Walt Disney (NYSE:DIS) Stock Price Expected to Rise, Loop Capital Analyst Says

Walt Disney (NYSE:DIS) had its price target raised by Loop Capital from $120.00 to $125.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a buy rating on the entertainment giant’s stock.

Several other research firms also recently weighed in on DIS. Rosenblatt Securities reiterated a “buy” rating and issued a $135.00 target price on shares of Walt Disney in a report on Monday, February 10th. Citigroup reaffirmed a “buy” rating and issued a $125.00 price objective on shares of Walt Disney in a research note on Wednesday, January 22nd. Wolfe Research raised Walt Disney from a “peer perform” rating to an “outperform” rating and set a $112.00 target price on the stock in a research note on Monday, April 21st. UBS Group dropped their target price on Walt Disney from $130.00 to $105.00 and set a “buy” rating for the company in a research report on Tuesday, April 15th. Finally, Prescient Securities lowered their price objective on shares of Walt Disney from $130.00 to $115.00 and set a “neutral” rating for the company in a research note on Tuesday, February 4th. Six equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $123.54.

Walt Disney Stock Performance

NYSE:DIS opened at $105.93 on Thursday. The company’s 50-day moving average is $93.86 and its two-hundred day moving average is $104.16. Walt Disney has a 1-year low of $80.10 and a 1-year high of $118.63. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62. The firm has a market capitalization of $191.50 billion, a price-to-earnings ratio of 34.50, a PEG ratio of 1.80 and a beta of 1.49.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.21 by $0.24. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. The firm had revenue of $23.62 billion during the quarter, compared to the consensus estimate of $23.15 billion. During the same period last year, the company earned $1.21 EPS. The company’s quarterly revenue was up 7.0% on a year-over-year basis. Analysts forecast that Walt Disney will post 5.47 EPS for the current year.

Institutional Trading of Walt Disney

Several institutional investors have recently modified their holdings of the company. Norges Bank acquired a new stake in Walt Disney during the fourth quarter valued at approximately $2,415,427,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in shares of Walt Disney by 1,900.0% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 5,735,961 shares of the entertainment giant’s stock valued at $638,699,000 after acquiring an additional 5,449,158 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Walt Disney by 75.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 10,858,108 shares of the entertainment giant’s stock worth $1,209,050,000 after acquiring an additional 4,680,930 shares in the last quarter. Jennison Associates LLC grew its holdings in shares of Walt Disney by 23.4% in the 4th quarter. Jennison Associates LLC now owns 19,197,463 shares of the entertainment giant’s stock worth $2,137,637,000 after acquiring an additional 3,636,742 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Walt Disney during the fourth quarter worth $358,151,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

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.