Walt Disney (NYSE:DIS) PT Lowered to $128.00

Walt Disney (NYSE:DIS) had its target price reduced by analysts at Evercore ISI from $130.00 to $128.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has an “outperform” rating on the entertainment giant’s stock. Evercore ISI’s price target would indicate a potential upside of 20.98% from the company’s previous close.

Other equities analysts also recently issued research reports about the company. Guggenheim boosted their target price on Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, April 3rd. Daiwa Capital Markets reiterated a “buy” rating and set a $133.00 target price on shares of Walt Disney in a research note on Monday, April 1st. Macquarie increased their price target on shares of Walt Disney from $94.00 to $104.00 and gave the company a “neutral” rating in a research report on Thursday, February 8th. Tigress Financial reissued a “buy” rating and set a $136.00 target price on shares of Walt Disney in a research report on Wednesday, February 21st. Finally, The Goldman Sachs Group decreased their target price on Walt Disney from $125.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday, February 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-three have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $126.46.

Walt Disney Trading Up 0.3 %

Shares of Walt Disney stock opened at $105.80 on Wednesday. The company has a market capitalization of $194.07 billion, a P/E ratio of 115.00, a price-to-earnings-growth ratio of 1.39 and a beta of 1.40. The stock has a fifty day simple moving average of $114.48 and a 200 day simple moving average of $101.24. Walt Disney has a 12-month low of $78.73 and a 12-month high of $123.74. The company has a current ratio of 0.84, a quick ratio of 0.77 and a debt-to-equity ratio of 0.39.

Walt Disney (NYSE:DIS) last posted its earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.09. Walt Disney had a net margin of 3.36% and a return on equity of 7.88%. The firm had revenue of $22.08 billion during the quarter, compared to analyst estimates of $22.12 billion. During the same quarter in the prior year, the business posted $0.93 EPS. The business’s revenue was up 1.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Walt Disney will post 4.7 earnings per share for the current fiscal year.

Insider Activity

In related news, Director James P. Gorman purchased 20,000 shares of Walt Disney stock in a transaction that occurred on Wednesday, May 8th. The shares were acquired at an average cost of $106.03 per share, for a total transaction of $2,120,600.00. Following the transaction, the director now directly owns 20,467 shares in the company, valued at $2,170,116.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Sonia L. Coleman sold 4,400 shares of Walt Disney stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $106.00, for a total transaction of $466,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James P. Gorman purchased 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The stock was bought at an average price of $106.03 per share, for a total transaction of $2,120,600.00. Following the purchase, the director now directly owns 20,467 shares in the company, valued at $2,170,116.01. The disclosure for this purchase can be found here. 0.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Walt Disney

Several hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in shares of Walt Disney by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 151,443,502 shares of the entertainment giant’s stock worth $13,673,834,000 after purchasing an additional 1,555,748 shares during the last quarter. Morgan Stanley boosted its holdings in Walt Disney by 0.4% in the third quarter. Morgan Stanley now owns 44,318,444 shares of the entertainment giant’s stock worth $3,592,010,000 after purchasing an additional 195,512 shares during the last quarter. Trian Fund Management L.P. grew its position in Walt Disney by 411.6% in the 3rd quarter. Trian Fund Management L.P. now owns 32,868,307 shares of the entertainment giant’s stock worth $2,663,976,000 after purchasing an additional 26,443,257 shares during the period. Northern Trust Corp raised its stake in Walt Disney by 10.6% during the 3rd quarter. Northern Trust Corp now owns 24,859,476 shares of the entertainment giant’s stock valued at $2,014,861,000 after buying an additional 2,384,407 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Walt Disney during the 4th quarter valued at $1,938,647,000. 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.