Walt Disney (NYSE:DIS) Stock Price Down 1.6% After Analyst Downgrade

The Walt Disney Company (NYSE:DIS) shares dropped 1.6% during trading on Monday after Morgan Stanley lowered their price target on the stock from $130.00 to $110.00. Morgan Stanley currently has an overweight rating on the stock. Walt Disney traded as low as $86.42 and last traded at $88.10. Approximately 6,054,422 shares were traded during mid-day trading, a decline of 46% from the average daily volume of 11,294,806 shares. The stock had previously closed at $89.57.

A number of other analysts also recently issued reports on DIS. Loop Capital cut their price objective on Walt Disney from $139.00 to $130.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. Barclays lowered their price objective on shares of Walt Disney from $135.00 to $130.00 and set an “overweight” rating for the company in a research report on Wednesday, May 8th. Moffett Nathanson cut their target price on Walt Disney from $130.00 to $125.00 and set a “buy” rating on the stock in a research report on Tuesday, July 2nd. Redburn Atlantic upgraded Walt Disney from a “sell” rating to a “neutral” rating and set a $100.00 price target for the company in a research report on Tuesday, May 21st. Finally, Evercore ISI cut their price objective on Walt Disney from $130.00 to $128.00 and set an “outperform” rating on the stock in a report on Wednesday, May 8th. Three research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. According to data from MarketBeat, Walt Disney currently has an average rating of “Moderate Buy” and an average price target of $127.08.

Insider Buying and Selling at Walt Disney

In other news, EVP Sonia L. Coleman sold 4,400 shares of the stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $106.00, for a total value of $466,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Walt Disney

Institutional investors and hedge funds have recently made changes to their positions in the business. Eastern Bank raised its position in Walt Disney by 5.5% during the 4th quarter. Eastern Bank now owns 9,633 shares of the entertainment giant’s stock worth $870,000 after buying an additional 500 shares during the last quarter. Turtle Creek Wealth Advisors LLC acquired a new stake in Walt Disney in the fourth quarter valued at about $169,000. Sequoia Financial Advisors LLC lifted its position in Walt Disney by 74.3% in the fourth quarter. Sequoia Financial Advisors LLC now owns 60,250 shares of the entertainment giant’s stock valued at $5,441,000 after purchasing an additional 25,681 shares during the period. Toth Financial Advisory Corp boosted its stake in shares of Walt Disney by 2.9% in the fourth quarter. Toth Financial Advisory Corp now owns 54,367 shares of the entertainment giant’s stock valued at $4,909,000 after buying an additional 1,532 shares in the last quarter. Finally, Hemington Wealth Management lifted its holdings in Walt Disney by 17.5% in the fourth quarter. Hemington Wealth Management now owns 6,213 shares of the entertainment giant’s stock valued at $561,000 after acquiring an additional 925 shares during the period. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Stock Up 2.5 %

The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.69 and a current ratio of 0.75. The company has a market capitalization of $164.02 billion, a PE ratio of 97.79, a price-to-earnings-growth ratio of 1.15 and a beta of 1.40. The firm’s 50-day simple moving average is $98.12 and its 200 day simple moving average is $105.40.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Tuesday, May 7th. The entertainment giant reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. The firm had revenue of $22.08 billion for the quarter, compared to the consensus estimate of $22.12 billion. Walt Disney had a net margin of 1.90% and a return on equity of 8.37%. The firm’s revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.93 earnings per share. As a group, equities research analysts forecast that The Walt Disney Company will post 4.77 earnings per share for the current year.

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.