Walt Disney (NYSE:DIS) Shares Down 0.7% – What’s Next?

Shares of The Walt Disney Company (NYSE:DIS) fell 0.7% during trading on Tuesday . The stock traded as low as $96.98 and last traded at $98.02. 2,360,407 shares were traded during trading, a decline of 73% from the average session volume of 8,789,101 shares. The stock had previously closed at $98.70.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Loop Capital boosted their price target on shares of Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, March 4th. Jefferies Financial Group started coverage on shares of Walt Disney in a research note on Wednesday, December 4th. They set a “hold” rating and a $120.00 target price on the stock. The Goldman Sachs Group increased their price objective on Walt Disney from $137.00 to $139.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th. Morgan Stanley lifted their target price on shares of Walt Disney from $125.00 to $130.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Finally, Macquarie reaffirmed a “neutral” rating and issued a $110.00 price target on shares of Walt Disney in a research report on Monday, January 6th. Six equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $125.64.

Walt Disney Stock Performance

The company has a market cap of $175.38 billion, a PE ratio of 31.61, a PEG ratio of 1.80 and a beta of 1.41. 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 business’s 50 day moving average is $107.14 and its two-hundred day moving average is $105.26.

Walt Disney (NYSE:DIS) last released its quarterly earnings data 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 return on equity of 9.95% and a net margin of 6.07%. On average, equities research analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current year.

Institutional Investors Weigh In On Walt Disney

Several institutional investors and hedge funds have recently modified their holdings of the stock. Fire Capital Management LLC purchased a new position in Walt Disney during the fourth quarter valued at $1,410,000. Mascagni Wealth Management Inc. bought a new stake in Walt Disney in the fourth quarter worth $223,000. Fairtree Asset Management Pty Ltd purchased a new position in Walt Disney during the fourth quarter worth $423,000. Chancellor Financial Group WB LP bought a new position in Walt Disney during the fourth quarter valued at $865,000. Finally, 111 Capital purchased a new stake in shares of Walt Disney in the fourth quarter valued at $5,356,000. 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.