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

Walt Disney (NYSE:DIS) had its target price lifted by Loop Capital from $113.00 to $140.00 in a research note issued to investors on Monday, Benzinga reports. The firm currently has a buy rating on the entertainment giant’s stock.

DIS has been the topic of several other research reports. UBS Group upped their price objective on Walt Disney from $120.00 to $140.00 and gave the stock a buy rating in a research report on Wednesday, March 27th. JPMorgan Chase & Co. initiated coverage on Walt Disney in a research report on Thursday, April 11th. They issued an overweight rating and a $140.00 price objective on the stock. Rosenblatt Securities upped their target price on Walt Disney from $129.00 to $137.00 and gave the stock a buy rating in a research note on Tuesday, April 2nd. Barclays raised Walt Disney from an equal weight rating to an overweight rating and upped their target price for the stock from $95.00 to $135.00 in a research note on Monday, March 25th. Finally, Morgan Stanley increased their price objective on Walt Disney from $110.00 to $135.00 and gave the company an overweight rating in a research note on Monday, March 4th. One equities research analyst has rated the stock with a sell rating, three have given 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 target price of $126.46.

Walt Disney Price Performance

Shares of NYSE DIS opened at $105.46 on Monday. The company has a quick ratio of 0.77, a current ratio of 0.84 and a debt-to-equity ratio of 0.39. Walt Disney has a 52 week low of $78.73 and a 52 week high of $123.74. The business’s 50 day moving average price is $114.59 and its 200 day moving average price is $101.21. The firm has a market cap of $193.45 billion, a P/E ratio of 65.10, a P/E/G ratio of 1.39 and a beta of 1.40.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Tuesday, May 7th. The entertainment giant reported $1.21 EPS for the quarter, topping the consensus estimate of $1.12 by $0.09. Walt Disney had a return on equity of 7.88% and a net margin of 3.36%. The business had revenue of $22.08 billion for the quarter, compared to analyst estimates of $22.12 billion. During the same quarter in the prior year, the firm posted $0.93 EPS. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. On average, sell-side analysts expect that Walt Disney will post 4.7 earnings per share for the current year.

Insider Transactions at Walt Disney

In other Walt Disney news, EVP Sonia L. Coleman sold 1,857 shares of Walt Disney stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $121.92, for a total transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.10% of the company’s stock.

Institutional Investors Weigh In On Walt Disney

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Walt Disney by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 151,443,502 shares of the entertainment giant’s stock valued at $13,673,834,000 after purchasing an additional 1,555,748 shares during the period. Morgan Stanley grew its holdings in Walt Disney by 0.4% during the third quarter. Morgan Stanley now owns 44,318,444 shares of the entertainment giant’s stock worth $3,592,010,000 after acquiring an additional 195,512 shares during the period. Trian Fund Management L.P. grew its holdings in Walt Disney by 411.6% in the third 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 purchasing an additional 26,443,257 shares during the last quarter. Northern Trust Corp grew its holdings in Walt Disney by 10.6% in the third quarter. Northern Trust Corp now owns 24,859,476 shares of the entertainment giant’s stock valued at $2,014,861,000 after purchasing an additional 2,384,407 shares during the last quarter. Finally, Norges Bank acquired a new stake in Walt Disney in the fourth quarter valued at $1,938,647,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

About Walt Disney

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.