Walt Disney (NYSE:DIS) Trading Up 1% – Here’s What Happened

The Walt Disney Company (NYSE:DIS)’s stock price traded up 1% during mid-day trading on Tuesday . The stock traded as high as $85.78 and last traded at $85.47. 1,616,264 shares traded hands during mid-day trading, a decline of 84% from the average session volume of 9,966,080 shares. The stock had previously closed at $84.66.

Wall Street Analyst Weigh In

Several research analysts have recently commented on DIS shares. Macquarie reiterated a “neutral” rating and set a $110.00 price target on shares of Walt Disney in a report on Monday, January 6th. Citigroup reaffirmed a “buy” rating and set a $125.00 target price on shares of Walt Disney in a research note on Wednesday, January 22nd. Needham & Company LLC reiterated a “buy” rating and issued a $130.00 target price on shares of Walt Disney in a report on Wednesday, February 5th. Morgan Stanley lifted their price target on shares of Walt Disney from $125.00 to $130.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Finally, UBS Group lowered their price objective on Walt Disney from $130.00 to $105.00 and set a “buy” rating for the company in a research report on Tuesday. 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 company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $124.48.

Walt Disney Stock Down 2.5 %

The firm has a market capitalization of $149.83 billion, a PE ratio of 27.00, a price-to-earnings-growth ratio of 1.80 and a beta of 1.44. 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’s 50-day moving average is $100.21 and its 200 day moving average is $104.52.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share for the quarter, topping 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%. As a group, research analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Walt Disney

Hedge funds and other institutional investors have recently modified their holdings of the stock. Morse Asset Management Inc lifted its stake in Walt Disney by 17.5% during the third quarter. Morse Asset Management Inc now owns 21,366 shares of the entertainment giant’s stock valued at $2,055,000 after buying an additional 3,185 shares in the last quarter. Te Ahumairangi Investment Management Ltd boosted its position in Walt Disney by 28.3% during the third quarter. Te Ahumairangi Investment Management Ltd now owns 37,123 shares of the entertainment giant’s stock worth $3,551,000 after purchasing an additional 8,180 shares during the period. Saratoga Research & Investment Management raised its holdings in Walt Disney by 18.8% in the 3rd quarter. Saratoga Research & Investment Management now owns 1,536,008 shares of the entertainment giant’s stock worth $147,749,000 after acquiring an additional 242,675 shares during the period. Eaton Financial Holdings Company LLC acquired a new stake in shares of Walt Disney in the third quarter worth $660,000. Finally, Boyar Asset Management Inc. increased its stake in Walt Disney by 1.7% during the third quarter. Boyar Asset Management Inc. now owns 33,280 shares of the entertainment giant’s stock valued at $3,201,000 after acquiring an additional 551 shares during the period. Institutional investors 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.