Shares of The Walt Disney Company (NYSE:DIS - Get Free Report) hit a new 52-week high on Tuesday after Loop Capital raised their price target on the stock from $125.00 to $130.00. Loop Capital currently has a buy rating on the stock. Walt Disney traded as high as $120.50 and last traded at $119.18, with a volume of 10783957 shares traded. The stock had previously closed at $115.66.
A number of other equities research analysts have also weighed in on DIS. 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 report on Monday, April 21st. Guggenheim cut their price target on shares of Walt Disney from $130.00 to $120.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Barclays increased their price objective on Walt Disney from $115.00 to $120.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Needham & Company LLC reaffirmed a "buy" rating and set a $125.00 target price on shares of Walt Disney in a report on Thursday, May 8th. Finally, Morgan Stanley upped their price target on Walt Disney from $110.00 to $120.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Six investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Walt Disney presently has an average rating of "Moderate Buy" and an average target price of $123.96.
Read Our Latest Analysis on DIS
Insider Activity
In related news, EVP Brent Woodford sold 1,000 shares of the company's stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $110.84, for a total transaction of $110,840.00. Following the transaction, the executive vice president now directly owns 46,831 shares of the company's stock, valued at approximately $5,190,748.04. This represents a 2.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.16% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Walt Disney
A number of institutional investors have recently modified their holdings of the company. Norges Bank bought a new position in shares of Walt Disney in the fourth quarter valued at $2,415,427,000. Nuveen LLC acquired a new stake in shares of Walt Disney in the 1st quarter worth about $1,353,607,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in Walt Disney by 1,900.0% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 5,735,961 shares of the entertainment giant's stock valued at $638,699,000 after acquiring an additional 5,449,158 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in Walt Disney by 75.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 10,858,108 shares of the entertainment giant's stock valued at $1,209,050,000 after purchasing an additional 4,680,930 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Walt Disney during the 4th quarter worth approximately $358,151,000. 65.71% of the stock is owned by institutional investors and hedge funds.
Walt Disney Trading Up 0.6%
The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36. The firm has a 50 day moving average price of $99.43 and a 200 day moving average price of $105.72. The stock has a market capitalization of $214.67 billion, a PE ratio of 38.90, a P/E/G ratio of 1.80 and a beta of 1.54.
Walt Disney (NYSE:DIS - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 EPS 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 9.95% and a net margin of 6.07%. Walt Disney's quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.21 EPS. Equities analysts expect that The Walt Disney Company will post 5.47 EPS for the current fiscal year.
About Walt Disney
(
Get Free Report)
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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