Walt Disney (NYSE:DIS) Price Target Raised to $140.00 at UBS Group

Walt Disney (NYSE:DIS) had its price target hoisted by UBS Group from $120.00 to $140.00 in a research report released on Wednesday, Marketbeat.com reports. UBS Group currently has a buy rating on the entertainment giant’s stock.

A number of other brokerages have also recently commented on DIS. Macquarie lifted their target price on shares of Walt Disney from $94.00 to $104.00 and gave the company a neutral rating in a report on Thursday, February 8th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Walt Disney from $115.00 to $110.00 and set a buy rating on the stock in a report on Wednesday, February 7th. Rosenblatt Securities cut their target price on shares of Walt Disney from $114.00 to $112.00 and set a buy rating on the stock in a report on Friday, December 22nd. Tigress Financial reissued a buy rating and issued a $136.00 price objective on shares of Walt Disney in a research note on Wednesday, February 21st. Finally, Wells Fargo & Company boosted their price objective on shares of Walt Disney from $115.00 to $128.00 and gave the company an overweight rating in a research note on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twenty have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average price target of $116.64.

Walt Disney Stock Up 0.9 %

DIS stock opened at $120.98 on Wednesday. The company’s 50 day moving average is $106.66 and its two-hundred day moving average is $94.34. The stock has a market cap of $221.91 billion, a P/E ratio of 74.56, a PEG ratio of 1.85 and a beta of 1.41. Walt Disney has a twelve month low of $78.73 and a twelve month high of $122.03. The company has a current ratio of 0.84, a quick ratio of 0.77 and a debt-to-equity ratio of 0.39.

Walt Disney (NYSE:DIS) last announced its earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.25. The business had revenue of $23.50 billion for the quarter, compared to analysts’ expectations of $23.71 billion. Walt Disney had a net margin of 3.36% and a return on equity of 7.88%. The company’s quarterly revenue was down .1% on a year-over-year basis. During the same period in the previous year, the company posted $0.99 EPS. Research analysts expect that Walt Disney will post 4.62 earnings per share for the current fiscal year.

Walt Disney Cuts Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Thursday, July 25th. Investors of record on Monday, July 8th will be given a dividend of $0.45 per share. This represents a yield of 0.5%. The ex-dividend date of this dividend is Monday, July 8th. Walt Disney’s dividend payout ratio (DPR) is presently 18.52%.

Insider Buying and Selling

In related news, EVP Sonia L. Coleman sold 898 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $90.11, for a total transaction of $80,918.78. Following the completion of the sale, the executive vice president now owns 1,861 shares of the company’s stock, valued at approximately $167,694.71. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.10% of the company’s stock.

Hedge Funds Weigh In On Walt Disney

Institutional investors and hedge funds have recently bought and sold shares of the stock. Planned Solutions Inc. purchased a new position in Walt Disney in the 4th quarter worth approximately $26,000. Gold Investment Management Ltd. purchased a new position in shares of Walt Disney during the 4th quarter valued at approximately $28,000. Dark Forest Capital Management LP purchased a new position in shares of Walt Disney during the 1st quarter valued at approximately $28,000. Worth Asset Management LLC purchased a new position in shares of Walt Disney during the 1st quarter valued at approximately $29,000. Finally, Fortis Group Advisors LLC purchased a new position in shares of Walt Disney during the 3rd quarter valued at approximately $30,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Company Profile

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.