Walt Disney (NYSE:DIS) Trading 0.6% Higher

The Walt Disney Company (NYSE:DIS)’s share price rose 0.6% during mid-day trading on Tuesday . The stock traded as high as $113.76 and last traded at $113.62. Approximately 1,592,294 shares were traded during mid-day trading, a decline of 87% from the average daily volume of 12,156,285 shares. The stock had previously closed at $112.95.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on DIS. Morgan Stanley upped their price target on shares of Walt Disney from $110.00 to $135.00 and gave the company an “overweight” rating in a report on Monday, March 4th. Macquarie increased their price target on Walt Disney from $94.00 to $104.00 and gave the stock a “neutral” rating in a report on Thursday, February 8th. Deutsche Bank Aktiengesellschaft dropped their price objective on Walt Disney from $115.00 to $110.00 and set a “buy” rating for the company in a report on Wednesday, February 7th. UBS Group increased their target price on Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, March 27th. Finally, Tigress Financial reissued a “buy” rating and set 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-two have given a buy rating to the stock. Based on data from MarketBeat.com, Walt Disney presently has an average rating of “Moderate Buy” and a consensus price target of $124.54.

Walt Disney Stock Up 1.3 %

The company has a market cap of $209.94 billion, a P/E ratio of 70.14, a P/E/G ratio of 1.65 and a beta of 1.42. The company has a quick ratio of 0.77, a current ratio of 0.84 and a debt-to-equity ratio of 0.39. The business’s 50 day moving average is $113.30 and its 200 day moving average is $97.91.

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

Walt Disney Cuts Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Thursday, July 25th. Stockholders of record on Monday, July 8th will be issued a dividend of $0.45 per share. This represents a dividend yield of 0.5%. The ex-dividend date is Monday, July 8th. Walt Disney’s dividend payout ratio (DPR) is presently 18.52%.

Insider Activity

In other news, EVP Sonia L. Coleman sold 1,857 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $121.92, for a total transaction of $226,405.44. Following the sale, the executive vice president now directly owns 4,400 shares of the company’s stock, valued at $536,448. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.10% of the company’s stock.

Institutional Investors Weigh In On Walt Disney

Several hedge funds have recently added to or reduced their stakes in DIS. Trian Fund Management L.P. boosted its stake in shares of Walt Disney by 411.6% during the 3rd quarter. Trian Fund Management L.P. now owns 32,868,307 shares of the entertainment giant’s stock worth $2,663,976,000 after acquiring an additional 26,443,257 shares in the last quarter. Moneta Group Investment Advisors LLC boosted its stake in shares of Walt Disney by 109,924.5% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 23,666,275 shares of the entertainment giant’s stock worth $2,056,126,000 after acquiring an additional 23,644,765 shares in the last quarter. Norges Bank purchased a new stake in shares of Walt Disney during the 4th quarter worth about $1,938,647,000. Morgan Stanley boosted its stake in shares of Walt Disney by 13.5% during the 4th quarter. Morgan Stanley now owns 46,172,567 shares of the entertainment giant’s stock worth $4,011,473,000 after acquiring an additional 5,499,014 shares in the last quarter. Finally, ValueAct Holdings L.P. purchased a new stake in shares of Walt Disney during the 4th quarter worth about $459,245,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

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.