Walt Disney (NYSE:DIS) Trading 0.3% Higher - Should You Buy?

The Walt Disney Company (NYSE:DIS - Get Free Report)'s stock price was up 0.3% during mid-day trading on Thursday . The company traded as high as $111.20 and last traded at $110.81. Approximately 1,769,700 shares were traded during trading, a decline of 83% from the average daily volume of 10,271,049 shares. The stock had previously closed at $110.46.

Analyst Upgrades and Downgrades

DIS has been the subject of a number of research analyst reports. Morgan Stanley upped their price target on shares of Walt Disney from $110.00 to $120.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Loop Capital increased their target price on Walt Disney from $120.00 to $125.00 and gave the company a "buy" rating in a report on Thursday, May 8th. 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 lifted their target price on Walt Disney from $137.00 to $139.00 and gave the company a "buy" rating in a research note on Tuesday, February 4th. Finally, Rosenblatt Securities reissued a "buy" rating and issued a $135.00 price target on shares of Walt Disney in a research report on Monday, February 10th. Six equities 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 MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $123.54.

Walt Disney Stock Up 0.9%

The company has a market cap of $200.39 billion, a price-to-earnings ratio of 36.29, a P/E/G ratio of 1.80 and a beta of 1.49. The firm has a 50-day moving average price of $95.44 and a 200 day moving average price of $105.05. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62.

Walt Disney (NYSE:DIS - Get Free Report) last announced its earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 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 net margin of 6.07% and a return on equity of 9.95%. The business's revenue for the quarter was up 7.0% on a year-over-year basis. During the same period last year, the firm earned $1.21 earnings per share. Sell-side analysts predict that The Walt Disney Company will post 5.47 EPS for the current year.

Insider Activity

In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of Walt Disney 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 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.16% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Mpwm Advisory Solutions LLC bought a new stake in Walt Disney in the 4th quarter worth about $27,000. FPC Investment Advisory Inc. purchased a new position in shares of Walt Disney in the 4th quarter worth about $28,000. Tacita Capital Inc grew its position in Walt Disney by 93.2% during the fourth quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant's stock valued at $29,000 after buying an additional 124 shares during the period. MJT & Associates Financial Advisory Group Inc. purchased a new position in Walt Disney in the first quarter valued at about $26,000. Finally, Kessler Investment Group LLC increased its stake in shares of Walt Disney by 274.0% during the 1st 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. 65.71% of the stock is currently 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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