Walt Disney (NYSE:DIS) Given New $140.00 Price Target at Evercore ISI

Key Points

• Evercore ISI has raised its price target for Walt Disney from $134.00 to $140.00, indicating a potential upside of 17.76% from its current stock price.
• Walt Disney recently reported $1.45 EPS for the quarter, surpassing analyst expectations of $1.21, along with revenue of $23.62 billion, slightly above estimates.
• Overall, Walt Disney has received predominantly positive ratings from analysts, with 19 buy ratings compared to just 5 hold ratings.

Walt Disney (NYSE:DIS - Get Free Report) had its price objective hoisted by stock analysts at Evercore ISI from $134.00 to $140.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has an "outperform" rating on the entertainment giant's stock. Evercore ISI's target price suggests a potential upside of 17.76% from the stock's current price.

A number of other research analysts have also weighed in on DIS. Loop Capital lifted their target price on Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a report on Tuesday, June 10th. Rosenblatt Securities upped their target price on Walt Disney from $135.00 to $140.00 and gave the stock a "buy" rating in a research note on Tuesday, June 3rd. Guggenheim upped their target price on Walt Disney from $120.00 to $140.00 and gave the stock a "buy" rating in a research note on Friday, June 27th. Needham & Company LLC restated a "buy" rating and issued a $125.00 target price on shares of Walt Disney in a research note on Thursday, May 8th. Finally, Morgan Stanley upped their target price on Walt Disney from $110.00 to $120.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Five analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $129.83.

Walt Disney Price Performance

DIS stock traded up $2.30 during mid-day trading on Monday, reaching $118.89. 2,542,386 shares of the company traded hands, compared to its average volume of 9,688,975. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.67 and a quick ratio of 0.61. The company has a market capitalization of $213.73 billion, a P/E ratio of 24.31, a P/E/G ratio of 1.71 and a beta of 1.56. Walt Disney has a 52-week low of $80.10 and a 52-week high of $124.69. The company has a fifty day moving average price of $118.76 and a 200-day moving average price of $107.73.

Walt Disney (NYSE:DIS - Get Free Report) last posted its earnings results 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. The business had revenue of $23.62 billion during the quarter, compared to analyst estimates of $23.15 billion. Walt Disney had a return on equity of 9.99% and a net margin of 9.47%. The company's quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.21 EPS. As a group, analysts anticipate that Walt Disney will post 5.47 earnings per share for the current year.

Insider Buying and Selling at Walt Disney

In related 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 completion of the sale, the executive vice president directly owned 46,831 shares in the company, valued at $5,190,748.04. This represents a 2.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.16% of the company's stock.

Institutional Investors Weigh In On Walt Disney

Institutional investors have recently bought and sold shares of the stock. Kingstone Capital Partners Texas LLC purchased a new position in shares of Walt Disney in the second quarter worth $4,220,599,000. Nuveen LLC purchased a new position in shares of Walt Disney in the first quarter worth $1,353,607,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in shares of Walt Disney by 1,900.0% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 5,735,961 shares of the entertainment giant's stock worth $638,699,000 after buying an additional 5,449,158 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Walt Disney by 21.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 16,867,017 shares of the entertainment giant's stock worth $1,878,142,000 after buying an additional 3,016,339 shares during the period. Finally, Diamond Hill Capital Management Inc. lifted its holdings in Walt Disney by 1,080.7% in the 1st quarter. Diamond Hill Capital Management Inc. now owns 2,816,548 shares of the entertainment giant's stock worth $277,993,000 after buying an additional 2,578,004 shares during the period. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Walt Disney Company Profile

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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