Walt Disney (NYSE:DIS) PT Raised to $145.00

Walt Disney (NYSE:DISGet Free Report) had its target price hoisted by investment analysts at Bank of America from $130.00 to $145.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage presently has a “buy” rating on the entertainment giant’s stock. Bank of America‘s price objective suggests a potential upside of 18.04% from the company’s current price.

DIS has been the subject of several other research reports. UBS Group increased their target price on shares of Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, March 27th. Raymond James increased their price target on shares of Walt Disney from $112.00 to $128.00 and gave the stock an “outperform” rating in a report on Tuesday, March 26th. Daiwa Capital Markets reissued a “buy” rating and set a $133.00 price target on shares of Walt Disney in a report on Monday. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Walt Disney from $115.00 to $110.00 and set a “buy” rating for the company in a report on Wednesday, February 7th. Finally, Needham & Company LLC increased their target price on shares of Walt Disney from $120.00 to $145.00 and gave the company a “buy” rating in a report on Thursday, March 28th. 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’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $121.04.

Read Our Latest Research Report on Walt Disney

Walt Disney Stock Performance

NYSE DIS opened at $122.84 on Monday. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.84 and a quick ratio of 0.77. Walt Disney has a 1 year low of $78.73 and a 1 year high of $123.74. The company has a market capitalization of $225.32 billion, a PE ratio of 76.21, a P/E/G ratio of 1.88 and a beta of 1.42. The company has a fifty day moving average of $108.99 and a two-hundred day moving average of $95.42.

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

Insiders Place Their Bets

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

Institutional Trading of Walt Disney

Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in shares of Walt Disney by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 151,443,502 shares of the entertainment giant’s stock valued at $13,673,834,000 after acquiring an additional 1,555,748 shares in the last quarter. State Street Corp lifted its holdings in shares of Walt Disney by 3.5% during the 2nd quarter. State Street Corp now owns 73,142,473 shares of the entertainment giant’s stock valued at $6,530,160,000 after acquiring an additional 2,482,492 shares in the last quarter. Morgan Stanley lifted its holdings in shares of Walt Disney by 13.5% during the 4th quarter. Morgan Stanley now owns 46,172,567 shares of the entertainment giant’s stock valued at $4,011,473,000 after acquiring an additional 5,499,014 shares in the last quarter. Trian Fund Management L.P. lifted its holdings in shares of Walt Disney by 411.6% during the 3rd quarter. Trian Fund Management L.P. now owns 32,868,307 shares of the entertainment giant’s stock valued at $2,663,976,000 after acquiring an additional 26,443,257 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Walt Disney by 10.6% during the 3rd quarter. Northern Trust Corp now owns 24,859,476 shares of the entertainment giant’s stock valued at $2,014,861,000 after acquiring an additional 2,384,407 shares in the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

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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