Walt Disney (NYSE:DIS) Stock Price Up 0.4% – Time to Buy?

The Walt Disney Company (NYSE:DIS)’s share 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. 1,362,690 shares traded hands 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

A number of research firms recently issued reports on DIS. Needham & Company LLC reiterated a “buy” rating and set a $125.00 price objective on shares of Walt Disney in a research report on Thursday, May 8th. The Goldman Sachs Group upped their target price on Walt Disney from $137.00 to $139.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th. Loop Capital raised their price objective on shares of Walt Disney from $120.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, May 8th. Citigroup reaffirmed a “buy” rating and set a $125.00 target price on shares of Walt Disney in a report on Wednesday, January 22nd. Finally, Morgan Stanley lifted their target price on shares of Walt Disney from $110.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday, May 8th. Six analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Walt Disney presently has a consensus rating of “Moderate Buy” and an average target price of $123.54.

Walt Disney Trading Down 0.1%

The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62. The firm has a market capitalization of $202.26 billion, a PE ratio of 36.50, a PEG ratio of 1.80 and a beta of 1.49. The firm’s fifty day moving average is $94.90 and its two-hundred day moving average is $104.90.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.24. The business had revenue of $23.62 billion for the quarter, compared to analyst estimates of $23.15 billion. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. Walt Disney’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period last year, the company posted $1.21 earnings per share. On average, equities analysts predict that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Insider Buying and Selling

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

Institutional Investors Weigh In On Walt Disney

A number of hedge funds have recently modified their holdings of the stock. Integrity Alliance LLC. increased its position in Walt Disney by 273.6% in the first quarter. Integrity Alliance LLC. now owns 24,873 shares of the entertainment giant’s stock worth $2,455,000 after buying an additional 18,216 shares during the last quarter. Ransom Advisory Ltd bought a new stake in Walt Disney in the 1st quarter valued at about $1,176,000. Aspen Investment Management Inc lifted its holdings in Walt Disney by 3.5% during the first quarter. Aspen Investment Management Inc now owns 2,938 shares of the entertainment giant’s stock valued at $290,000 after purchasing an additional 100 shares during the last quarter. Ilmarinen Mutual Pension Insurance Co boosted its position in Walt Disney by 4.6% during the first quarter. Ilmarinen Mutual Pension Insurance Co now owns 285,000 shares of the entertainment giant’s stock worth $28,130,000 after purchasing an additional 12,604 shares during the period. Finally, Advisory Alpha LLC increased its stake in shares of Walt Disney by 10.1% in the first quarter. Advisory Alpha LLC now owns 7,390 shares of the entertainment giant’s stock worth $729,000 after purchasing an additional 680 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.