The Walt Disney Company (NYSE:DIS - Get Free Report) was up 1.1% during mid-day trading on Tuesday after Rosenblatt Securities raised their price target on the stock from $135.00 to $140.00. Rosenblatt Securities currently has a buy rating on the stock. Walt Disney traded as high as $114.36 and last traded at $114.14. Approximately 2,057,695 shares traded hands during trading, a decline of 79% from the average daily volume of 10,007,657 shares. The stock had previously closed at $112.95.
A number of other equities analysts also recently weighed in on DIS. Morgan Stanley lifted their target price on shares of Walt Disney from $110.00 to $120.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. UBS Group lifted their price objective on shares of Walt Disney from $105.00 to $120.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Needham & Company LLC restated a "buy" rating and set a $125.00 price target on shares of Walt Disney in a report on Thursday, May 8th. Prescient Securities dropped their target price on shares of Walt Disney from $130.00 to $115.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 4th. Finally, Loop Capital boosted their target price on shares of Walt Disney from $120.00 to $125.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Six equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $123.75.
Read Our Latest Research Report on Walt Disney
Insiders Place Their Bets
In other 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 directly owns 46,831 shares of the company's stock, valued at $5,190,748.04. This represents a 2.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.16% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of the stock. Mpwm Advisory Solutions LLC purchased a new position in shares of Walt Disney during the 4th quarter valued at approximately $27,000. FPC Investment Advisory Inc. bought a new stake in Walt Disney in the fourth quarter valued at $28,000. Tacita Capital Inc increased its holdings in shares of 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 purchasing an additional 124 shares during the period. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Walt Disney during the first quarter valued at $26,000. Finally, Kessler Investment Group LLC grew its holdings in Walt Disney by 274.0% during the first quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant's stock worth $27,000 after acquiring an additional 200 shares during the period. 65.71% of the stock is currently owned by hedge funds and other institutional investors.
Walt Disney Trading Down 0.1%
The business has a fifty day moving average of $97.56 and a 200-day moving average of $105.70. The stock has a market capitalization 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. 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 quarterly earnings data on Wednesday, May 7th. The entertainment giant reported $1.45 EPS for the quarter, topping analysts' consensus estimates of $1.21 by $0.24. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. The firm had revenue of $23.62 billion during the quarter, compared to analyst estimates of $23.15 billion. During the same period last year, the company posted $1.21 EPS. The business's quarterly revenue was up 7.0% compared to the same quarter last year. On average, equities analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.
About Walt Disney
(
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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