Guggenheim Issues Pessimistic Forecast for Walt Disney (NYSE:DIS) Stock Price

Walt Disney (NYSE:DIS - Get Free Report) had its price objective decreased by equities researchers at Guggenheim from $130.00 to $120.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a "buy" rating on the entertainment giant's stock. Guggenheim's price target would suggest a potential upside of 13.54% from the company's previous close.

Several other equities research analysts have also recently issued reports on the company. Citigroup reiterated a "buy" rating and issued a $125.00 price objective on shares of Walt Disney in a report on Wednesday, January 22nd. The Goldman Sachs Group boosted their price target on Walt Disney from $137.00 to $139.00 and gave the stock a "buy" rating in a research report on Tuesday, February 4th. Wolfe Research upgraded Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price objective on the stock in a report on Monday, April 21st. Barclays reduced their target price on shares of Walt Disney from $125.00 to $115.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Finally, Prescient Securities cut their price target on Walt Disney from $130.00 to $115.00 and set a "neutral" rating for the company in a report on Tuesday, February 4th. Six research 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 company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $123.33.

Walt Disney Price Performance

Shares of NYSE:DIS traded up $3.60 during midday trading on Thursday, reaching $105.69. 4,685,523 shares of the company's stock traded hands, compared to its average volume of 10,012,354. The company has a fifty day simple moving average of $94.07 and a two-hundred day simple moving average of $104.04. Walt Disney has a 1 year low of $80.10 and a 1 year high of $118.63. The company has a market cap of $191.07 billion, a P/E ratio of 34.43, a PEG ratio of 1.80 and a beta of 1.49. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68.

Walt Disney (NYSE:DIS - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share for the quarter, topping analysts' consensus estimates of $1.21 by $0.24. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. The company had revenue of $23.62 billion during the quarter, compared to analysts' expectations of $23.15 billion. During the same period in the prior year, the business posted $1.21 earnings per share. The firm's revenue for the quarter was up 7.0% on a year-over-year basis. Equities analysts predict that Walt Disney will post 5.47 EPS for the current fiscal year.

Institutional Trading of Walt Disney

Hedge funds have recently made changes to their positions in the business. Legacy Private Trust Co. raised its position in Walt Disney by 3.9% in the 4th quarter. Legacy Private Trust Co. now owns 14,712 shares of the entertainment giant's stock valued at $1,638,000 after purchasing an additional 555 shares in the last quarter. Fortitude Family Office LLC raised its holdings in Walt Disney by 4.9% in the fourth quarter. Fortitude Family Office LLC now owns 2,568 shares of the entertainment giant's stock valued at $286,000 after acquiring an additional 119 shares in the last quarter. Baker Tilly Wealth Management LLC lifted its stake in Walt Disney by 7.6% in the fourth quarter. Baker Tilly Wealth Management LLC now owns 14,804 shares of the entertainment giant's stock worth $1,648,000 after acquiring an additional 1,046 shares during the last quarter. ORG Partners LLC lifted its stake in Walt Disney by 29.7% in the fourth quarter. ORG Partners LLC now owns 2,405 shares of the entertainment giant's stock worth $268,000 after acquiring an additional 551 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in Walt Disney by 39.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 1,514,810 shares of the entertainment giant's stock worth $168,674,000 after acquiring an additional 425,012 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company's stock.

About Walt Disney

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.