Analysts Set The Walt Disney Company (NYSE:DIS) Price Target at $118.05

The Walt Disney Company (NYSE:DIS) has earned an average recommendation of “Moderate Buy” from the twenty-two brokerages that are covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation, seventeen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $118.05.

DIS has been the subject of a number of recent research reports. Morgan Stanley lowered their target price on Walt Disney from $130.00 to $110.00 and set an “overweight” rating for the company in a report on Monday, August 5th. Moffett Nathanson lowered their price objective on Walt Disney from $130.00 to $125.00 and set a “buy” rating for the company in a research note on Tuesday, July 2nd. Wells Fargo & Company cut their target price on shares of Walt Disney from $136.00 to $116.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Barclays decreased their price target on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Finally, Bank of America cut their price target on shares of Walt Disney from $145.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, August 8th.

Insiders Place Their Bets

In other news, Director Calvin Mcdonald bought 11,756 shares of the stock in a transaction dated Thursday, August 8th. The shares were bought at an average cost of $85.06 per share, with a total value of $999,965.36. Following the completion of the transaction, the director now directly owns 22,313 shares of the company’s stock, valued at $1,897,943.78. This trade represents a 100.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.10% of the company’s stock.

Institutional Investors Weigh In On Walt Disney

Hedge funds and other institutional investors have recently made changes to their positions in the business. Austin Private Wealth LLC bought a new stake in shares of Walt Disney in the 1st quarter worth $234,000. Capital Advisors Wealth Management LLC bought a new position in shares of Walt Disney during the 1st quarter worth approximately $229,000. DLK Investment Management LLC boosted its stake in shares of Walt Disney by 8.8% in the 1st quarter. DLK Investment Management LLC now owns 31,124 shares of the entertainment giant’s stock worth $3,808,000 after buying an additional 2,527 shares during the last quarter. Hoxton Planning & Management LLC purchased a new stake in shares of Walt Disney during the first quarter valued at approximately $240,000. Finally, ARGA Investment Management LP lifted its holdings in Walt Disney by 119.7% during the first quarter. ARGA Investment Management LP now owns 423,977 shares of the entertainment giant’s stock worth $51,878,000 after acquiring an additional 231,024 shares during the period. 65.71% of the stock is owned by institutional investors.

Walt Disney Stock Down 0.8 %

DIS stock opened at $95.43 on Tuesday. The firm has a 50-day moving average price of $92.36 and a 200-day moving average price of $98.44. Walt Disney has a 12 month low of $79.23 and a 12 month high of $123.74. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $173.97 billion, a P/E ratio of 103.73, a price-to-earnings-growth ratio of 1.49 and a beta of 1.40.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Wednesday, August 7th. The entertainment giant reported $1.39 EPS for the quarter, beating the consensus estimate of $1.20 by $0.19. The business had revenue of $23.20 billion during the quarter, compared to the consensus estimate of $23.08 billion. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The firm’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.03 EPS. As a group, equities research analysts anticipate that Walt Disney will post 4.92 EPS for the current fiscal year.

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.