Walt Disney (NYSE:DIS) Given a $130.00 Price Target by Royal Bank of Canada Analysts

Royal Bank of Canada set a $130.00 price target on Walt Disney (NYSE:DISGet Rating) in a research note released on Monday morning, Borsen Zeitung reports.

Several other analysts also recently weighed in on the stock. The Goldman Sachs Group cut their price objective on shares of Walt Disney from $137.00 to $118.00 and set a buy rating on the stock in a research report on Wednesday, November 9th. JPMorgan Chase & Co. cut their price objective on shares of Walt Disney from $145.00 to $135.00 and set an overweight rating on the stock in a research report on Wednesday, November 9th. StockNews.com downgraded shares of Walt Disney from a hold rating to a sell rating in a research report on Thursday, November 10th. Guggenheim upgraded shares of Walt Disney from a neutral rating to a buy rating and lifted their price objective for the company from $110.00 to $145.00 in a research report on Thursday, August 11th. Finally, Truist Financial cut their price objective on shares of Walt Disney from $135.00 to $125.00 and set a buy rating on the stock in a research report on Tuesday, July 26th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus target price of $132.07.

Walt Disney Trading Up 2.8 %

Walt Disney stock opened at $98.88 on Monday. The firm’s 50-day moving average is $99.17 and its 200-day moving average is $103.31. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.94 and a current ratio of 1.00. Walt Disney has a 1 year low of $86.28 and a 1 year high of $160.32. The company has a market cap of $180.26 billion, a P/E ratio of 57.49, a PEG ratio of 1.44 and a beta of 1.25.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Walt Disney by 1.5% in the third quarter. Vanguard Group Inc. now owns 143,962,415 shares of the entertainment giant’s stock worth $13,579,975,000 after acquiring an additional 2,144,485 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Walt Disney by 44.2% in the second quarter. Price T Rowe Associates Inc. MD now owns 24,984,524 shares of the entertainment giant’s stock worth $2,358,539,000 after acquiring an additional 7,654,961 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Walt Disney by 0.8% in the first quarter. Bank of New York Mellon Corp now owns 21,459,191 shares of the entertainment giant’s stock worth $2,943,347,000 after acquiring an additional 160,841 shares in the last quarter. Newport Trust Co acquired a new stake in shares of Walt Disney during the third quarter worth approximately $1,218,240,000. Finally, Legal & General Group Plc boosted its holdings in shares of Walt Disney by 1.4% during the second quarter. Legal & General Group Plc now owns 12,365,280 shares of the entertainment giant’s stock worth $1,167,284,000 after purchasing an additional 165,075 shares during the period. 61.37% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Company Profile

(Get Rating)

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. It operates through two segments, Disney Media and Entertainment Distribution; and Disney Parks, Experiences and Products. The company engages in the film and episodic television content production and distribution activities, as well as operates television broadcast networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic, and Star brands; and studios that produces motion pictures under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar, and Searchlight Pictures banners.

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