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

Walt Disney (NYSE:DIS - Get Free Report) had its target price lifted by investment analysts at Rosenblatt Securities from $135.00 to $140.00 in a research report issued to clients and investors on Tuesday, Marketbeat Ratings reports. The firm presently has a "buy" rating on the entertainment giant's stock. Rosenblatt Securities' target price would indicate a potential upside of 23.30% from the stock's previous close.

Several other research firms have also recently commented on DIS. Morgan Stanley upped their price target on Walt Disney from $110.00 to $120.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. The Goldman Sachs Group raised their target price on shares of Walt Disney from $137.00 to $139.00 and gave the stock a "buy" rating in a research note on Tuesday, February 4th. Wolfe Research upgraded shares of Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price target on the stock in a research note on Monday, April 21st. Guggenheim reduced their price objective on shares of Walt Disney from $130.00 to $120.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Finally, UBS Group lifted their price objective on Walt Disney from $105.00 to $120.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Six investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Walt Disney currently has a consensus rating of "Moderate Buy" and an average target price of $123.75.

Walt Disney Stock Performance

Walt Disney stock traded down $0.06 during midday trading on Tuesday, hitting $113.54. 5,612,405 shares of the company's stock were exchanged, compared to its average volume of 10,043,078. The firm's 50 day simple moving average is $97.56 and its 200 day simple moving average is $105.70. Walt Disney has a 12-month low of $80.10 and a 12-month high of $118.63. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68. The stock has a market cap of $204.12 billion, a price-to-earnings ratio of 36.98, a price-to-earnings-growth ratio of 1.80 and a beta of 1.49.

Walt Disney (NYSE:DIS - Get Free Report) last released its quarterly 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. The firm had revenue of $23.62 billion for 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%. The business's revenue was up 7.0% on a year-over-year basis. During the same quarter last year, the company posted $1.21 earnings per share. Equities research analysts predict that Walt Disney will post 5.47 EPS for the current year.

Insider Transactions at Walt Disney

In related news, EVP Brent Woodford sold 1,000 shares of Walt Disney stock in a transaction dated Tuesday, May 13th. The stock was 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 now owns 46,831 shares in the company, valued at approximately $5,190,748.04. This trade represents a 2.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.16% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. First Hawaiian Bank boosted its holdings in shares of Walt Disney by 27.6% during the first quarter. First Hawaiian Bank now owns 54,824 shares of the entertainment giant's stock worth $5,411,000 after purchasing an additional 11,862 shares during the last quarter. CBIZ Investment Advisory Services LLC lifted its position in Walt Disney by 15.3% during the first quarter. CBIZ Investment Advisory Services LLC now owns 1,058 shares of the entertainment giant's stock worth $104,000 after buying an additional 140 shares during the period. Modern Wealth Management LLC boosted its stake in Walt Disney by 7.2% in the 1st quarter. Modern Wealth Management LLC now owns 16,940 shares of the entertainment giant's stock worth $1,672,000 after buying an additional 1,141 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in Walt Disney by 26.8% in the 1st quarter. Jones Financial Companies Lllp now owns 396,527 shares of the entertainment giant's stock valued at $38,928,000 after buying an additional 83,850 shares during the period. Finally, Silicon Valley Capital Partners acquired a new position in shares of Walt Disney in the 1st quarter valued at $59,000. 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.