Walt Disney (NYSE:DIS) Price Target Lowered to $115.00 at Barclays

Walt Disney (NYSE:DIS) had its price target lowered by equities research analysts at Barclays from $125.00 to $115.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the entertainment giant’s stock. Barclays‘s price objective would suggest a potential upside of 40.97% from the company’s previous close.

A number of other research analysts have also recently issued reports on DIS. Prescient Securities reduced their target price on Walt Disney from $130.00 to $115.00 and set a “neutral” rating on the stock in a report on Tuesday, February 4th. Rosenblatt Securities reissued a “buy” rating and issued a $135.00 price objective on shares of Walt Disney in a research note on Monday, February 10th. Loop Capital raised their target price on Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday, March 4th. Needham & Company LLC reissued a “buy” rating and issued a $130.00 target price on shares of Walt Disney in a research note on Wednesday, February 5th. Finally, The Goldman Sachs Group increased 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 investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $125.75.

Walt Disney Price Performance

NYSE:DIS traded down $1.73 during trading hours on Tuesday, reaching $81.58. The company had a trading volume of 11,918,992 shares, compared to its average volume of 9,866,242. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36. The stock has a 50-day moving average of $105.08 and a two-hundred day moving average of $105.21. Walt Disney has a one year low of $80.10 and a one year high of $118.63. The firm has a market capitalization of $147.47 billion, a PE ratio of 26.57, a PEG ratio of 1.80 and a beta of 1.44.

Walt Disney (NYSE:DIS) last posted its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share 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%. 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 large investors have recently modified their holdings of the business. Mpwm Advisory Solutions LLC acquired a new position in Walt Disney during the fourth quarter valued at approximately $27,000. FPC Investment Advisory Inc. acquired a new stake in shares of Walt Disney in the 4th quarter valued at approximately $28,000. Tacita Capital Inc grew its stake in shares of Walt Disney by 93.2% in the fourth quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant’s stock valued at $29,000 after buying an additional 124 shares in the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new position in Walt Disney during the fourth quarter worth $32,000. Finally, Midwest Capital Advisors LLC acquired a new position in Walt Disney during the fourth quarter worth $34,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

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.