Walt Disney (NYSE:DIS) Shares Down 0.1% Following Analyst Downgrade

The Walt Disney Company (NYSE:DIS)’s stock price fell 0.1% during trading on Friday after Guggenheim lowered their price target on the stock from $130.00 to $120.00. Guggenheim currently has a buy rating on the stock. Walt Disney traded as low as $104.99 and last traded at $105.00. 2,655,767 shares traded hands during mid-day trading, a decline of 73% from the average session volume of 10,020,166 shares. The stock had previously closed at $105.12.

Several other brokerages have also recently weighed in on DIS. UBS Group decreased their price objective on shares of Walt Disney from $130.00 to $105.00 and set a “buy” rating on the stock in a research note on Tuesday, April 15th. Barclays dropped their price target on Walt Disney from $125.00 to $115.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. Morgan Stanley lifted their price target on Walt Disney from $125.00 to $130.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Loop Capital increased their price target on shares of Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday, March 4th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $135.00 price objective on shares of Walt Disney in a report on Monday, February 10th. Six investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Walt Disney has a consensus rating of “Moderate Buy” and an average target price of $123.54.

Institutional Trading of Walt Disney

A number of large investors have recently added to or reduced their stakes in DIS. Trek Financial LLC boosted its position in Walt Disney by 479.9% during the fourth quarter. Trek Financial LLC now owns 36,320 shares of the entertainment giant’s stock worth $4,044,000 after purchasing an additional 30,057 shares during the period. Brookstone Capital Management grew its stake in Walt Disney by 10.5% in the 4th quarter. Brookstone Capital Management now owns 140,883 shares of the entertainment giant’s stock valued at $15,687,000 after buying an additional 13,339 shares during the last quarter. Greystone Financial Group LLC raised its holdings in Walt Disney by 13.3% in the 4th quarter. Greystone Financial Group LLC now owns 85,187 shares of the entertainment giant’s stock valued at $9,486,000 after acquiring an additional 9,967 shares during the period. Avanza Fonder AB acquired a new stake in Walt Disney during the fourth quarter worth approximately $15,125,000. Finally, FourThought Financial Partners LLC bought a new stake in shares of Walt Disney during the fourth quarter worth approximately $446,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Stock Up 0.8 %

The company has a market cap of $191.50 billion, a price-to-earnings ratio of 34.50, a P/E/G ratio of 1.80 and a beta of 1.49. The firm has a 50-day moving average price of $93.86 and a 200 day moving average price of $104.11. 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 earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.21 by $0.24. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. The company had revenue of $23.62 billion during the quarter, compared to the consensus estimate of $23.15 billion. During the same quarter last year, the firm earned $1.21 earnings per share. The company’s revenue was up 7.0% on a year-over-year basis. Sell-side analysts predict that The Walt Disney Company will post 5.47 EPS for the current year.

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.