Walt Disney (NYSE:DIS) PT Raised to $128.00 at Raymond James

Walt Disney (NYSE:DIS) had its target price lifted by equities researchers at Raymond James from $112.00 to $128.00 in a note issued to investors on Tuesday, Benzinga reports. The firm presently has an “outperform” rating on the entertainment giant’s stock. Raymond James’ target price indicates a potential upside of 5.80% from the stock’s current price.

A number of other analysts also recently weighed in on DIS. Tigress Financial reiterated a “buy” rating and set a $136.00 price target on shares of Walt Disney in a report on Wednesday, February 21st. Deutsche Bank Aktiengesellschaft reduced their target price on Walt Disney from $115.00 to $110.00 and set a “buy” rating for the company in a research note on Wednesday, February 7th. Wells Fargo & Company raised their target price on Walt Disney from $115.00 to $128.00 and gave the company an “overweight” rating in a research note on Thursday, February 8th. Barclays upgraded Walt Disney from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $95.00 to $135.00 in a research note on Monday. Finally, The Goldman Sachs Group reduced their target price on Walt Disney from $125.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat.com, Walt Disney currently has a consensus rating of “Moderate Buy” and an average target price of $116.64.

Walt Disney Stock Up 0.9 %

NYSE DIS opened at $120.98 on Tuesday. The business has a fifty day moving average price of $106.66 and a two-hundred day moving average price of $94.34. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.84 and a quick ratio of 0.77. Walt Disney has a fifty-two week low of $78.73 and a fifty-two week high of $122.03. The stock has a market capitalization of $221.91 billion, a PE ratio of 74.56, a PEG ratio of 1.85 and a beta of 1.41.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.25. The company 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% compared to the same quarter last year. During the same period in the prior year, the company earned $0.99 EPS. Equities analysts expect that Walt Disney will post 4.62 earnings per share for the current fiscal year.

Insider Activity at Walt Disney

In related news, EVP Sonia L. Coleman sold 898 shares of Walt Disney stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $90.11, for a total transaction of $80,918.78. Following the completion of the sale, the executive vice president now owns 1,861 shares in the company, valued at approximately $167,694.71. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in DIS. Trian Fund Management L.P. raised its stake in shares of Walt Disney by 411.6% during the 3rd quarter. Trian Fund Management L.P. now owns 32,868,307 shares of the entertainment giant’s stock worth $2,663,976,000 after acquiring an additional 26,443,257 shares in the last quarter. Moneta Group Investment Advisors LLC raised its stake in shares of Walt Disney by 109,924.5% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 23,666,275 shares of the entertainment giant’s stock worth $2,056,126,000 after acquiring an additional 23,644,765 shares in the last quarter. Norges Bank bought a new position in shares of Walt Disney during the 4th quarter worth approximately $1,938,647,000. Morgan Stanley raised its stake in shares of Walt Disney by 13.5% during the 4th quarter. Morgan Stanley now owns 46,172,567 shares of the entertainment giant’s stock worth $4,011,473,000 after acquiring an additional 5,499,014 shares in the last quarter. Finally, ValueAct Holdings L.P. bought a new position in shares of Walt Disney during the 4th quarter worth approximately $459,245,000. 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.