Walt Disney (NYSE:DIS) Shares Up 0.4% – Should You Buy?

The Walt Disney Company (NYSE:DIS)’s stock price was up 0.4% during mid-day trading on Tuesday . The stock traded as high as $113.40 and last traded at $113.06. Approximately 1,362,690 shares were traded during trading, a decline of 86% from the average daily volume of 9,994,780 shares. The stock had previously closed at $112.66.

Analyst Ratings Changes

Several brokerages have recently weighed in on DIS. Rosenblatt Securities reiterated a “buy” rating and issued a $135.00 price target on shares of Walt Disney in a research report on Monday, February 10th. Guggenheim decreased their price target on Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday, May 8th. UBS Group raised their price objective on shares of Walt Disney from $105.00 to $120.00 and gave the company a “buy” rating in a research report on Thursday, May 8th. Prescient Securities decreased their target price on shares of Walt Disney from $130.00 to $115.00 and set a “neutral” rating on the stock in a report on Tuesday, February 4th. Finally, Citigroup reissued a “buy” rating and issued a $125.00 price target on shares of Walt Disney in a report on Wednesday, January 22nd. Six 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.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $123.54.

Walt Disney Stock Performance

The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36. The company has a fifty day moving average price of $94.90 and a 200 day moving average price of $104.90. The stock has a market cap of $202.26 billion, a PE ratio of 36.50, a P/E/G ratio of 1.80 and a beta of 1.49.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.24. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. The business had revenue of $23.62 billion for the quarter, compared to analysts’ expectations of $23.15 billion. During the same quarter in the previous year, the business posted $1.21 earnings per share. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. Analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current year.

Insiders Place Their Bets

In related news, EVP Brent Woodford sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total value of $110,840.00. Following the completion of the transaction, the executive vice president now directly owns 46,831 shares in the company, valued at $5,190,748.04. The trade was a 2.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.16% of the company’s stock.

Hedge Funds Weigh In On Walt Disney

Several hedge funds and other institutional investors have recently bought and sold shares of DIS. Norges Bank purchased a new stake in shares of Walt Disney during the 4th quarter valued at about $2,415,427,000. Nuveen LLC purchased a new position in Walt Disney during the first quarter valued at $1,353,607,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in shares of Walt Disney by 1,900.0% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 5,735,961 shares of the entertainment giant’s stock worth $638,699,000 after buying an additional 5,449,158 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in Walt Disney by 75.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 10,858,108 shares of the entertainment giant’s stock worth $1,209,050,000 after acquiring an additional 4,680,930 shares during the period. Finally, Jennison Associates LLC increased its stake in shares of Walt Disney by 23.4% in the fourth quarter. Jennison Associates LLC now owns 19,197,463 shares of the entertainment giant’s stock worth $2,137,637,000 after purchasing an additional 3,636,742 shares in the last quarter. 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.