Morgan Stanley Issues Positive Forecast for Walt Disney (NYSE:DIS) Stock Price

Walt Disney (NYSE:DIS - Get Free Report) had its target price hoisted by investment analysts at Morgan Stanley from $110.00 to $120.00 in a research note issued on Thursday,Benzinga reports. The firm presently has an "overweight" rating on the entertainment giant's stock. Morgan Stanley's price target points to a potential upside of 8.58% from the stock's previous close.

DIS has been the subject of a number of other research reports. Guggenheim reduced their price objective on shares of Walt Disney from $130.00 to $120.00 and set a "buy" rating for the company in a research note on Thursday. Needham & Company LLC reissued a "buy" rating and issued a $125.00 price objective on shares of Walt Disney in a research note on Thursday. Citigroup reissued a "buy" rating and issued a $125.00 price objective on shares of Walt Disney in a research note on Wednesday, January 22nd. Rosenblatt Securities reissued a "buy" rating and issued a $135.00 price objective on shares of Walt Disney in a research note on Monday, February 10th. Finally, UBS Group reduced their price objective on shares of Walt Disney from $130.00 to $105.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. Six research 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 stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $123.54.

Walt Disney Trading Up 4.3%

NYSE DIS traded up $4.57 during trading on Thursday, hitting $110.51. The stock had a trading volume of 18,360,215 shares, compared to its average volume of 10,039,034. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68. The stock has a market capitalization of $199.79 billion, a price-to-earnings ratio of 36.00, a P/E/G ratio of 1.80 and a beta of 1.49. Walt Disney has a one year low of $80.10 and a one year high of $118.63. The stock has a 50 day simple moving average of $93.86 and a 200 day simple moving average of $104.22.

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 for the quarter, beating the consensus estimate of $1.21 by $0.24. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. The firm had revenue of $23.62 billion during the quarter, compared to the consensus estimate of $23.15 billion. During the same quarter in the previous year, the firm posted $1.21 earnings per share. The company's revenue was up 7.0% on a year-over-year basis. Sell-side analysts predict that Walt Disney will post 5.47 earnings per share for the current year.

Institutional Trading of Walt Disney

Hedge funds have recently bought and sold shares of the business. Trek Financial LLC boosted its position in Walt Disney by 479.9% in the 4th quarter. Trek Financial LLC now owns 36,320 shares of the entertainment giant's stock valued at $4,044,000 after buying an additional 30,057 shares during the period. Brookstone Capital Management raised its holdings in shares of Walt Disney by 10.5% in the 4th quarter. Brookstone Capital Management now owns 140,883 shares of the entertainment giant's stock valued at $15,687,000 after purchasing an additional 13,339 shares in the last quarter. Greystone Financial Group LLC raised its holdings in shares of Walt Disney by 13.3% in the 4th quarter. Greystone Financial Group LLC now owns 85,187 shares of the entertainment giant's stock valued at $9,486,000 after purchasing an additional 9,967 shares in the last quarter. Avanza Fonder AB acquired a new stake in shares of Walt Disney in the 4th quarter valued at $15,125,000. Finally, FourThought Financial Partners LLC acquired a new stake in Walt Disney during the 4th quarter worth $446,000. Institutional investors and hedge funds own 65.71% of the company's stock.

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.