Walt Disney (NYSE:DIS) PT Lowered to $126.00

Walt Disney (NYSE:DISGet Rating) had its price target cut by equities researchers at Credit Suisse Group from $157.00 to $126.00 in a report issued on Wednesday, Marketbeat reports. The firm presently has an “outperform” rating on the entertainment giant’s stock. Credit Suisse Group’s price target points to a potential upside of 39.29% from the company’s previous close.

Several other equities analysts have also commented on DIS. StockNews.com began coverage on shares of Walt Disney in a research report on Wednesday, October 12th. They set a “hold” rating for the company. Guggenheim upgraded shares of Walt Disney from a “neutral” rating to a “buy” rating and raised their price objective for the company from $110.00 to $145.00 in a research report on Thursday, August 11th. Wells Fargo & Company raised their price objective on shares of Walt Disney from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Thursday, August 11th. UBS Group decreased their target price on shares of Walt Disney from $145.00 to $135.00 and set a “buy” rating for the company in a report on Monday, October 24th. Finally, Barclays decreased their target price on shares of Walt Disney from $105.00 to $98.00 and set an “equal weight” rating for the company in a report on Wednesday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and twenty have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $134.74.

Walt Disney Trading Up 4.3 %

NYSE DIS opened at $90.46 on Wednesday. The company’s fifty day simple moving average is $102.34 and its 200-day simple moving average is $104.60. Walt Disney has a 52 week low of $86.28 and a 52 week high of $163.96. The company has a current ratio of 1.02, a quick ratio of 0.97 and a debt-to-equity ratio of 0.48. The stock has a market cap of $164.91 billion, a P/E ratio of 52.59, a PEG ratio of 1.02 and a beta of 1.25.

Walt Disney (NYSE:DISGet Rating) last issued its quarterly earnings results on Wednesday, August 10th. The entertainment giant reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.15. Walt Disney had a net margin of 3.87% and a return on equity of 7.20%. The business had revenue of $21.50 billion during the quarter, compared to analyst estimates of $21.01 billion. During the same quarter in the previous year, the firm earned $0.80 earnings per share. The business’s revenue was up 26.5% compared to the same quarter last year. Equities research analysts predict that Walt Disney will post 4.94 EPS for the current fiscal year.

Hedge Funds Weigh In On Walt Disney

Hedge funds have recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. grew its stake in Walt Disney by 8.6% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 427,503 shares of the entertainment giant’s stock valued at $40,356,000 after acquiring an additional 33,857 shares during the period. Arlington Financial Advisors LLC raised its stake in shares of Walt Disney by 4.8% in the second quarter. Arlington Financial Advisors LLC now owns 25,162 shares of the entertainment giant’s stock valued at $2,375,000 after buying an additional 1,160 shares during the period. Castle Rock Wealth Management LLC raised its stake in shares of Walt Disney by 21.4% in the second quarter. Castle Rock Wealth Management LLC now owns 5,716 shares of the entertainment giant’s stock valued at $556,000 after buying an additional 1,008 shares during the period. Clark Capital Management Group Inc. raised its stake in shares of Walt Disney by 27.8% in the first quarter. Clark Capital Management Group Inc. now owns 237,846 shares of the entertainment giant’s stock valued at $32,623,000 after buying an additional 51,721 shares during the period. Finally, Calamos Advisors LLC grew its position in shares of Walt Disney by 2.1% in the second quarter. Calamos Advisors LLC now owns 760,404 shares of the entertainment giant’s stock valued at $71,782,000 after purchasing an additional 15,469 shares in the last quarter. 61.37% of the stock is currently owned by institutional investors.

Walt Disney Company Profile

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The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. It operates through two segments, Disney Media and Entertainment Distribution; and Disney Parks, Experiences and Products. The company engages in the film and episodic television content production and distribution activities, as well as operates television broadcast networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic, and Star brands; and studios that produces motion pictures under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar, and Searchlight Pictures banners.

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