Walt Disney (NYSE:DIS) Shares Up 0.5% After Analyst Upgrade

Shares of The Walt Disney Company (NYSE:DIS - Get Free Report) were up 0.5% on Monday after Macquarie raised their price target on the stock from $104.00 to $107.00. Macquarie currently has a neutral rating on the stock. Walt Disney traded as high as $106.64 and last traded at $106.27. Approximately 3,512,211 shares changed hands during mid-day trading, a decline of 71% from the average daily volume of 12,075,852 shares. The stock had previously closed at $105.79.

Other analysts have also recently issued research reports about the stock. Morgan Stanley raised their target price on shares of Walt Disney from $110.00 to $135.00 and gave the stock an "overweight" rating in a research note on Monday, March 4th. Loop Capital lifted their price objective on Walt Disney from $113.00 to $140.00 and gave the company a "buy" rating in a report on Monday, May 6th. Bank of America increased their target price on Walt Disney from $130.00 to $145.00 and gave the stock a "buy" rating in a research note on Monday, April 1st. Raymond James lifted their price target on Walt Disney from $112.00 to $128.00 and gave the company an "outperform" rating in a research note on Tuesday, March 26th. Finally, Wells Fargo & Company upped their price objective on Walt Disney from $128.00 to $141.00 and gave the stock an "overweight" rating in a report on Tuesday, April 23rd. One research analyst has rated the stock with a sell rating, two have given a hold rating and twenty-three have given a buy rating to the stock. According to MarketBeat, Walt Disney has a consensus rating of "Moderate Buy" and a consensus price target of $126.58.

Insider Buying and Selling

In other news, EVP Sonia L. Coleman sold 1,857 shares of the company's stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $121.92, for a total transaction of $226,405.44. Following the completion of the transaction, the executive vice president now owns 4,400 shares of the company's stock, valued at approximately $536,448. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, EVP Sonia L. Coleman sold 1,857 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $121.92, for a total value of $226,405.44. Following the transaction, the executive vice president now directly owns 4,400 shares of the company's stock, valued at approximately $536,448. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director James P. Gorman purchased 20,000 shares of the stock in a transaction on Wednesday, May 8th. The shares were purchased at an average cost of $106.03 per share, with a total value of $2,120,600.00. Following the transaction, the director now owns 20,467 shares of the company's stock, valued at approximately $2,170,116.01. The disclosure for this purchase can be found here. 0.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Walt Disney

Several institutional investors have recently bought and sold shares of the business. Mcdonald Partners LLC lifted its position in Walt Disney by 0.5% during the 1st quarter. Mcdonald Partners LLC now owns 17,975 shares of the entertainment giant's stock worth $2,199,000 after buying an additional 88 shares in the last quarter. Sendero Wealth Management LLC raised its holdings in Walt Disney by 2.0% during the first quarter. Sendero Wealth Management LLC now owns 4,649 shares of the entertainment giant's stock worth $569,000 after acquiring an additional 89 shares in the last quarter. McKinley Carter Wealth Services Inc. boosted its position in Walt Disney by 1.5% during the first quarter. McKinley Carter Wealth Services Inc. now owns 5,894 shares of the entertainment giant's stock valued at $721,000 after purchasing an additional 89 shares during the last quarter. Pflug Koory LLC grew its stake in Walt Disney by 1.0% in the first quarter. Pflug Koory LLC now owns 8,993 shares of the entertainment giant's stock valued at $1,100,000 after purchasing an additional 91 shares in the last quarter. Finally, Regent Peak Wealth Advisors LLC grew its stake in Walt Disney by 3.5% in the first quarter. Regent Peak Wealth Advisors LLC now owns 2,801 shares of the entertainment giant's stock valued at $343,000 after purchasing an additional 94 shares in the last quarter. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Walt Disney Price Performance

The stock has a market cap of $192.93 billion, a price-to-earnings ratio of 114.88, a price-to-earnings-growth ratio of 1.30 and a beta of 1.40. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.69 and a current ratio of 0.75. The company has a 50-day simple moving average of $114.25 and a two-hundred day simple moving average of $101.70.

Walt Disney (NYSE:DIS - Get Free Report) last posted its quarterly earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.09. Walt Disney had a net margin of 1.90% and a return on equity of 8.37%. The firm had revenue of $22.08 billion for the quarter, compared to analyst estimates of $22.12 billion. During the same period in the prior year, the firm posted $0.93 earnings per share. The company's quarterly revenue was up 1.2% compared to the same quarter last year. As a group, equities research analysts forecast that The Walt Disney Company will post 4.74 EPS for the current year.

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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