Walt Disney (NYSE:DIS) Shares Down 1% – Here’s What Happened

by · The Markets Daily

The Walt Disney Company (NYSE:DIS – Get Free Report) was down 1% on Monday . The company traded as low as $108.55 and last traded at $110.43. Approximately 13,778,346 shares were traded during mid-day trading, an increase of 43% from the average daily volume of 9,643,843 shares. The stock had previously closed at $111.60.

Analyst Ratings Changes

Several research firms recently issued reports on DIS. Wells Fargo & Company dropped their price target on Walt Disney from $159.00 to $152.00 and set an “overweight” rating on the stock in a research report on Friday, November 14th. Cowen reissued a “hold” rating on shares of Walt Disney in a report on Friday, November 14th. Citigroup reaffirmed a “positive” rating on shares of Walt Disney in a report on Friday, November 14th. KeyCorp reaffirmed a “sector weight” rating on shares of Walt Disney in a research report on Friday, November 14th. Finally, Wall Street Zen lowered shares of Walt Disney from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Eighteen investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $134.41.

View Our Latest Analysis on DIS

Walt Disney Stock Down 1.0%

The firm’s 50 day simple moving average is $109.24 and its 200 day simple moving average is $114.63. The company has a market cap of $197.15 billion, a price-to-earnings ratio of 16.10, a price-to-earnings-growth ratio of 1.54 and a beta of 1.49. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.31.

Walt Disney (NYSE:DIS – Get Free Report) last issued its quarterly earnings data on Thursday, November 13th. The entertainment giant reported $1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.08. Walt Disney had a return on equity of 9.37% and a net margin of 13.14%.The business had revenue of $22.46 billion during the quarter, compared to analyst estimates of $22.78 billion. During the same period in the prior year, the company posted $1.14 EPS. The business’s revenue for the quarter was down .5% compared to the same quarter last year. Sell-side analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Walt Disney Announces Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Tuesday, June 30th will be issued a dividend of $0.75 per share. This represents a dividend yield of 139.0%. The ex-dividend date of this dividend is Tuesday, June 30th. Walt Disney’s dividend payout ratio (DPR) is 14.58%.

Hedge Funds Weigh In On Walt Disney

Several large investors have recently bought and sold shares of the stock. Copeland Capital Management LLC acquired a new stake in Walt Disney in the third quarter worth approximately $25,000. DiNuzzo Private Wealth Inc. raised its stake in shares of Walt Disney by 82.5% in the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock worth $26,000 after buying an additional 94 shares in the last quarter. Strengthening Families & Communities LLC bought a new stake in shares of Walt Disney in the 3rd quarter worth $29,000. JPL Wealth Management LLC acquired a new stake in shares of Walt Disney in the third quarter valued at $30,000. Finally, Pilgrim Partners Asia Pte Ltd bought a new position in Walt Disney during the third quarter valued at about $33,000. 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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