Walt Disney Co (NYSE:DIS) had its target price increased by Morgan Stanley from $124.00 to $130.00 in a research report released on Thursday morning. The brokerage currently has an overweight rating on the entertainment giant’s stock.
Other equities analysts also recently issued research reports about the company. Royal Bank of Canada raised Walt Disney from a sector perform rating to an outperform rating and boosted their price target for the stock from $101.00 to $130.00 in a research report on Thursday, January 5th. Jefferies Group LLC boosted their price target on Walt Disney from $100.00 to $110.00 and gave the stock a hold rating in a research report on Monday, March 27th. Instinet reissued a buy rating and set a $120.00 price target on shares of Walt Disney in a research report on Wednesday, March 8th. Goldman Sachs Group Inc raised Walt Disney from a neutral rating to a buy rating and boosted their price target for the stock from $109.00 to $134.00 in a research report on Tuesday, February 7th. Finally, Evercore ISI raised Walt Disney from a buy rating to a top pick rating and boosted their price target for the stock from $103.00 to $120.00 in a research report on Tuesday, January 3rd. Five analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of $116.57.
Shares of Walt Disney (NYSE:DIS) traded down 0.213% during midday trading on Thursday, reaching $114.545. The company had a trading volume of 4,354,624 shares. The firm has a market cap of $181.12 billion, a P/E ratio of 20.676 and a beta of 1.25. Walt Disney has a 52-week low of $90.32 and a 52-week high of $115.12. The company’s 50-day moving average is $112.40 and its 200-day moving average is $104.65.
Walt Disney (NYSE:DIS) last released its earnings results on Tuesday, February 7th. The entertainment giant reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.48 by $0.07. Walt Disney had a return on equity of 19.43% and a net margin of 16.29%. The business had revenue of $14.78 billion for the quarter, compared to analyst estimates of $15.30 billion. During the same quarter in the prior year, the company posted $1.63 earnings per share. Walt Disney’s revenue was down 3.0% on a year-over-year basis. Equities research analysts expect that Walt Disney will post $5.95 EPS for the current fiscal year.
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In other news, EVP Brent Woodford sold 2,000 shares of the stock in a transaction on Monday, January 30th. The stock was sold at an average price of $110.50, for a total value of $221,000.00. Following the completion of the transaction, the executive vice president now directly owns 27,745 shares in the company, valued at approximately $3,065,822.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 13.00% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Chesley Taft & Associates LLC boosted its position in shares of Walt Disney by 1.5% in the third quarter. Chesley Taft & Associates LLC now owns 274,117 shares of the entertainment giant’s stock worth $25,454,000 after buying an additional 3,970 shares during the last quarter. Financial & Investment Management Group Ltd. purchased a new position in shares of Walt Disney during the third quarter worth approximately $2,095,000. Northwest Investment Counselors LLC boosted its position in shares of Walt Disney by 1.6% in the third quarter. Northwest Investment Counselors LLC now owns 20,182 shares of the entertainment giant’s stock worth $1,874,000 after buying an additional 327 shares during the last quarter. CWM LLC boosted its position in shares of Walt Disney by 129.6% in the third quarter. CWM LLC now owns 6,597 shares of the entertainment giant’s stock worth $613,000 after buying an additional 3,724 shares during the last quarter. Finally, American National Bank boosted its position in shares of Walt Disney by 3,428.8% in the third quarter. American National Bank now owns 24,984 shares of the entertainment giant’s stock worth $2,320,000 after buying an additional 24,276 shares during the last quarter. Institutional investors own 58.65% of the company’s stock.
About Walt Disney
The Walt Disney Company is an entertainment company. The Company operates in four business segments: Media Networks, Parks and Resorts, Studio Entertainment, and Consumer Products & Interactive Media. The media networks segment includes cable and broadcast television networks, television production and distribution operations, domestic television stations, and radio networks and stations.
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