Walt Disney (NYSE:DIS) PT Raised to $141.00

Walt Disney (NYSE:DIS) had its price objective raised by analysts at Wells Fargo & Company from $128.00 to $141.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage presently has an “overweight” rating on the entertainment giant’s stock. Wells Fargo & Company‘s price target would suggest a potential upside of 23.74% from the company’s previous close.

A number of other equities analysts also recently issued reports on DIS. The Goldman Sachs Group dropped their price target on Walt Disney from $125.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday, February 8th. Needham & Company LLC raised their price objective on Walt Disney from $120.00 to $145.00 and gave the company a “buy” rating in a research report on Thursday, March 28th. Bank of America lifted their price objective on shares of Walt Disney from $130.00 to $145.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. Raymond James increased their price objective on Walt Disney from $112.00 to $128.00 and gave the company an “outperform” rating in a report on Tuesday, March 26th. Finally, UBS Group boosted their target price on Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, March 27th. One analyst has rated the stock with a sell rating, three have given a hold rating and twenty-two have given a buy rating to the stock. According to MarketBeat, Walt Disney has a consensus rating of “Moderate Buy” and a consensus price target of $125.08.

Walt Disney Stock Performance

Walt Disney stock opened at $113.95 on Tuesday. Walt Disney has a twelve month low of $78.73 and a twelve month high of $123.74. The company has a quick ratio of 0.77, a current ratio of 0.84 and a debt-to-equity ratio of 0.39. The company’s 50-day moving average price is $114.15 and its 200-day moving average price is $99.37. The company has a market cap of $209.02 billion, a PE ratio of 70.34, a price-to-earnings-growth ratio of 1.38 and a beta of 1.42.

Walt Disney (NYSE:DIS) last announced its earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.25. Walt Disney had a return on equity of 7.88% and a net margin of 3.36%. The business had revenue of $23.50 billion during the quarter, compared to analyst estimates of $23.71 billion. During the same quarter in the previous year, the business earned $0.99 earnings per share. The company’s revenue for the quarter was down .1% compared to the same quarter last year. On average, equities research analysts forecast that Walt Disney will post 4.66 EPS for the current fiscal year.

Insider Buying and Selling at Walt Disney

In other news, EVP Sonia L. Coleman sold 1,857 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $121.92, for a total transaction of $226,405.44. Following the transaction, the executive vice president now owns 4,400 shares in the company, valued at approximately $536,448. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Walt Disney

Large investors have recently bought and sold shares of the company. Planned Solutions Inc. acquired a new position in Walt Disney in the 4th quarter valued at $26,000. Gold Investment Management Ltd. acquired a new stake in shares of Walt Disney in the fourth quarter valued at about $28,000. Fortis Group Advisors LLC purchased a new position in shares of Walt Disney in the third quarter worth about $30,000. Stone House Investment Management LLC boosted its position in Walt Disney by 355.3% during the fourth quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock worth $31,000 after acquiring an additional 270 shares during the last quarter. Finally, Partnership Wealth Management LLC purchased a new stake in Walt Disney during the 4th quarter valued at about $33,000. 65.71% of the stock is currently owned by hedge funds and other 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.