Walt Disney (NYSE:DIS) Shares Down 5.8% – Time to Sell?

The Walt Disney Company (NYSE:DIS)’s share price fell 5.8% on Thursday . The company traded as low as $85.80 and last traded at $86.10. 4,100,589 shares were traded during mid-day trading, a decline of 59% from the average session volume of 9,929,529 shares. The stock had previously closed at $91.44.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on DIS. Prescient Securities lowered their price objective on Walt Disney from $130.00 to $115.00 and set a “neutral” rating for the company in a research report on Tuesday, February 4th. Rosenblatt Securities restated a “buy” rating and set a $135.00 price objective on shares of Walt Disney in a research report on Monday, February 10th. 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 boosted their price target 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. Finally, The Goldman Sachs Group raised 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. Six investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $125.13.

Walt Disney Price Performance

The company has a market cap of $153.52 billion, a price-to-earnings ratio of 27.66, a PEG ratio of 1.80 and a beta of 1.44. The company has a 50-day simple moving average of $101.83 and a 200-day simple moving average of $104.75. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate 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, research analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current year.

Institutional Trading of Walt Disney

Institutional investors have recently added to or reduced their stakes in the stock. Mpwm Advisory Solutions LLC acquired a new stake in shares of Walt Disney in the 4th quarter worth approximately $27,000. FPC Investment Advisory Inc. acquired a new stake in Walt Disney in the fourth quarter valued at $28,000. Tacita Capital Inc raised its stake in shares of 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 buying an additional 124 shares during the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Walt Disney in the 4th quarter worth about $32,000. Finally, Midwest Capital Advisors LLC acquired a new stake in Walt Disney in the 4th quarter valued at about $34,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

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.