Walt Disney (NYSE:DIS) Stock Price Down 0.3% – What’s Next?

The Walt Disney Company (NYSE:DIS)’s stock price dropped 0.3% during mid-day trading on Wednesday . The company traded as low as $101.16 and last traded at $101.32. Approximately 1,126,893 shares changed hands during trading, a decline of 88% from the average daily volume of 9,485,020 shares. The stock had previously closed at $101.61.

Analysts Set New Price Targets

Several brokerages have weighed in on DIS. Macquarie reaffirmed a “neutral” rating and issued a $110.00 target price on shares of Walt Disney in a research report on Monday, January 6th. Loop Capital lifted their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Tuesday, March 4th. Morgan Stanley upped their target price on shares of Walt Disney from $125.00 to $130.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. The Goldman Sachs Group lifted their price target on Walt Disney from $137.00 to $139.00 and gave the company a “buy” rating in a report on Tuesday, February 4th. Finally, Citigroup reissued a “buy” rating and issued a $125.00 price objective on shares of Walt Disney in a report on Wednesday, January 22nd. 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $125.64.

Walt Disney Stock Performance

The firm has a fifty day moving average price of $107.76 and a 200 day moving average price of $104.95. The firm has a market capitalization of $181.69 billion, a PE ratio of 32.72, 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.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 EPS for the quarter, beating 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%. Research analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Walt Disney

Several institutional investors and hedge funds have recently added to or reduced their stakes in DIS. United Bank lifted its position in shares of Walt Disney by 6.2% in the third quarter. United Bank now owns 12,145 shares of the entertainment giant’s stock worth $1,168,000 after purchasing an additional 712 shares in the last quarter. Eagle Asset Management Inc. lifted its position in Walt Disney by 49.2% in the 3rd quarter. Eagle Asset Management Inc. now owns 15,000 shares of the entertainment giant’s stock worth $1,485,000 after buying an additional 4,947 shares in the last quarter. Horizon Kinetics Asset Management LLC boosted its stake in shares of Walt Disney by 25.7% during the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 5,704 shares of the entertainment giant’s stock valued at $549,000 after buying an additional 1,167 shares during the period. FMR LLC grew its holdings in shares of Walt Disney by 8.7% during the 3rd quarter. FMR LLC now owns 34,416,668 shares of the entertainment giant’s stock valued at $3,310,539,000 after acquiring an additional 2,765,389 shares in the last quarter. Finally, Avestar Capital LLC increased its stake in shares of Walt Disney by 4.9% in the third quarter. Avestar Capital LLC now owns 13,889 shares of the entertainment giant’s stock worth $1,336,000 after acquiring an additional 653 shares during the last quarter. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

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.