Walt Disney (NYSE:DIS) Given New $120.00 Price Target at Morgan Stanley

Walt Disney (NYSE:DIS - Get Free Report) had its price objective upped by research analysts at Morgan Stanley from $110.00 to $120.00 in a research note issued on Thursday,Benzinga reports. The firm currently has an "overweight" rating on the entertainment giant's stock. Morgan Stanley's target price indicates a potential upside of 13.28% from the company's current price.

A number of other research analysts have also recently weighed in on DIS. Needham & Company LLC reiterated a "buy" rating and issued a $125.00 target price on shares of Walt Disney in a report on Thursday. Prescient Securities decreased their target price on Walt Disney from $130.00 to $115.00 and set a "neutral" rating for the company in a report on Tuesday, February 4th. Loop Capital raised their price target on shares of Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a report on Tuesday, March 4th. Citigroup reiterated a "buy" rating and set a $125.00 price objective on shares of Walt Disney in a research note on Wednesday, January 22nd. Finally, Wolfe Research raised shares of Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 target price on the stock in a research note on Monday, April 21st. Six analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Walt Disney presently has a consensus rating of "Moderate Buy" and an average price target of $123.54.

Walt Disney Price Performance

Shares of NYSE:DIS traded up $0.81 on Thursday, reaching $105.93. 10,435,544 shares of the company were exchanged, compared to its average volume of 10,029,150. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36. The company has a 50-day moving average of $93.86 and a 200-day moving average of $104.11. Walt Disney has a 1-year low of $80.10 and a 1-year high of $118.63. The firm has a market cap of $191.50 billion, a price-to-earnings ratio of 34.50, a price-to-earnings-growth ratio of 1.80 and a beta of 1.49.

Walt Disney (NYSE:DIS - Get Free Report) last announced its quarterly earnings data 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 net margin of 6.07% and a return on equity of 9.95%. The business had revenue of $23.62 billion for the quarter, compared to the consensus estimate of $23.15 billion. During the same quarter 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. Equities analysts forecast that Walt Disney will post 5.47 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Walt Disney

Institutional investors and hedge funds have recently modified their holdings of the stock. Mpwm Advisory Solutions LLC bought a new stake in shares of Walt Disney during the 4th quarter worth about $27,000. FPC Investment Advisory Inc. bought a new position in shares of Walt Disney during the 4th quarter worth approximately $28,000. Tacita Capital Inc boosted its stake in Walt Disney by 93.2% in the 4th quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant's stock valued at $29,000 after buying an additional 124 shares in the last quarter. MJT & Associates Financial Advisory Group Inc. bought a new stake in Walt Disney in the first quarter valued at $26,000. Finally, Kessler Investment Group LLC increased its holdings in shares of 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 in the last quarter. 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.