Disney stock- After an analyst downgrades it, Walt Disney’s shares decrease by 0.6%

Disney stock– The Walt Disney Company (NYSE: DIS) saw its stock price decline by 0.6% during mid-day trading on Tuesday, following a decision by Moffett Nathanson to revise their price target for the stock down from $130.00 to $125.00. Despite maintaining a buy rating on the stock, Moffett Nathanson’s adjustment contributed to the decrease in investor confidence. Walt Disney shares reached a low of $97.10 and were last traded at $97.45. During the trading session, 2,855,348 shares changed hands, marking a 75% decrease from the average daily volume of 11,449,450 shares. The stock had closed at $98.04 in the previous session.

Walt Disney has been the subject of numerous research reports recently. UBS Group lowered their price target on Walt Disney from $140.00 to $130.00 and maintained a ‘buy’ rating in a report published on Wednesday, May 8th.

Raymond James raised their price target on Walt Disney from $112.00 to $128.00 and assigned an ‘outperform’ rating in a report released on Tuesday, March 26th. Daiwa Capital Markets reaffirmed a ‘buy’ rating with a $133.00 target price for Walt Disney shares in a note on Monday, April 1st. Guggenheim increased their target price on Walt Disney from $125.00 to $140.00 and also gave the company a ‘buy’ rating in a report on Wednesday, April 3rd. Additionally, Needham & Company LLC reiterated a ‘buy’ rating and set a $145.00 target price for Walt Disney shares in a report on Tuesday, May 7th.

Currently, one equity research analyst has assigned a sell rating, three have recommended holding the stock, and twenty-three analysts have given a buy rating. According to MarketBeat.com, the stock currently holds a consensus rating of ‘Moderate Buy’ with a consensus price target of $126.44.

Insiders Make Their Moves

In recent developments, EVP Sonia L. Coleman sold 4,400 shares of the company’s stock on Thursday, May 9th, at an average price of $106.00 per share, amounting to a total of $466,400.00. This transaction was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this hyperlink.

Additionally, Director James P. Gorman purchased 20,000 shares of the company’s stock on Wednesday, May 8th, at an average price of $106.03 per share, totaling $2,120,600.00. Following this acquisition, the director now holds 20,467 shares directly in the company, valued at approximately $2,170,116.01. Details of this purchase can be found here.

It’s noteworthy that corporate insiders now collectively hold 0.10% of the company’s stock.

Candid Insights from Hedge Funds on Walt Disney

A variety of hedge funds and other institutional investors have recently adjusted their holdings in Walt Disney. Planned Solutions Inc. initiated a new position during the 4th quarter, acquiring shares valued at approximately $26,000. Similarly, Gold Investment Management Ltd. entered the market during the same period with a stake valued around $28,000. Fortis Group Advisors LLC also joined in the 3rd quarter, purchasing shares valued at about $30,000.

Stone House Investment Management LLC significantly increased its holdings in Walt Disney by 355.3% during the 4th quarter. They now hold 346 shares of the entertainment giant’s stock, valued at $31,000 after acquiring an additional 270 shares during that period. Additionally, ESL Trust Services LLC initiated a new stake in the 1st quarter, valued at approximately $31,000.

Currently, hedge funds and other institutional investors own approximately 65.71% of Walt Disney’s outstanding shares, reflecting significant interest and confidence in the company’s future prospects.

Performance Analysis of Walt Disney’s Stock Price

The Walt Disney Company currently boasts a market capitalization of $178.62 billion, with a PE ratio of 106.50 and a PEG ratio of 1.23, indicating its growth potential relative to earnings. The company also has a beta of 1.40, reflecting its volatility compared to the market. Its fifty-day moving average stands at $104.48, while the two-hundred day moving average is slightly higher at $104.77.

In terms of financial health, Walt Disney reports a current ratio of 0.75 and a quick ratio of 0.69, indicating its ability to cover short-term liabilities. The debt-to-equity ratio stands at 0.38, highlighting its balanced approach to financing.

Regarding recent financial performance, Walt Disney released its quarterly earnings data on Tuesday, May 7th. The entertainment giant reported earnings per share of $1.21 for the quarter, surpassing the consensus estimate of $1.12 by $0.09. The company achieved a return on equity of 8.37% and a net margin of 1.90%. Despite slightly missing analysts’ revenue expectations of $22.12 billion, Walt Disney still generated $22.08 billion in revenue during the quarter, marking a 1.2% increase from the same period last year when it reported $0.93 EPS.

Looking ahead, research analysts anticipate that The Walt Disney Company will achieve earnings per share of 4.76 for the current fiscal year, reflecting optimism about its future performance.

For the latest in crypto updates, keep tabs on Crypto Data Space.