Walt Disney (NYSE:DIS) Stock Price Down 1.7% – What’s Next?

by · The Cerbat Gem

Shares of The Walt Disney Company (NYSE:DIS – Get Free Report) traded down 1.7% on Tuesday . The stock traded as low as $104.82 and last traded at $104.9690. 8,460,543 shares changed hands during mid-day trading, a decline of 12% from the average session volume of 9,559,965 shares. The stock had previously closed at $106.77.

Wall Street Analysts Forecast Growth

DIS has been the subject of a number of analyst reports. Weiss Ratings restated a “hold (c+)” rating on shares of Walt Disney in a research report on Monday. Citigroup reissued a “positive” rating on shares of Walt Disney in a research report on Friday, November 14th. Stephens restated a “buy” rating on shares of Walt Disney in a research report on Monday, August 11th. Evercore ISI upped their price objective on shares of Walt Disney from $140.00 to $142.00 and gave the company an “outperform” rating in a research note on Friday, November 14th. Finally, Raymond James Financial reissued a “market perform” rating on shares of Walt Disney in a research note on Friday, November 14th. Eighteen research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $134.41.

Read Our Latest Stock Analysis on DIS

Walt Disney Stock Down 1.7%

The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 0.72. The firm’s 50 day moving average price is $110.26 and its two-hundred day moving average price is $114.87. The company has a market cap of $187.40 billion, a P/E ratio of 16.45, a price-to-earnings-growth ratio of 1.45 and a beta of 1.55.

Walt Disney (NYSE:DIS – Get Free Report) last issued its earnings results on Thursday, November 13th. The entertainment giant reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.08. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The business had revenue of $22.46 billion for the quarter, compared to analyst estimates of $22.78 billion. During the same period in the prior year, the firm earned $1.14 earnings per share. Walt Disney’s revenue was down .5% on a year-over-year basis. Equities research analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Walt Disney Announces Dividend

The company also recently announced a dividend, which will be paid on Wednesday, July 22nd. Investors of record on Tuesday, June 30th will be given a $0.75 dividend. This represents a yield of 139.0%. The ex-dividend date of this dividend is Tuesday, June 30th. Walt Disney’s payout ratio is presently 21.87%.

Institutional Investors Weigh In On Walt Disney

A number of hedge funds have recently added to or reduced their stakes in DIS. Allworth Financial LP increased its holdings in shares of Walt Disney by 1.7% during the third quarter. Allworth Financial LP now owns 283,652 shares of the entertainment giant’s stock valued at $32,478,000 after acquiring an additional 4,761 shares in the last quarter. Swiss Life Asset Management Ltd grew its position in Walt Disney by 11.4% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 297,932 shares of the entertainment giant’s stock valued at $34,113,000 after purchasing an additional 30,517 shares during the period. Innova Wealth Partners acquired a new stake in Walt Disney in the 3rd quarter valued at $212,000. Groupama Asset Managment increased its stake in Walt Disney by 1.8% during the 3rd quarter. Groupama Asset Managment now owns 323,739 shares of the entertainment giant’s stock valued at $37,068,000 after purchasing an additional 5,622 shares in the last quarter. Finally, RIA Advisory Group LLC raised its holdings in Walt Disney by 1.4% during the third quarter. RIA Advisory Group LLC now owns 24,362 shares of the entertainment giant’s stock worth $2,789,000 after buying an additional 347 shares during the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Company Profile

(Get Free Report)

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.

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