Walt Disney (NYSE:DIS) Stock Price Down 7% – Should You Sell?

The Walt Disney Company (NYSE:DIS) shares were down 7% on Thursday . The stock traded as low as $91.00 and last traded at $91.05. Approximately 5,679,036 shares traded hands during trading, a decline of 42% from the average daily volume of 9,767,478 shares. The stock had previously closed at $97.88.

Analyst Ratings Changes

A number of brokerages have recently commented on DIS. Prescient Securities cut their price objective on shares of Walt Disney from $130.00 to $115.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 4th. Morgan Stanley increased their price objective 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. 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. Citigroup reissued a “buy” rating and set a $125.00 price target on shares of Walt Disney in a research report on Wednesday, January 22nd. Finally, The Goldman Sachs Group boosted their price target on Walt Disney from $137.00 to $139.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. Six equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $125.33.

Walt Disney Stock Performance

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 company has a fifty day moving average of $105.68 and a two-hundred day moving average of $105.11. The firm has a market capitalization of $150.99 billion, a price-to-earnings ratio of 27.21, a PEG ratio of 1.80 and a beta of 1.44.

Walt Disney (NYSE:DIS) last posted its 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%. As a group, equities research analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Institutional Trading of Walt Disney

Institutional investors have recently bought and sold shares of the business. Moody National Bank Trust Division increased its holdings in shares of Walt Disney by 0.9% during the first quarter. Moody National Bank Trust Division now owns 22,599 shares of the entertainment giant’s stock worth $2,231,000 after purchasing an additional 203 shares during the period. Agate Pass Investment Management LLC grew its position in Walt Disney by 6.4% during the first quarter. Agate Pass Investment Management LLC now owns 13,507 shares of the entertainment giant’s stock worth $1,333,000 after buying an additional 815 shares in the last quarter. Legacy Private Trust Co. increased its stake in Walt Disney by 24.5% during the 1st quarter. Legacy Private Trust Co. now owns 18,321 shares of the entertainment giant’s stock worth $1,808,000 after acquiring an additional 3,609 shares during the period. Central Pacific Bank Trust Division lifted its position in shares of Walt Disney by 21.2% during the 1st quarter. Central Pacific Bank Trust Division now owns 23,572 shares of the entertainment giant’s stock valued at $2,327,000 after acquiring an additional 4,125 shares during the period. Finally, Versant Capital Management Inc lifted its position in shares of Walt Disney by 70.6% during the 1st quarter. Versant Capital Management Inc now owns 6,257 shares of the entertainment giant’s stock valued at $618,000 after acquiring an additional 2,589 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.