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

Walt Disney (NYSE:DIS - Free Report) had its price objective lifted by Barclays from $120.00 to $140.00 in a research report sent to investors on Wednesday morning,Benzinga reports. Barclays currently has an overweight rating on the entertainment giant's stock.

Several other equities analysts have also issued reports on the stock. Rosenblatt Securities lifted their price objective on shares of Walt Disney from $135.00 to $140.00 and gave the company a "buy" rating in a report on Tuesday, June 3rd. UBS Group lifted 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. Loop Capital lifted their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a report on Tuesday, June 10th. Jefferies Financial Group upgraded shares of Walt Disney from a "hold" rating to a "buy" rating and raised their target price for the company from $100.00 to $144.00 in a research note on Monday, June 30th. Finally, Morgan Stanley raised their target price on shares of Walt Disney from $110.00 to $120.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Five equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $127.35.

Walt Disney Trading Down 1.4%

Shares of NYSE:DIS traded down $1.74 during trading on Wednesday, reaching $119.82. 6,107,624 shares of the company were exchanged, compared to its average volume of 10,007,466. The firm has a market capitalization of $215.41 billion, a PE ratio of 24.50, a P/E/G ratio of 1.78 and a beta of 1.56. The business's fifty day simple moving average is $114.90 and its 200-day simple moving average is $106.70. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.67 and a quick ratio of 0.61. Walt Disney has a 12-month low of $80.10 and a 12-month high of $124.69.

Walt Disney (NYSE:DIS - Get Free Report) last issued 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. The company had revenue of $23.62 billion for the quarter, compared to analyst estimates of $23.15 billion. Walt Disney had a net margin of 9.47% and a return on equity of 9.99%. Walt Disney's revenue was up 7.0% compared to the same quarter last year. During the same period last year, the company posted $1.21 earnings per share. On average, research analysts anticipate that Walt Disney will post 5.47 EPS for the current year.

Insider Activity at Walt Disney

In other news, EVP Brent Woodford sold 1,000 shares of Walt Disney stock in a transaction on Tuesday, May 13th. The shares were 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 approximately $5,190,748.04. The trade was a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.16% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DIS. Brighton Jones LLC lifted its position in Walt Disney by 7.7% during the fourth quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant's stock valued at $2,980,000 after purchasing an additional 1,904 shares during the period. Proficio Capital Partners LLC increased its holdings in Walt Disney by 13.6% in the fourth quarter. Proficio Capital Partners LLC now owns 16,815 shares of the entertainment giant's stock valued at $1,872,000 after buying an additional 2,016 shares in the last quarter. Sage Mountain Advisors LLC increased its holdings in Walt Disney by 19.1% in the fourth quarter. Sage Mountain Advisors LLC now owns 7,059 shares of the entertainment giant's stock valued at $786,000 after buying an additional 1,134 shares in the last quarter. GC Wealth Management RIA LLC increased its holdings in Walt Disney by 7.9% in the fourth quarter. GC Wealth Management RIA LLC now owns 2,938 shares of the entertainment giant's stock valued at $327,000 after buying an additional 214 shares in the last quarter. Finally, Natural Investments LLC purchased a new position in Walt Disney in the fourth quarter valued at $454,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

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.