The Walt Disney (NYSE:DIS) Price Target Raised to $210.00

The Walt Disney (NYSE:DIS) had its price objective increased by JPMorgan Chase & Co. from $175.00 to $210.00 in a research report sent to investors on Monday morning, The Fly reports.

A number of other research firms have also weighed in on DIS. Loop Capital raised their price target on shares of The Walt Disney from $150.00 to $175.00 in a report on Wednesday, December 9th. Royal Bank of Canada raised shares of The Walt Disney from a sector perform rating to an outperform rating and raised their price target for the company from $124.00 to $170.00 in a report on Friday, November 13th. Barclays raised their price target on shares of The Walt Disney from $150.00 to $185.00 in a report on Friday, December 11th. Wells Fargo & Company raised their price target on shares of The Walt Disney from $182.00 to $201.00 and gave the company an overweight rating in a report on Wednesday, December 23rd. Finally, Morgan Stanley raised their price target on shares of The Walt Disney from $175.00 to $200.00 and gave the company an overweight rating in a report on Monday, December 21st. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty-four have assigned a buy rating to the stock. The company currently has an average rating of Buy and an average target price of $159.17.

Shares of DIS stock opened at $176.12 on Monday. The company’s fifty day simple moving average is $168.29 and its 200-day simple moving average is $136.87. The Walt Disney has a 52 week low of $79.07 and a 52 week high of $183.40. The company has a current ratio of 1.32, a quick ratio of 1.26 and a debt-to-equity ratio of 0.60. The company has a market cap of $318.86 billion, a PE ratio of -110.77, a P/E/G ratio of 4.37 and a beta of 1.16.

The Walt Disney (NYSE:DIS) last issued its earnings results on Thursday, November 12th. The entertainment giant reported ($0.20) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.68) by $0.48. The Walt Disney had a negative net margin of 4.38% and a positive return on equity of 4.05%. The business had revenue of $14.71 billion for the quarter, compared to the consensus estimate of $14.10 billion. During the same quarter last year, the firm posted $1.07 EPS. The business’s revenue for the quarter was down 23.1% compared to the same quarter last year. Equities research analysts expect that The Walt Disney will post 2.05 EPS for the current fiscal year.

In related news, EVP Brent Woodford sold 17,077 shares of The Walt Disney stock in a transaction dated Monday, November 9th. The shares were sold at an average price of $142.25, for a total value of $2,429,203.25. Following the sale, the executive vice president now directly owns 36,620 shares in the company, valued at approximately $5,209,195. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Zenia B. Mucha sold 797 shares of The Walt Disney stock in a transaction dated Wednesday, December 23rd. The shares were sold at an average price of $172.96, for a total transaction of $137,849.12. Following the completion of the sale, the executive vice president now owns 20,634 shares in the company, valued at $3,568,856.64. The disclosure for this sale can be found here. Insiders sold a total of 128,903 shares of company stock valued at $20,128,600 over the last ninety days. Company insiders own 0.31% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. RNC Capital Management LLC lifted its position in The Walt Disney by 5.7% in the 4th quarter. RNC Capital Management LLC now owns 56,004 shares of the entertainment giant’s stock valued at $10,147,000 after purchasing an additional 3,003 shares during the last quarter. Raymond James Trust N.A. grew its position in The Walt Disney by 2.3% during the fourth quarter. Raymond James Trust N.A. now owns 135,214 shares of the entertainment giant’s stock valued at $24,498,000 after purchasing an additional 2,981 shares in the last quarter. Pacific Wealth Strategies Group Inc. purchased a new position in The Walt Disney during the fourth quarter valued at approximately $1,052,000. IFM Investors Pty Ltd lifted its stake in The Walt Disney by 16.6% in the fourth quarter. IFM Investors Pty Ltd now owns 174,001 shares of the entertainment giant’s stock valued at $31,526,000 after acquiring an additional 24,777 shares during the last quarter. Finally, M. Kraus & Co lifted its stake in The Walt Disney by 0.5% in the fourth quarter. M. Kraus & Co now owns 26,930 shares of the entertainment giant’s stock valued at $4,879,000 after acquiring an additional 139 shares during the last quarter. Hedge funds and other institutional investors own 57.46% of the company’s stock.

The Walt Disney Company Profile

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates domestic cable networks under the Disney, ESPN, Freeform, FX, and National Geographic brands; and television broadcast network under the ABC brand, as well as eight domestic television stations.

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Analyst Recommendations for The Walt Disney (NYSE:DIS)

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