Walt Disney (NYSE:DIS) Shares Down 1.5% on Analyst Downgrade

The Walt Disney Company (NYSE:DIS) shares traded down 1.5% on Wednesday after UBS Group lowered their price target on the stock from $130.00 to $105.00. UBS Group currently has a buy rating on the stock. Walt Disney traded as low as $83.02 and last traded at $83.71. 2,466,777 shares changed hands during trading, a decline of 75% from the average session volume of 9,727,514 shares. The stock had previously closed at $85.01.

Other equities analysts have also recently issued research reports about the company. Redburn Atlantic upgraded Walt Disney from a “neutral” rating to a “buy” rating and raised their price target for the company from $100.00 to $147.00 in a report on Tuesday, January 7th. Prescient Securities cut their target price on shares of Walt Disney from $130.00 to $115.00 and set a “neutral” rating for the company in a report on Tuesday, February 4th. Barclays decreased their price target on shares of Walt Disney from $125.00 to $115.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. Citigroup reissued a “buy” rating and issued a $125.00 price objective on shares of Walt Disney in a research note on Wednesday, January 22nd. Finally, Rosenblatt Securities restated a “buy” rating and set a $135.00 target price on shares of Walt Disney in a research report on Monday, February 10th. Six equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $124.48.

Hedge Funds Weigh In On Walt Disney

Several large investors have recently modified their holdings of DIS. Mpwm Advisory Solutions LLC acquired a new position in Walt Disney during the 4th quarter worth about $27,000. FPC Investment Advisory Inc. acquired a new stake in shares of Walt Disney during the fourth quarter worth about $28,000. Tacita Capital Inc boosted its stake in shares of Walt Disney by 93.2% in the fourth quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant’s stock valued at $29,000 after purchasing an additional 124 shares during the period. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Walt Disney in the fourth quarter valued at approximately $32,000. Finally, Midwest Capital Advisors LLC purchased a new stake in Walt Disney during the 4th quarter worth approximately $34,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Stock Performance

The stock’s fifty day simple moving average is $99.72 and its 200-day simple moving average is $104.39. The company has a market capitalization of $153.21 billion, a price-to-earnings ratio of 27.61, a price-to-earnings-growth ratio of 1.80 and a beta of 1.44. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 EPS 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%. Analysts predict that The Walt Disney Company will post 5.47 EPS 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.