Walt Disney (NYSE:DIS) Shares Down 2.2% – Here’s Why

The Walt Disney Company (NYSE:DIS)’s stock price traded down 2.2% during trading on Monday . The company traded as low as $101.89 and last traded at $101.96. 14,907,641 shares changed hands during trading, an increase of 56% from the average session volume of 9,555,365 shares. The stock had previously closed at $104.28.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. KeyCorp reissued a “sector weight” rating on shares of Walt Disney in a report on Friday, November 14th. Raymond James Financial reissued a “market perform” rating on shares of Walt Disney in a research note on Friday, November 14th. Wells Fargo & Company decreased their price target on shares of Walt Disney from $159.00 to $152.00 and set an “overweight” rating on the stock in a research note on Friday, November 14th. Cowen reissued a “hold” rating on shares of Walt Disney in a research report on Friday, November 14th. Finally, Stephens reissued a “buy” rating on shares of Walt Disney in a research note on Monday, August 11th. Eighteen analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $134.41.

Walt Disney Stock Performance

The company’s fifty day moving average price is $111.28 and its two-hundred day moving average price is $115.09. 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 has a market capitalization of $182.03 billion, a PE ratio of 15.98, a price-to-earnings-growth ratio of 1.45 and a beta of 1.55.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Thursday, November 13th. The entertainment giant reported $1.11 EPS for the quarter, topping the consensus estimate of $1.03 by $0.08. The firm had revenue of $22.46 billion during the quarter, compared to analyst estimates of $22.78 billion. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. Walt Disney’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.14 earnings per share. As a group, equities analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current year.

Walt Disney Dividend Announcement

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

Hedge Funds Weigh In On Walt Disney

Large investors have recently modified their holdings of the company. Copeland Capital Management LLC acquired a new stake in Walt Disney during the 3rd quarter worth approximately $25,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in Walt Disney during the first quarter worth approximately $26,000. DiNuzzo Private Wealth Inc. increased its position in shares of Walt Disney by 82.5% in the second quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock worth $26,000 after acquiring an additional 94 shares in the last quarter. Strengthening Families & Communities LLC purchased a new position in shares of Walt Disney in the 3rd quarter valued at $29,000. Finally, JPL Wealth Management LLC acquired a new position in shares of Walt Disney during the 3rd quarter valued at $30,000. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

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.