Walt Disney (NYSE:DIS) Downgraded by StockNews.com

Walt Disney (NYSE:DISGet Rating) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a report issued on Thursday.

DIS has been the topic of several other reports. Moffett Nathanson decreased their price target on shares of Walt Disney from $165.00 to $150.00 and set a “neutral” rating on the stock in a research note on Monday, March 7th. Rosenblatt Securities started coverage on shares of Walt Disney in a research report on Tuesday, April 19th. They set a “buy” rating and a $177.00 target price for the company. Wells Fargo & Company decreased their price target on shares of Walt Disney from $182.00 to $153.00 in a research note on Thursday. Citigroup cut their price target on shares of Walt Disney from $210.00 to $200.00 and set a “buy” rating on the stock in a report on Thursday, February 17th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Walt Disney from $200.00 to $175.00 and set an “overweight” rating on the stock in a report on Tuesday, April 19th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $177.38.

DIS traded down $0.90 on Thursday, reaching $104.31. 35,901,568 shares of the company traded hands, compared to its average volume of 12,973,817. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.10 and a quick ratio of 1.05. The company has a market cap of $189.91 billion, a price-to-earnings ratio of 62.09, a PEG ratio of 1.08 and a beta of 1.21. Walt Disney has a 52-week low of $99.47 and a 52-week high of $187.58. The stock’s 50 day moving average price is $127.88 and its 200-day moving average price is $144.31.

Walt Disney (NYSE:DISGet Rating) last announced its quarterly earnings data on Wednesday, May 11th. The entertainment giant reported $1.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.21 by ($0.13). Walt Disney had a net margin of 4.22% and a return on equity of 6.26%. During the same quarter last year, the firm posted $0.79 earnings per share. As a group, equities research analysts forecast that Walt Disney will post 4.49 earnings per share for the current fiscal year.

In other news, EVP Brent Woodford sold 226 shares of the stock in a transaction on Thursday, March 10th. The stock was sold at an average price of $132.50, for a total value of $29,945.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.10% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. GeoWealth Management LLC purchased a new position in Walt Disney during the 3rd quarter worth $25,000. Syverson Strege & Co raised its holdings in shares of Walt Disney by 384.8% during the fourth quarter. Syverson Strege & Co now owns 160 shares of the entertainment giant’s stock valued at $25,000 after acquiring an additional 127 shares during the last quarter. Clear Perspectives Financial Planning LLC grew its position in shares of Walt Disney by 126.3% in the first quarter. Clear Perspectives Financial Planning LLC now owns 181 shares of the entertainment giant’s stock valued at $25,000 after purchasing an additional 101 shares in the last quarter. Sandy Cove Advisors LLC purchased a new stake in shares of Walt Disney in the fourth quarter valued at approximately $27,000. Finally, Roble Belko & Company Inc grew its position in shares of Walt Disney by 96.2% in the first quarter. Roble Belko & Company Inc now owns 206 shares of the entertainment giant’s stock valued at $28,000 after purchasing an additional 101 shares in the last quarter. Institutional investors and hedge funds own 64.17% of the company’s stock.

About Walt Disney (Get Rating)

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. It operates through two segments, Disney Media and Entertainment Distribution; and Disney Parks, Experiences and Products. The company engages in the film and episodic television content production and distribution activities, as well as operates television broadcast networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic, and Star brands; and studios that produces motion pictures under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar, and Searchlight Pictures banners.

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