The Walt Disney Company (NYSE:DIS - Get Free Report)'s share price rose 0.4% during trading on Tuesday . The stock traded as high as $113.40 and last traded at $113.06. Approximately 1,362,690 shares changed hands during mid-day trading, a decline of 86% from the average daily volume of 9,994,780 shares. The stock had previously closed at $112.66.
Analyst Ratings Changes
Several analysts have recently weighed in on the company. Wolfe Research upgraded Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price target on the stock in a report on Monday, April 21st. The Goldman Sachs Group raised their price objective on shares of Walt Disney from $137.00 to $139.00 and gave the company a "buy" rating in a report on Tuesday, February 4th. Morgan Stanley boosted their target price on shares of Walt Disney from $110.00 to $120.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. UBS Group raised their price target on shares of Walt Disney from $105.00 to $120.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Finally, Loop Capital boosted their price objective on shares of Walt Disney from $120.00 to $125.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Six research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $123.54.
Read Our Latest Analysis on DIS
Walt Disney Trading Down 1.3%
The firm's 50-day moving average price is $95.89 and its 200 day moving average price is $105.19. The company has a market cap of $197.27 billion, a price-to-earnings ratio of 35.74, a P/E/G ratio of 1.80 and a beta of 1.49. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36.
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 for the quarter, beating the consensus estimate of $1.21 by $0.24. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. The firm had revenue of $23.62 billion for the quarter, compared to analyst estimates of $23.15 billion. During the same quarter in the prior year, the business earned $1.21 earnings per share. The business's quarterly revenue was up 7.0% compared to the same quarter last year. As a group, equities analysts expect that The Walt Disney Company will post 5.47 EPS for the current year.
Insider Buying and Selling at Walt Disney
In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of the company's stock in a transaction 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 transaction, the executive vice president now owns 46,831 shares in the company, valued at approximately $5,190,748.04. This 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 this hyperlink. Insiders own 0.16% of the company's stock.
Institutional Investors Weigh In On Walt Disney
A number of institutional investors and hedge funds have recently made changes to their positions in the business. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Walt Disney in the first quarter worth approximately $26,000. Mpwm Advisory Solutions LLC bought a new stake in Walt Disney during the fourth quarter worth $27,000. Kessler Investment Group LLC raised its position in Walt Disney by 274.0% in the 1st quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant's stock valued at $27,000 after buying an additional 200 shares during the last quarter. FPC Investment Advisory Inc. bought a new position in Walt Disney during the 4th quarter valued at $28,000. Finally, Tacita Capital Inc boosted its holdings in Walt Disney by 93.2% during the 4th quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant's stock worth $29,000 after acquiring an additional 124 shares during the last quarter. Institutional investors and hedge funds own 65.71% of the company's stock.
Walt Disney Company Profile
(
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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