Walt Disney (NYSE:DIS) Price Target Raised to $140.00 at Citigroup

Walt Disney (NYSE:DIS - Free Report) had its price objective hoisted by Citigroup from $125.00 to $140.00 in a report released on Wednesday,Benzinga reports. The firm currently has a buy rating on the entertainment giant's stock.

Several other research firms have also issued reports on DIS. UBS Group raised their target price on shares of Walt Disney from $105.00 to $120.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Barclays raised their target price on shares of Walt Disney from $120.00 to $140.00 and gave the company an "overweight" rating in a research report on Wednesday. Wolfe Research raised shares of Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price objective on the stock in a research report on Monday, April 21st. Jefferies Financial Group upgraded shares of Walt Disney from a "hold" rating to a "buy" rating and lifted their target price for the stock from $100.00 to $144.00 in a research note on Monday, June 30th. Finally, Needham & Company LLC restated a "buy" rating and set a $125.00 price objective on shares of Walt Disney in a research note on Thursday, May 8th. Five analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $127.35.

Walt Disney Stock Up 0.8%

NYSE:DIS traded up $0.93 on Wednesday, hitting $121.54. The stock had a trading volume of 6,884,396 shares, compared to its average volume of 10,012,746. The firm's fifty day simple moving average is $113.74 and its two-hundred day simple moving average is $106.58. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.61 and a current ratio of 0.67. Walt Disney has a 1 year low of $80.10 and a 1 year high of $124.69. The stock has a market cap of $218.50 billion, a P/E ratio of 24.85, a price-to-earnings-growth ratio of 1.76 and a beta of 1.56.

Walt Disney (NYSE:DIS - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.21 by $0.24. The firm had revenue of $23.62 billion for the quarter, compared to analysts' expectations of $23.15 billion. Walt Disney had a net margin of 9.47% and a return on equity of 9.99%. The company's revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.21 earnings per share. Analysts predict that Walt Disney will post 5.47 earnings per share for the current year.

Insider Transactions at Walt Disney

In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of Walt Disney stock in a transaction that occurred 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 $5,190,748.04. The trade was a 2.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.16% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Norges Bank purchased a new position in shares of Walt Disney in the fourth quarter worth $2,415,427,000. Nuveen LLC bought a new position in shares of Walt Disney during the 1st quarter valued at $1,353,607,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position in Walt Disney by 1,900.0% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 5,735,961 shares of the entertainment giant's stock worth $638,699,000 after purchasing an additional 5,449,158 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of 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 period. Finally, Boston Partners bought a new stake in shares of Walt Disney during the 4th quarter valued at about $350,707,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

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.