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

Walt Disney (NYSE:DIS - Get Free Report) had its target price increased by investment analysts at Guggenheim from $120.00 to $140.00 in a report issued on Friday,Benzinga reports. The firm presently has a "buy" rating on the entertainment giant's stock. Guggenheim's target price would indicate a potential upside of 15.00% from the company's previous close.

Other analysts have also recently issued research reports about the company. Barclays raised their price objective on Walt Disney from $115.00 to $120.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Loop Capital increased 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. Rosenblatt Securities increased their price target on Walt Disney from $135.00 to $140.00 and gave the company a "buy" rating in a report on Tuesday, June 3rd. Morgan Stanley upped their target price on Walt Disney from $110.00 to $120.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Finally, UBS Group lifted their target price on shares of Walt Disney from $105.00 to $120.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Six analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Walt Disney currently has an average rating of "Moderate Buy" and a consensus target price of $124.79.

Walt Disney Trading Up 0.2%

NYSE DIS opened at $121.74 on Friday. The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 0.34. The stock has a market cap of $218.86 billion, a PE ratio of 24.90, a PEG ratio of 1.75 and a beta of 1.54. The company's 50-day moving average price is $107.50 and its 200-day moving average price is $105.97. Walt Disney has a 12 month low of $80.10 and a 12 month high of $122.18.

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, topping the consensus estimate of $1.21 by $0.24. The company had revenue of $23.62 billion for the quarter, compared to analysts' expectations of $23.15 billion. Walt Disney had a return on equity of 9.99% and a net margin of 9.47%. Walt Disney's revenue was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.21 earnings per share. Equities research analysts forecast that Walt Disney will post 5.47 earnings per share for the current year.

Insider Buying and Selling at Walt Disney

In other news, EVP Brent Woodford sold 1,000 shares of the business's stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $110.84, for a total value of $110,840.00. Following the completion of the sale, the executive vice president now directly owns 46,831 shares of the company's stock, valued at approximately $5,190,748.04. The trade was a 2.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.16% of the company's stock.

Institutional Trading of Walt Disney

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in shares of Walt Disney by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 155,862,361 shares of the entertainment giant's stock valued at $15,383,615,000 after acquiring an additional 2,446,087 shares during the period. Geode Capital Management LLC raised its position in shares of Walt Disney by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 38,482,309 shares of the entertainment giant's stock worth $4,272,590,000 after buying an additional 809,989 shares during the period. Northern Trust Corp grew its stake in Walt Disney by 10.4% during the fourth quarter. Northern Trust Corp now owns 22,242,415 shares of the entertainment giant's stock worth $2,476,693,000 after buying an additional 2,096,431 shares during the period. Norges Bank purchased a new position in Walt Disney in the fourth quarter valued at about $2,415,427,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Walt Disney by 9.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 18,509,924 shares of the entertainment giant's stock worth $1,826,930,000 after buying an additional 1,642,907 shares during the period. 65.71% of the stock is owned by institutional investors and hedge funds.

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.

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