Walt Disney (NYSE:DIS) Trading Up 1.9% on Analyst Upgrade

The Walt Disney Company (NYSE:DIS) traded up 1.9% during trading on Monday after Loop Capital raised their price target on the stock from $113.00 to $140.00. Loop Capital currently has a buy rating on the stock. Walt Disney traded as high as $115.98 and last traded at $115.81. 4,914,088 shares were traded during mid-day trading, a decline of 57% from the average session volume of 11,436,513 shares. The stock had previously closed at $113.66.

Several other brokerages have also weighed in on DIS. Daiwa Capital Markets reaffirmed a “buy” rating and issued a $133.00 target price on shares of Walt Disney in a research report on Monday, April 1st. Raymond James increased their price objective 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. Argus boosted their target price on shares of Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, April 10th. Morgan Stanley upped their target price on shares of Walt Disney from $110.00 to $135.00 and gave the stock an “overweight” rating in a research report on Monday, March 4th. Finally, Guggenheim lifted their price target on Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, April 3rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $127.17.

Insider Buying and Selling

In related news, EVP Sonia L. Coleman sold 1,857 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $121.92, for a total value of $226,405.44. Following the completion of the transaction, the executive vice president now owns 4,400 shares in the company, valued at approximately $536,448. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.10% of the stock is currently owned by insiders.

Institutional Trading of Walt Disney

Large investors have recently added to or reduced their stakes in the company. Trian Fund Management L.P. boosted its position in 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 worth $2,663,976,000 after acquiring an additional 26,443,257 shares during the period. Norges Bank acquired a new stake in shares of Walt Disney during the fourth quarter worth approximately $1,938,647,000. Jennison Associates LLC purchased a new position in Walt Disney during the first quarter valued at approximately $1,490,492,000. ValueAct Holdings L.P. acquired a new position in Walt Disney in the 4th quarter valued at approximately $459,245,000. Finally, First Eagle Investment Management LLC acquired a new stake in shares of Walt Disney during the 3rd quarter valued at $326,171,000. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Stock Performance

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 $193.34 billion, a PE ratio of 65.06, a PEG ratio of 1.39 and a beta of 1.40. The firm’s fifty day moving average price is $114.59 and its 200 day moving average price is $101.21.

Walt Disney (NYSE:DIS) last issued 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. Walt Disney had a return on equity of 7.88% and a net margin of 3.36%. The firm had revenue of $23.50 billion for the quarter, compared to the consensus estimate of $23.71 billion. During the same quarter in the previous year, the company posted $0.99 earnings per share. The business’s quarterly revenue was down .1% compared to the same quarter last year. On average, research analysts anticipate that The Walt Disney Company will post 4.7 earnings per share for the current year.

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.