Walt Disney (NYSE:DIS) Shares Gap Down to $116.47

The Walt Disney Company (NYSE:DIS)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $116.47, but opened at $107.25. Walt Disney shares last traded at $106.99, with a volume of 12,844,189 shares traded.

Analyst Ratings Changes

DIS has been the topic of a number of research analyst reports. Loop Capital upped their price target on shares of Walt Disney from $113.00 to $140.00 and gave the stock a “buy” rating in a report on Monday. Tigress Financial reaffirmed a “buy” rating and set a $136.00 target price on shares of Walt Disney in a research report on Wednesday, February 21st. Wells Fargo & Company boosted their price target on Walt Disney from $128.00 to $141.00 and gave the company an “overweight” rating in a report on Tuesday, April 23rd. JPMorgan Chase & Co. assumed coverage on Walt Disney in a report on Thursday, April 11th. They set an “overweight” rating and a $140.00 price objective on the stock. Finally, UBS Group lowered their target price on Walt Disney from $140.00 to $130.00 and set a “buy” rating for the company in a report on Wednesday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $126.46.

Walt Disney Stock Up 0.3 %

The company has a 50-day moving average of $114.48 and a 200-day moving average of $101.24. The company has a current ratio of 0.84, a quick ratio of 0.77 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $194.07 billion, a price-to-earnings ratio of 115.00, a price-to-earnings-growth ratio of 1.39 and a beta of 1.40.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. The business had revenue of $22.08 billion for the quarter, compared to analyst estimates of $22.12 billion. Walt Disney had a return on equity of 7.88% and a net margin of 3.36%. The company’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. On average, equities analysts predict that The Walt Disney Company will post 4.7 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director James P. Gorman bought 20,000 shares of Walt Disney stock in a transaction that occurred on Wednesday, May 8th. The stock was bought at an average price of $106.03 per share, for a total transaction of $2,120,600.00. Following the purchase, the director now directly owns 20,467 shares of the company’s stock, valued at approximately $2,170,116.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP Sonia L. Coleman sold 4,400 shares of the company’s stock in a transaction on Thursday, May 9th. The shares were 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 SEC, which can be accessed through the SEC website. Also, Director James P. Gorman bought 20,000 shares of Walt Disney stock in a transaction that occurred on Wednesday, May 8th. The shares were acquired at an average cost of $106.03 per share, with a total value of $2,120,600.00. Following the acquisition, the director now owns 20,467 shares of the company’s stock, valued at $2,170,116.01. The disclosure for this purchase can be found here. 0.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Walt Disney

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DIS. Forum Financial Management LP boosted its stake in shares of Walt Disney by 33.1% in the first quarter. Forum Financial Management LP now owns 23,449 shares of the entertainment giant’s stock worth $2,869,000 after buying an additional 5,831 shares during the last quarter. Great Lakes Retirement Inc. purchased a new stake in Walt Disney in the 1st quarter worth approximately $615,000. Brighton Jones LLC grew its stake in shares of Walt Disney by 0.6% during the 1st quarter. Brighton Jones LLC now owns 26,298 shares of the entertainment giant’s stock worth $3,218,000 after purchasing an additional 145 shares during the period. Trillium Asset Management LLC increased its holdings in shares of Walt Disney by 0.3% during the 1st quarter. Trillium Asset Management LLC now owns 99,263 shares of the entertainment giant’s stock valued at $12,146,000 after purchasing an additional 295 shares in the last quarter. Finally, Leo Wealth LLC lifted its stake in shares of Walt Disney by 28.5% in the 1st quarter. Leo Wealth LLC now owns 4,966 shares of the entertainment giant’s stock valued at $605,000 after purchasing an additional 1,101 shares during the period. 65.71% of the stock is owned by institutional investors and hedge funds.

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.