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Walt Disney (NYSE:DIS) Upgraded to Strong-Buy at Wall Street Zen

Walt Disney logo with Consumer Discretionary background

Walt Disney (NYSE:DIS - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a report released on Saturday.

Several other research firms also recently commented on DIS. Citigroup boosted their target price on shares of Walt Disney from $125.00 to $140.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. UBS Group upped their price objective on shares of Walt Disney from $105.00 to $120.00 and gave the company a "buy" rating in a report on Thursday, May 8th. 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 note on Tuesday, June 3rd. Wolfe Research upgraded Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price objective on the stock in a research note on Monday, April 21st. Finally, Guggenheim increased their price objective on Walt Disney from $120.00 to $140.00 and gave the company a "buy" rating in a report on Friday, June 27th. Five analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $127.35.

Check Out Our Latest Stock Report on DIS

Walt Disney Stock Down 0.5%

Shares of Walt Disney stock traded down $0.63 during trading on Friday, hitting $119.34. The company's stock had a trading volume of 5,187,580 shares, compared to its average volume of 9,990,868. 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 company has a fifty day simple moving average of $115.46 and a two-hundred day simple moving average of $106.68. The company has a market capitalization of $214.55 billion, a PE ratio of 24.42, a P/E/G ratio of 1.75 and a beta of 1.56. Walt Disney has a 52 week low of $80.10 and a 52 week high of $124.69.

Walt Disney (NYSE:DIS - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share for the quarter, beating analysts' consensus estimates of $1.21 by $0.24. Walt Disney had a net margin of 9.47% and a return on equity of 9.99%. The business had revenue of $23.62 billion during the quarter, compared to analyst estimates of $23.15 billion. During the same period last year, the business earned $1.21 EPS. Walt Disney's revenue was up 7.0% compared to the same quarter last year. Equities research analysts predict 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 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 transaction, the executive vice president directly owned 46,831 shares in the company, valued at approximately $5,190,748.04. This represents a 2.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.16% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in DIS. Brighton Jones LLC grew its holdings in shares of Walt Disney by 7.7% in the fourth quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant's stock worth $2,980,000 after acquiring an additional 1,904 shares during the period. Proficio Capital Partners LLC increased its stake in Walt Disney by 13.6% during the fourth quarter. Proficio Capital Partners LLC now owns 16,815 shares of the entertainment giant's stock worth $1,872,000 after acquiring an additional 2,016 shares during the last quarter. Intact Investment Management Inc. increased its stake in Walt Disney by 13.1% during the fourth quarter. Intact Investment Management Inc. now owns 10,550 shares of the entertainment giant's stock worth $1,175,000 after acquiring an additional 1,220 shares during the last quarter. Picton Mahoney Asset Management bought a new position in shares of Walt Disney during the fourth quarter valued at approximately $11,175,000. Finally, Catalyst Funds Management Pty Ltd bought a new position in Walt Disney in the fourth quarter worth approximately $624,000. Hedge funds and other institutional investors own 65.71% of the company's stock.

Walt Disney Company Profile

(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.

Further Reading

Analyst Recommendations for Walt Disney (NYSE:DIS)

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