Walt Disney (NYSE:DIS) Shares Gap Up to $91.80

The Walt Disney Company (NYSE:DISGet Rating)’s share price gapped up prior to trading on Monday . The stock had previously closed at $91.80, but opened at $100.14. Walt Disney shares last traded at $98.97, with a volume of 962,462 shares.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Rosenblatt Securities dropped their price objective on Walt Disney from $134.00 to $120.00 and set a “buy” rating on the stock in a research note on Wednesday, November 9th. Moffett Nathanson upgraded Walt Disney from a “market perform” rating to an “outperform” rating and set a $120.00 price target on the stock in a research note on Monday. The Goldman Sachs Group lowered their price target on Walt Disney from $137.00 to $118.00 and set a “buy” rating on the stock in a research note on Wednesday, November 9th. Royal Bank of Canada set a $130.00 price target on Walt Disney in a research note on Monday. Finally, Evercore ISI lowered their price target on Walt Disney from $140.00 to $115.00 in a research note on Wednesday, November 9th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $132.07.

Walt Disney Stock Down 1.4 %

The firm has a market capitalization of $175.40 billion, a price-to-earnings ratio of 55.94, a P/E/G ratio of 1.37 and a beta of 1.25. The company has a current ratio of 1.00, a quick ratio of 0.94 and a debt-to-equity ratio of 0.46. The firm has a fifty day moving average price of $99.44 and a 200 day moving average price of $103.34.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in shares of Walt Disney by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 143,962,415 shares of the entertainment giant’s stock worth $13,579,975,000 after acquiring an additional 2,144,485 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Walt Disney by 44.2% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 24,984,524 shares of the entertainment giant’s stock worth $2,358,539,000 after acquiring an additional 7,654,961 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Walt Disney by 0.8% during the 1st quarter. Bank of New York Mellon Corp now owns 21,459,191 shares of the entertainment giant’s stock worth $2,943,347,000 after buying an additional 160,841 shares in the last quarter. Newport Trust Co acquired a new position in Walt Disney during the 3rd quarter worth $1,218,240,000. Finally, Legal & General Group Plc lifted its holdings in Walt Disney by 1.4% during the 2nd quarter. Legal & General Group Plc now owns 12,365,280 shares of the entertainment giant’s stock worth $1,167,284,000 after buying an additional 165,075 shares in the last quarter. 61.37% of the stock is owned by institutional investors and hedge funds.

About Walt Disney

(Get Rating)

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.

Further Reading

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