Guggenheim Issues Positive Forecast for Walt Disney (NYSE:DIS) Stock Price

Walt Disney (NYSE:DIS) had its price target boosted by Guggenheim from $110.00 to $130.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a buy rating on the entertainment giant’s stock.

A number of other analysts have also weighed in on DIS. Macquarie increased their price objective on shares of Walt Disney from $91.00 to $110.00 and gave the stock a “neutral” rating in a research note on Friday. Barclays dropped their target price on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Needham & Company LLC reiterated a “buy” rating and issued a $110.00 target price on shares of Walt Disney in a research report on Wednesday, October 23rd. Seaport Res Ptn raised shares of Walt Disney from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 30th. Finally, Loop Capital raised their price target on shares of Walt Disney from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday. Five analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Walt Disney has a consensus rating of “Moderate Buy” and a consensus price target of $123.83.

Walt Disney Trading Down 1.3 %

NYSE DIS opened at $113.55 on Friday. The company has a fifty day simple moving average of $96.07 and a two-hundred day simple moving average of $96.60. The stock has a market cap of $205.93 billion, a P/E ratio of 41.90, a P/E/G ratio of 1.87 and a beta of 1.40. Walt Disney has a 12-month low of $83.91 and a 12-month high of $123.74. The company has a current ratio of 0.73, a quick ratio of 0.66 and a debt-to-equity ratio of 0.37.

Hedge Funds Weigh In On Walt Disney

A number of hedge funds have recently added to or reduced their stakes in DIS. ESL Trust Services LLC bought a new stake in Walt Disney in the first quarter valued at $31,000. William B. Walkup & Associates Inc. bought a new stake in shares of Walt Disney during the second quarter valued at about $32,000. Mascoma Wealth Management LLC grew its holdings in Walt Disney by 38.0% during the second quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock worth $44,000 after acquiring an additional 122 shares during the period. First PREMIER Bank grew its holdings in Walt Disney by 98.1% during the third quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock worth $50,000 after acquiring an additional 256 shares during the period. Finally, FSA Wealth Management LLC purchased a new position in Walt Disney in the 3rd quarter worth about $51,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

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.