Walt Disney (NYSE:DIS) Price Target Raised to $137.00 at Rosenblatt Securities

Walt Disney (NYSE:DISFree Report) had its target price increased by Rosenblatt Securities from $129.00 to $137.00 in a research report released on Tuesday morning, Benzinga reports. The brokerage currently has a buy rating on the entertainment giant’s stock.

Several other equities analysts also recently weighed in on the company. Bank of America lifted their target price on Walt Disney from $130.00 to $145.00 and gave the company a buy rating in a research report on Monday. Morgan Stanley lifted their price objective on shares of Walt Disney from $110.00 to $135.00 and gave the stock an overweight rating in a research note on Monday, March 4th. Daiwa Capital Markets reaffirmed a buy rating and set a $133.00 price objective on shares of Walt Disney in a research note on Monday. Deutsche Bank Aktiengesellschaft cut their target price on Walt Disney from $115.00 to $110.00 and set a buy rating on the stock in a research note on Wednesday, February 7th. Finally, UBS Group boosted their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the company a buy rating in a research report on Wednesday, March 27th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-one have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of Moderate Buy and a consensus target price of $121.04.

View Our Latest Analysis on DIS

Walt Disney Stock Up 1.1 %

Shares of NYSE DIS opened at $122.84 on Tuesday. The firm has a fifty day simple moving average of $108.99 and a two-hundred day simple moving average of $95.42. Walt Disney has a 12 month low of $78.73 and a 12 month high of $123.74. The company has a current ratio of 0.84, a quick ratio of 0.77 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $225.32 billion, a PE ratio of 76.21, a price-to-earnings-growth ratio of 1.88 and a beta of 1.42.

Walt Disney (NYSE:DISGet Free Report) last released its quarterly earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.25. Walt Disney had a net margin of 3.36% and a return on equity of 7.88%. The company had revenue of $23.50 billion during the quarter, compared to the consensus estimate of $23.71 billion. During the same period in the prior year, the firm earned $0.99 earnings per share. Walt Disney’s revenue was down .1% on a year-over-year basis. Equities analysts expect that Walt Disney will post 4.66 earnings per share for the current year.

Walt Disney Cuts Dividend

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

Insider Buying and Selling

In other Walt Disney news, EVP Sonia L. Coleman sold 1,857 shares of the company’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $121.92, for a total transaction of $226,405.44. Following the transaction, the executive vice president now directly owns 4,400 shares in the company, valued at $536,448. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Planned Solutions Inc. acquired a new stake in shares of Walt Disney in the fourth quarter valued at $26,000. Gold Investment Management Ltd. purchased a new position in shares of Walt Disney during the fourth quarter worth about $28,000. Dark Forest Capital Management LP purchased a new position in shares of Walt Disney during the first quarter worth about $28,000. Worth Asset Management LLC purchased a new position in shares of Walt Disney during the first quarter worth about $29,000. Finally, Fortis Group Advisors LLC purchased a new position in shares of Walt Disney during the third quarter worth about $30,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

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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