Walt Disney (NYSE:DIS - Get Free Report) had its target price boosted by equities researchers at UBS Group from $120.00 to $138.00 in a research note issued on Wednesday, MarketBeat reports. The firm currently has a "buy" rating on the entertainment giant's stock. UBS Group's price objective indicates a potential upside of 13.61% from the stock's current price.
Several other brokerages have also weighed in on DIS. Citigroup increased their price objective on shares of Walt Disney from $125.00 to $140.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Needham & Company LLC reaffirmed a "buy" rating and set a $125.00 price target on shares of Walt Disney in a research report on Thursday, May 8th. Wolfe Research raised shares of Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price target on the stock in a research report on Monday, April 21st. Rosenblatt Securities raised their price target on shares of Walt Disney from $135.00 to $140.00 and gave the stock a "buy" rating in a research report on Tuesday, June 3rd. Finally, Barclays raised their price target on shares of Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 9th. Five investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $128.13.
View Our Latest Stock Analysis on Walt Disney
Walt Disney Trading Down 0.6%
NYSE:DIS traded down $0.74 during trading hours on Wednesday, hitting $121.47. The stock had a trading volume of 4,310,404 shares, compared to its average volume of 9,932,516. Walt Disney has a one year low of $80.10 and a one year high of $124.69. The business's 50 day moving average is $116.69 and its 200-day moving average is $106.94. The company has a market cap of $218.37 billion, a price-to-earnings ratio of 24.84, a P/E/G ratio of 1.75 and a beta of 1.56. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.61 and a current ratio of 0.67.
Walt Disney (NYSE:DIS - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.24. Walt Disney had a net margin of 9.47% and a return on equity of 9.99%. The firm had revenue of $23.62 billion for the quarter, compared to analyst estimates of $23.15 billion. During the same period in the prior year, the firm posted $1.21 earnings per share. The company's quarterly revenue was up 7.0% compared to the same quarter last year. Sell-side analysts anticipate that Walt Disney will post 5.47 EPS for the current fiscal year.
Insider Buying and Selling
In related news, EVP Brent Woodford sold 1,000 shares of Walt Disney stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total transaction of $110,840.00. Following the sale, the executive vice president directly owned 46,831 shares in the company, valued at $5,190,748.04. This trade represents a 2.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.16% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the company. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Walt Disney in the 1st quarter worth approximately $26,000. DiNuzzo Private Wealth Inc. lifted its position in shares of Walt Disney by 82.5% during the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant's stock valued at $26,000 after acquiring an additional 94 shares during the period. Mpwm Advisory Solutions LLC acquired a new position in shares of Walt Disney during the 4th quarter valued at $27,000. Kessler Investment Group LLC raised its holdings in Walt Disney by 274.0% during the first quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant's stock worth $27,000 after buying an additional 200 shares during the last quarter. Finally, Pilgrim Partners Asia Pte Ltd acquired a new position in Walt Disney during the fourth quarter worth $32,000. Institutional investors and hedge funds own 65.71% of the company's stock.
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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