Walt Disney (NYSE:DIS) Price Target Raised to $120.00

Walt Disney (NYSE:DIS) had its price target raised by Barclays from $115.00 to $120.00 in a report issued on Thursday,Benzinga reports. They currently have an overweight rating on the entertainment giant’s stock.

DIS has been the topic of several other reports. Wolfe Research raised shares of Walt Disney from a “peer perform” rating to an “outperform” rating and set a $112.00 price objective on the stock in a research report on Monday, April 21st. Loop Capital upped their price objective on Walt Disney from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday. Citigroup reissued a “buy” rating and issued a $125.00 target price on shares of Walt Disney in a research report on Wednesday, January 22nd. Rosenblatt Securities reaffirmed a “buy” rating and set a $135.00 price target on shares of Walt Disney in a research report on Monday, February 10th. Finally, 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. Six equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $123.54.

Walt Disney Stock Performance

DIS stock opened at $105.93 on Thursday. Walt Disney has a 1-year low of $80.10 and a 1-year high of $118.63. The business’s 50-day moving average price is $93.86 and its two-hundred day moving average price is $104.16. The firm has a market cap of $191.50 billion, a PE ratio of 34.50, a P/E/G ratio of 1.80 and a beta of 1.49. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.24. The business had revenue of $23.62 billion during the quarter, compared to analyst estimates of $23.15 billion. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. Walt Disney’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.21 EPS. As a group, research analysts forecast that Walt Disney will post 5.47 earnings per share for the current year.

Hedge Funds Weigh In On Walt Disney

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DIS. Legacy Private Trust Co. grew its position in shares of Walt Disney by 3.9% in the fourth quarter. Legacy Private Trust Co. now owns 14,712 shares of the entertainment giant’s stock valued at $1,638,000 after purchasing an additional 555 shares during the last quarter. Fortitude Family Office LLC grew its holdings in Walt Disney by 4.9% in the 4th quarter. Fortitude Family Office LLC now owns 2,568 shares of the entertainment giant’s stock valued at $286,000 after buying an additional 119 shares in the last quarter. Baker Tilly Wealth Management LLC increased its position in Walt Disney by 7.6% during the 4th quarter. Baker Tilly Wealth Management LLC now owns 14,804 shares of the entertainment giant’s stock worth $1,648,000 after buying an additional 1,046 shares during the period. ORG Partners LLC lifted its holdings in shares of Walt Disney by 29.7% during the fourth quarter. ORG Partners LLC now owns 2,405 shares of the entertainment giant’s stock worth $268,000 after buying an additional 551 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its position in shares of Walt Disney by 39.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 1,514,810 shares of the entertainment giant’s stock valued at $168,674,000 after acquiring an additional 425,012 shares during the period. 65.71% of the stock is owned by institutional investors.

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.