Walt Disney (NYSE:DIS) Price Target Raised to $138.00 at JPMorgan Chase & Co.

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 - Free Report) had its price target lifted by JPMorgan Chase & Co. from $130.00 to $138.00 in a research report sent to investors on Tuesday, Marketbeat Ratings reports. They currently have an overweight rating on the entertainment giant's stock.

DIS has been the topic of several other research reports. Wall Street Zen downgraded Walt Disney from a "strong-buy" rating to a "buy" rating in a research note on Sunday, July 20th. Morgan Stanley upped their price objective on Walt Disney from $110.00 to $120.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Citigroup upped their price objective on Walt Disney from $125.00 to $140.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Rosenblatt Securities upped their price objective on Walt Disney from $135.00 to $140.00 and gave the company a "buy" rating in a research note on Tuesday, June 3rd. Finally, UBS Group lifted their price objective on shares of Walt Disney from $120.00 to $138.00 and gave the company a "buy" rating in a research note on Wednesday, July 16th. Five research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $128.70.

Walt Disney Stock Down 2.1%

Shares of NYSE:DIS traded down $2.54 during mid-day trading on Tuesday, hitting $116.57. 8,509,376 shares of the company traded hands, compared to its average volume of 9,738,922. The stock has a market cap of $209.56 billion, a P/E ratio of 23.84, a P/E/G ratio of 1.75 and a beta of 1.56. The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 0.34. Walt Disney has a 12-month low of $80.10 and a 12-month high of $124.69. The stock has a 50-day moving average price of $118.62 and a two-hundred day moving average price of $107.66.

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

Insider Activity at Walt Disney

In other news, EVP Brent Woodford sold 1,000 shares of the stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total value of $110,840.00. Following the transaction, the executive vice president owned 46,831 shares of the company's stock, valued at $5,190,748.04. This represents a 2.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.16% of the stock is owned by insiders.

Institutional Investors Weigh In On Walt Disney

A number of hedge funds have recently made changes to their positions in the business. Kondo Wealth Advisors Inc. boosted its holdings in Walt Disney by 1.2% in the 2nd quarter. Kondo Wealth Advisors Inc. now owns 7,317 shares of the entertainment giant's stock valued at $904,000 after purchasing an additional 84 shares during the period. Cornerstone Advisory LLC boosted its holdings in Walt Disney by 1.5% in the 2nd quarter. Cornerstone Advisory LLC now owns 5,890 shares of the entertainment giant's stock valued at $730,000 after purchasing an additional 86 shares during the period. Physician Wealth Advisors Inc. boosted its holdings in Walt Disney by 3.5% in the 2nd quarter. Physician Wealth Advisors Inc. now owns 2,606 shares of the entertainment giant's stock valued at $323,000 after purchasing an additional 87 shares during the period. Childress Capital Advisors LLC boosted its holdings in Walt Disney by 3.3% in the 2nd quarter. Childress Capital Advisors LLC now owns 2,749 shares of the entertainment giant's stock valued at $341,000 after purchasing an additional 87 shares during the period. Finally, Apollon Financial LLC increased its holdings in Walt Disney by 1.5% in the 2nd quarter. Apollon Financial LLC now owns 6,086 shares of the entertainment giant's stock valued at $755,000 after buying an additional 87 shares during the period. 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.