Walt Disney (NYSE:DIS) Shares Down 2% – Time to Sell?

The Walt Disney Company (NYSE:DIS)’s stock price traded down 2% on Friday . The stock traded as low as $98.30 and last traded at $98.48. 1,585,824 shares were traded during trading, a decline of 83% from the average session volume of 9,450,755 shares. The stock had previously closed at $100.45.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on DIS shares. Macquarie reaffirmed a “neutral” rating and issued a $110.00 target price on shares of Walt Disney in a report on Monday, January 6th. Rosenblatt Securities reissued a “buy” rating and set a $135.00 target price on shares of Walt Disney in a report on Monday, February 10th. Loop Capital raised their price target on Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday, March 4th. The Goldman Sachs Group upped their price objective on shares of Walt Disney from $137.00 to $139.00 and gave the company a “buy” rating in a report on Tuesday, February 4th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $130.00 price objective on shares of Walt Disney in a research report on Wednesday, February 5th. Six investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Walt Disney currently has a consensus rating of “Moderate Buy” and an average price target of $125.64.

Walt Disney Price Performance

The business has a 50-day moving average of $107.49 and a two-hundred day moving average of $105.01. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36. The firm has a market cap of $177.33 billion, a P/E ratio of 31.97, a price-to-earnings-growth ratio of 1.80 and a beta of 1.41.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.44 by $0.32. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. On average, sell-side analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Institutional Trading of Walt Disney

A number of institutional investors and hedge funds have recently bought and sold shares of DIS. Mpwm Advisory Solutions LLC acquired a new stake in shares of Walt Disney during the fourth quarter worth $27,000. FPC Investment Advisory Inc. bought a new stake in Walt Disney during the fourth quarter valued at $28,000. Tacita Capital Inc grew its holdings in Walt Disney by 93.2% during the 4th quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant’s stock worth $29,000 after acquiring an additional 124 shares during the period. Pilgrim Partners Asia Pte Ltd bought a new position in shares of Walt Disney in the 4th quarter worth about $32,000. Finally, Midwest Capital Advisors LLC acquired a new position in shares of Walt Disney in the 4th quarter valued at about $34,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

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.