Loop Capital Issues Positive Forecast for Walt Disney (NYSE:DIS) Stock Price

Walt Disney (NYSE:DIS - Get Free Report) had its price target increased by research analysts at Loop Capital from $120.00 to $125.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has a "buy" rating on the entertainment giant's stock. Loop Capital's price objective would suggest a potential upside of 18.00% from the stock's current price.

A number of other equities analysts have also weighed in on DIS. Citigroup restated a "buy" rating and set a $125.00 target price on shares of Walt Disney in a research report on Wednesday, January 22nd. Barclays cut their price objective on Walt Disney from $125.00 to $115.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Morgan Stanley lifted their target price on Walt Disney from $110.00 to $120.00 and gave the stock an "overweight" rating in a report on Thursday. Wolfe Research raised Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price target for the company in a research note on Monday, April 21st. Finally, Guggenheim reduced their price objective on Walt Disney from $130.00 to $120.00 and set a "buy" rating on the stock in a research note on Thursday. Six investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, Walt Disney has an average rating of "Moderate Buy" and a consensus price target of $123.54.

Walt Disney Price Performance

NYSE:DIS traded up $0.81 on Thursday, reaching $105.93. 10,435,544 shares of the company's stock traded hands, compared to its average volume of 10,005,668. The stock has a 50-day simple moving average of $93.86 and a 200-day simple moving average of $104.16. Walt Disney has a 12 month low of $80.10 and a 12 month high of $118.63. The firm has a market cap of $191.50 billion, a PE ratio of 34.50, a P/E/G ratio of 1.80 and a beta of 1.49. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36.

Walt Disney (NYSE:DIS - Get Free Report) last issued its earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.24. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. The company had revenue of $23.62 billion for the quarter, compared to the consensus estimate of $23.15 billion. During the same quarter last year, the company earned $1.21 EPS. The firm's quarterly revenue was up 7.0% on a year-over-year basis. Equities research analysts forecast that Walt Disney will post 5.47 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in DIS. Pathway Financial Advisors LLC grew its stake in Walt Disney by 2.7% in the 4th quarter. Pathway Financial Advisors LLC now owns 3,471 shares of the entertainment giant's stock worth $386,000 after acquiring an additional 92 shares in the last quarter. Prossimo Advisors LLC lifted its position in shares of Walt Disney by 1.1% in the 4th quarter. Prossimo Advisors LLC now owns 8,732 shares of the entertainment giant's stock worth $972,000 after purchasing an additional 92 shares during the period. Saxon Interests Inc. boosted its stake in shares of Walt Disney by 2.8% during the fourth quarter. Saxon Interests Inc. now owns 3,412 shares of the entertainment giant's stock valued at $380,000 after purchasing an additional 93 shares in the last quarter. Onefund LLC increased its holdings in Walt Disney by 2.0% during the fourth quarter. Onefund LLC now owns 4,856 shares of the entertainment giant's stock valued at $541,000 after buying an additional 93 shares during the period. Finally, Abundance Wealth Counselors lifted its holdings in Walt Disney by 1.0% during the fourth quarter. Abundance Wealth Counselors now owns 9,662 shares of the entertainment giant's stock worth $1,076,000 after buying an additional 94 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.