JPMorgan Chase & Co. Issues Positive Forecast for Walt Disney (NYSE:DIS) Stock Price

Key Points

• JPMorgan Chase & Co. raised its price target for Walt Disney (NYSE:DIS) from $130.00 to $138.00, indicating a potential upside of 15.28% from its current price.
• Multiple research firms have issued positive ratings on Disney's stock, with Citigroup setting a target of $140.00 and Jefferies Financial Group upgrading their rating and target to $144.00.
• Walt Disney reported a 7.0% increase in revenue year-over-year for its latest quarter, with earnings per share of $1.45, exceeding analysts' expectations.

Walt Disney (NYSE:DIS - Get Free Report) had its price target lifted by analysts at JPMorgan Chase & Co. from $130.00 to $138.00 in a research report issued on Tuesday,Briefing.com Automated Import reports. The firm currently has an "overweight" rating on the entertainment giant's stock. JPMorgan Chase & Co.'s target price would suggest a potential upside of 15.28% from the stock's current price.

Several other research analysts also recently commented on the stock. Loop Capital raised their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a report on Tuesday, June 10th. Citigroup lifted their price target on Walt Disney from $125.00 to $140.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Jefferies Financial Group upgraded Walt Disney from a "hold" rating to a "buy" rating and boosted their price objective for the company from $100.00 to $144.00 in a research note on Monday, June 30th. Needham & Company LLC restated a "buy" rating and issued a $125.00 target price on shares of Walt Disney in a research note on Thursday, May 8th. Finally, Wall Street Zen cut Walt Disney from a "strong-buy" rating to a "buy" rating in a research report on Sunday, July 20th. Five equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $128.70.

Walt Disney Stock Performance

NYSE:DIS traded down $0.66 during trading hours on Tuesday, reaching $119.71. The stock had a trading volume of 1,014,285 shares, compared to its average volume of 9,758,418. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.61 and a current ratio of 0.67. The stock has a market cap of $215.21 billion, a P/E ratio of 24.48, a price-to-earnings-growth ratio of 1.78 and a beta of 1.56. Walt Disney has a 12-month low of $80.10 and a 12-month high of $124.69. The stock has a 50 day simple moving average of $118.13 and a 200 day simple moving average of $107.42.

Walt Disney (NYSE:DIS - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The entertainment giant reported $1.45 EPS for the quarter, beating the consensus estimate of $1.21 by $0.24. The business had revenue of $23.62 billion for the quarter, compared to the consensus estimate of $23.15 billion. Walt Disney had a net margin of 9.47% and a return on equity of 9.99%. The company's revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.21 earnings per share. On average, research analysts forecast that Walt Disney will post 5.47 EPS for the current fiscal year.

Insider Buying and Selling

In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of the firm's stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $110.84, for a total transaction of $110,840.00. Following the sale, the executive vice president owned 46,831 shares in the company, valued at $5,190,748.04. This trade represents a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.16% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Walt Disney

Several institutional investors have recently modified their holdings of DIS. Brighton Jones LLC grew its stake in shares of Walt Disney by 7.7% during the fourth quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant's stock valued at $2,980,000 after buying an additional 1,904 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of Walt Disney by 5.6% during the fourth quarter. Wellington Management Group LLP now owns 8,665,066 shares of the entertainment giant's stock valued at $964,855,000 after purchasing an additional 462,403 shares during the period. AIA Group Ltd grew its holdings in shares of Walt Disney by 48.1% in the fourth quarter. AIA Group Ltd now owns 15,786 shares of the entertainment giant's stock worth $1,758,000 after purchasing an additional 5,129 shares during the last quarter. Summit Financial LLC raised its holdings in Walt Disney by 13.7% during the 4th quarter. Summit Financial LLC now owns 34,099 shares of the entertainment giant's stock valued at $3,813,000 after buying an additional 4,103 shares during the last quarter. Finally, StoneX Group Inc. bought a new stake in Walt Disney in the 4th quarter worth $1,266,000. 65.71% of the stock is currently owned by institutional investors.

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.

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