.00 to $110.00 and set a “buy” rating on the stock in a research report on Wednesday, February 7th. Needham & Company LLC upgraded Walt Disney from a “hold” rating to a “buy” rating and set a $120.00 target price on the stock in a research note on Thursday, February 8th. Barclays raised Walt Disney from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $95.00 to $135.00 in a research note on Monday. Finally, Tigress Financial reiterated a “buy” rating and issued a $136.00 target price on shares of Walt Disney in a research note on Wednesday, February 21st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty have given a 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 $116.64.

Walt Disney Price Performance

The company’s 50-day moving average price is $106.66 and its two-hundred day moving average price is $94.34. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.84 and a quick ratio of 0.77. The company has a market capitalization of $221.91 billion, a P/E ratio of 74.68, a price-to-earnings-growth ratio of 1.84 and a beta of 1.41.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.25. Walt Disney had a net margin of 3.36% and a return on equity of 7.88%. The company had revenue of $23.50 billion during the quarter, compared to the consensus estimate of $23.71 billion. During the same period in the previous year, the business earned $0.99 earnings per share. The firm’s quarterly revenue was down .1% on a year-over-year basis. As a group, sell-side analysts expect that The Walt Disney Company will post 4.66 EPS for the current year.

Walt Disney Cuts Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Thursday, July 25th. Stockholders of record on Monday, July 8th will be paid a $0.45 dividend. This represents a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, July 8th. Walt Disney’s dividend payout ratio is currently 18.52%.

Insider Transactions at Walt Disney

In related news, EVP Sonia L. Coleman sold 898 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $90.11, for a total transaction of $80,918.78. Following the transaction, the executive vice president now directly owns 1,861 shares of the company’s stock, valued at approximately $167,694.71. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Planned Solutions Inc. purchased a new stake in Walt Disney in the fourth quarter worth $26,000. Gold Investment Management Ltd. bought a new stake in shares of Walt Disney during the 4th quarter valued at $28,000. Dark Forest Capital Management LP bought a new position in Walt Disney in the 1st quarter worth about $28,000. Worth Asset Management LLC purchased a new position in Walt Disney during the 1st quarter valued at about $29,000. Finally, Fortis Group Advisors LLC bought a new stake in shares of Walt Disney during the third quarter valued at about $30,000. Institutional investors 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.