Walt Disney (NYSE:DIS) Stock Price Down 0.2% – Should You Sell?

The Walt Disney Company (NYSE:DIS)’s share price dropped 0.2% during mid-day trading on Thursday . The stock traded as low as $99.58 and last traded at $100.59. Approximately 1,695,841 shares changed hands during trading, a decline of 82% from the average daily volume of 9,466,531 shares. The stock had previously closed at $100.78.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on DIS shares. Redburn Atlantic upgraded Walt Disney from a “neutral” rating to a “buy” rating and increased their target price for the company from $100.00 to $147.00 in a report on Tuesday, January 7th. Citigroup reaffirmed a “buy” rating and set a $125.00 price objective on shares of Walt Disney in a research note on Wednesday, January 22nd. Loop Capital boosted their target price on shares of Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday, March 4th. Morgan Stanley raised their price target on shares of Walt Disney from $125.00 to $130.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $130.00 price objective on shares of Walt Disney in a research report on Wednesday, February 5th. Six investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Walt Disney presently has an average rating of “Moderate Buy” and a consensus price target of $125.64.

Walt Disney Price Performance

The company has a market cap of $181.43 billion, a PE ratio of 32.69, a P/E/G ratio of 1.80 and a beta of 1.41. 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 company has a 50-day moving average price of $107.61 and a two-hundred day moving average price of $105.04.

Walt Disney (NYSE:DIS) last released 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 return on equity of 9.95% and a net margin of 6.07%. Sell-side analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Walt Disney

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DIS. Mpwm Advisory Solutions LLC purchased a new stake in shares of Walt Disney during the fourth quarter worth about $27,000. FPC Investment Advisory Inc. acquired a new stake in Walt Disney during the 4th quarter valued at approximately $28,000. Tacita Capital Inc increased its holdings in Walt Disney by 93.2% during the 4th quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant’s stock worth $29,000 after purchasing an additional 124 shares during the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Walt Disney in the 4th quarter valued at approximately $32,000. Finally, Midwest Capital Advisors LLC purchased a new position in shares of Walt Disney during the 4th quarter valued at approximately $34,000. Hedge funds and other 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.