Walt Disney (NYSE:DIS - Get Free Report) had its price target decreased by Guggenheim from $130.00 to $120.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has a "buy" rating on the entertainment giant's stock. Guggenheim's price objective points to a potential upside of 8.58% from the stock's previous close.
Other analysts also recently issued research reports about the company. The Goldman Sachs Group boosted their price objective on Walt Disney from $137.00 to $139.00 and gave the company a "buy" rating in a research report on Tuesday, February 4th. Prescient Securities lowered their target price on Walt Disney from $130.00 to $115.00 and set a "neutral" rating on the stock in a report on Tuesday, February 4th. Morgan Stanley raised their price objective on Walt Disney from $125.00 to $130.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Wolfe Research upgraded Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price target for the company in a report on Monday, April 21st. Finally, UBS Group reduced their price objective on Walt Disney from $130.00 to $105.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. Six research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $123.54.
Read Our Latest Research Report on Walt Disney
Walt Disney Stock Performance
Shares of NYSE:DIS traded up $4.57 on Thursday, hitting $110.51. The company had a trading volume of 18,360,215 shares, compared to its average volume of 10,039,033. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36. The stock has a 50 day moving average price of $93.86 and a 200 day moving average price of $104.22. Walt Disney has a 1-year low of $80.10 and a 1-year high of $118.63. The stock has a market cap of $199.79 billion, a price-to-earnings ratio of 36.00, a P/E/G ratio of 1.80 and a beta of 1.49.
Walt Disney (NYSE:DIS - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The entertainment giant reported $1.45 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $23.15 billion. During the same quarter last year, the firm posted $1.21 EPS. The company's quarterly revenue was up 7.0% on a year-over-year basis. Analysts expect that Walt Disney will post 5.47 EPS for the current year.
Hedge Funds Weigh In On Walt Disney
A number of hedge funds and other institutional investors have recently made changes to their positions in DIS. MJT & Associates Financial Advisory Group Inc. purchased a new stake in Walt Disney in the first quarter worth approximately $26,000. Mpwm Advisory Solutions LLC bought a new position in Walt Disney in the fourth quarter worth $27,000. Kessler Investment Group LLC increased its holdings in shares of Walt Disney by 274.0% during the first quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant's stock valued at $27,000 after acquiring an additional 200 shares in the last quarter. FPC Investment Advisory Inc. bought a new position in shares of Walt Disney during the fourth quarter valued at $28,000. Finally, Tacita Capital Inc boosted its position in shares of Walt Disney by 93.2% during the fourth quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant's stock valued at $29,000 after buying an additional 124 shares during the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.
About Walt Disney
(
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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