Walt Disney (NYSE:DIS) PT Raised to $140.00

Walt Disney (NYSE:DIS) had its price objective hoisted by Argus from $125.00 to $140.00 in a research note released on Wednesday morning, Benzinga reports. Argus currently has a buy rating on the entertainment giant’s stock.

Other equities analysts have also recently issued reports about the company. Barclays raised Walt Disney from an equal weight rating to an overweight rating and lifted their price objective for the stock from $95.00 to $135.00 in a report on Monday, March 25th. Tigress Financial reaffirmed a buy rating and set a $136.00 price objective on shares of Walt Disney in a report on Wednesday, February 21st. The Goldman Sachs Group dropped their price target on Walt Disney from $125.00 to $120.00 and set a buy rating for the company in a research report on Thursday, February 8th. Raymond James raised their price target on Walt Disney from $112.00 to $128.00 and gave the stock an outperform rating in a research report on Tuesday, March 26th. Finally, Rosenblatt Securities raised their price target on Walt Disney from $129.00 to $137.00 and gave the stock a buy rating in a research report on Tuesday, April 2nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twenty-two have given a buy rating to the company. Based on data from MarketBeat, Walt Disney presently has an average rating of Moderate Buy and an average price target of $124.54.

Walt Disney Stock Performance

Shares of DIS stock opened at $114.07 on Wednesday. The stock has a fifty day moving average price of $112.97 and a 200 day moving average price of $97.43. The stock has a market cap of $209.24 billion, a PE ratio of 70.41, a P/E/G ratio of 1.70 and a beta of 1.42. Walt Disney has a 1 year low of $78.73 and a 1 year high of $123.74. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.77 and a current ratio of 0.84.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.25. The firm had revenue of $23.50 billion during the quarter, compared to analysts’ expectations of $23.71 billion. Walt Disney had a return on equity of 7.88% and a net margin of 3.36%. Walt Disney’s revenue was down .1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.99 earnings per share. Sell-side analysts forecast that Walt Disney will post 4.66 earnings per share for the current fiscal year.

Walt Disney Cuts Dividend

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

Insiders Place Their Bets

In other Walt Disney news, EVP Sonia L. Coleman sold 1,857 shares of the stock in a transaction that occurred 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 owns 4,400 shares of the company’s stock, valued at approximately $536,448. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Markel Corp raised its position in shares of Walt Disney by 2.3% during the 1st quarter. Markel Corp now owns 1,922,665 shares of the entertainment giant’s stock worth $263,713,000 after purchasing an additional 42,500 shares during the period. Fairfield Bush & CO. raised its position in shares of Walt Disney by 3.4% during the 1st quarter. Fairfield Bush & CO. now owns 9,624 shares of the entertainment giant’s stock worth $1,320,000 after purchasing an additional 320 shares during the period. United Bank raised its position in shares of Walt Disney by 8.7% during the 1st quarter. United Bank now owns 9,949 shares of the entertainment giant’s stock worth $1,365,000 after purchasing an additional 794 shares during the period. AMI Investment Management Inc. raised its position in shares of Walt Disney by 4.6% during the 1st quarter. AMI Investment Management Inc. now owns 24,918 shares of the entertainment giant’s stock worth $3,418,000 after purchasing an additional 1,094 shares during the period. Finally, Mackenzie Financial Corp raised its position in shares of Walt Disney by 0.6% during the 1st quarter. Mackenzie Financial Corp now owns 828,308 shares of the entertainment giant’s stock worth $113,611,000 after purchasing an additional 4,722 shares during the period. 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.