Walt Disney (NYSE:DIS) Stock Price Expected to Rise, Citigroup Analyst Says

Walt Disney (NYSE:DIS - Get Free Report) had its price objective increased by stock analysts at Citigroup from $125.00 to $140.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a "buy" rating on the entertainment giant's stock. Citigroup's target price points to a potential upside of 15.94% from the company's previous close.

A number of other brokerages have also commented on DIS. Barclays increased their price objective on Walt Disney from $120.00 to $140.00 and gave the company an "overweight" rating in a research report on Wednesday. Jefferies Financial Group upgraded Walt Disney from a "hold" rating to a "buy" rating and raised their price target for the stock from $100.00 to $144.00 in a research report on Monday, June 30th. Rosenblatt Securities lifted their target price on Walt Disney from $135.00 to $140.00 and gave the stock a "buy" rating in a report on Tuesday, June 3rd. Morgan Stanley lifted their target price on Walt Disney from $110.00 to $120.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Finally, Guggenheim lifted their target price on Walt Disney from $120.00 to $140.00 and gave the stock a "buy" rating in a report on Friday, June 27th. Five analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $127.35.

Walt Disney Stock Performance

Walt Disney stock traded down $1.07 during trading hours on Wednesday, hitting $120.75. The stock had a trading volume of 6,676,547 shares, compared to its average volume of 10,012,278. Walt Disney has a fifty-two week low of $80.10 and a fifty-two week high of $124.69. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 0.34. The company has a 50-day moving average of $113.14 and a two-hundred day moving average of $106.49. The company has a market cap of $217.08 billion, a PE ratio of 24.69, a price-to-earnings-growth ratio of 1.80 and a beta of 1.56.

Walt Disney (NYSE:DIS - Get Free Report) last issued its earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.21 by $0.24. Walt Disney had a return on equity of 9.99% and a net margin of 9.47%. The business had revenue of $23.62 billion during the quarter, compared to analysts' expectations of $23.15 billion. During the same period in the prior year, the firm posted $1.21 EPS. Walt Disney's quarterly revenue was up 7.0% compared to the same quarter last year. On average, equities research analysts anticipate that Walt Disney will post 5.47 EPS for the current fiscal year.

Insider Buying and Selling

In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of the firm's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total value of $110,840.00. Following the completion of the transaction, the executive vice president owned 46,831 shares of the company's stock, valued at approximately $5,190,748.04. This trade represents 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. 0.16% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of Walt Disney during the first quarter worth $26,000. Mpwm Advisory Solutions LLC purchased a new position in shares of Walt Disney during the fourth quarter worth $27,000. Kessler Investment Group LLC raised 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 purchasing an additional 200 shares during the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Walt Disney during the fourth quarter worth $32,000. Finally, Copia Wealth Management acquired a new stake in Walt Disney during the fourth quarter valued at $36,000. Hedge funds and other institutional investors own 65.71% of the company's stock.

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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