Walt Disney (NYSE:DIS) Trading 0.8% Higher – Should You Buy?

The Walt Disney Company (NYSE:DIS)’s stock price traded up 0.8% during trading on Wednesday . The company traded as high as $82.79 and last traded at $82.34. 4,012,792 shares traded hands during mid-day trading, a decline of 59% from the average session volume of 9,860,595 shares. The stock had previously closed at $81.72.

Analyst Ratings Changes

A number of analysts recently commented on the company. Morgan Stanley boosted their target price on Walt Disney from $125.00 to $130.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Loop Capital boosted their price target on shares of Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday, March 4th. The Goldman Sachs Group lifted their price objective on shares of Walt Disney from $137.00 to $139.00 and gave the company a “buy” rating in a report on Tuesday, February 4th. Citigroup restated a “buy” rating and issued a $125.00 target price on shares of Walt Disney in a report on Wednesday, January 22nd. Finally, Barclays lowered their price target on Walt Disney from $125.00 to $115.00 and set an “overweight” rating for the company in a research report on Tuesday. Six investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Walt Disney has an average rating of “Moderate Buy” and a consensus target price of $125.75.

Walt Disney Stock Up 9.9 %

The firm has a market cap of $162.31 billion, a PE ratio of 29.28, a PEG ratio of 1.80 and a beta of 1.44. The stock has a 50 day simple moving average of $103.84 and a 200-day simple moving average of $105.05. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62.

Walt Disney (NYSE:DIS) last issued its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.32. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. Sell-side analysts predict that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Institutional Investors Weigh In On Walt Disney

Large investors have recently bought and sold shares of the business. United Bank increased its position in Walt Disney by 6.2% during the third quarter. United Bank now owns 12,145 shares of the entertainment giant’s stock valued at $1,168,000 after acquiring an additional 712 shares during the last quarter. Morse Asset Management Inc grew its position in Walt Disney by 17.5% during the third quarter. Morse Asset Management Inc now owns 21,366 shares of the entertainment giant’s stock valued at $2,055,000 after buying an additional 3,185 shares during the period. Nomura Asset Management Co. Ltd. raised its position in Walt Disney by 3.6% in the third quarter. Nomura Asset Management Co. Ltd. now owns 660,647 shares of the entertainment giant’s stock worth $63,548,000 after acquiring an additional 22,810 shares during the period. Groupama Asset Managment boosted its stake in shares of Walt Disney by 11.2% during the 3rd quarter. Groupama Asset Managment now owns 249,689 shares of the entertainment giant’s stock worth $240,000 after acquiring an additional 25,120 shares during the last quarter. Finally, Executive Wealth Management LLC purchased a new position in Walt Disney during the third quarter valued at $227,000. 65.71% of the stock is currently owned by institutional investors.

Walt Disney Company Profile

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.