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

The Walt Disney Company (NYSE:DIS)’s stock price traded down 1.5% during mid-day trading 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 were traded during trading, a decline of 75% from the average session volume of 9,727,514 shares. The stock had previously closed at $85.01.

Several other analysts have also issued reports on DIS. Loop Capital upped their price target on shares of Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Tuesday, March 4th. The Goldman Sachs Group increased their target price on Walt Disney from $137.00 to $139.00 and gave the company a “buy” rating in a report on Tuesday, February 4th. Needham & Company LLC restated a “buy” rating and issued a $130.00 price objective on shares of Walt Disney in a research report on Wednesday, February 5th. Citigroup reaffirmed a “buy” rating and set a $125.00 price target on shares of Walt Disney in a research report on Wednesday, January 22nd. Finally, Macquarie reissued a “neutral” rating and set a $110.00 target price on shares of Walt Disney in a research note on Monday, January 6th. Six equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $124.48.

Institutional Investors Weigh In On Walt Disney

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

Walt Disney Stock Down 1.6 %

The company’s 50 day moving average price is $100.77 and its two-hundred day moving average price is $104.67. 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 stock has a market cap of $151.16 billion, a P/E ratio of 27.27, a PEG ratio of 1.80 and a beta of 1.44.

Walt Disney (NYSE:DIS) last announced its earnings results 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%. Equities analysts forecast that The Walt Disney Company will post 5.47 earnings per share 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.