Walt Disney (NYSE:DIS) Trading Up 3% After Analyst Upgrade

The Walt Disney Company (NYSE:DIS) shares were up 3% during mid-day trading on Friday after Needham & Company LLC raised their price target on the stock from $110.00 to $130.00. Needham & Company LLC currently has a buy rating on the stock. Walt Disney traded as high as $112.76 and last traded at $112.44. Approximately 5,048,202 shares were traded during trading, a decline of 54% from the average daily volume of 10,883,752 shares. The stock had previously closed at $109.12.

Several other equities analysts also recently issued reports on DIS. TD Cowen boosted their price target on shares of Walt Disney from $108.00 to $123.00 and gave the company a “hold” rating in a report on Friday. Wells Fargo & Company upped their price objective on shares of Walt Disney from $116.00 to $138.00 and gave the stock an “overweight” rating in a report on Friday. Bank of America upped their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a report on Friday. Piper Sandler began coverage on shares of Walt Disney in a research report on Wednesday, October 16th. They issued a “neutral” rating and a $95.00 price target on the stock. Finally, Evercore ISI boosted their price target on shares of Walt Disney from $105.00 to $128.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Five analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Walt Disney currently has an average rating of “Moderate Buy” and an average target price of $123.57.

Institutional Trading of Walt Disney

Several large investors have recently bought and sold shares of the business. William B. Walkup & Associates Inc. bought a new stake in Walt Disney in the second quarter worth approximately $32,000. Mascoma Wealth Management LLC boosted its position in Walt Disney by 38.0% in the second quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock worth $44,000 after purchasing an additional 122 shares during the last quarter. First PREMIER Bank boosted its position in Walt Disney by 98.1% in the third quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock worth $50,000 after purchasing an additional 256 shares during the last quarter. FSA Wealth Management LLC bought a new stake in shares of Walt Disney in the third quarter valued at $51,000. Finally, Iron Horse Wealth Management LLC raised its stake in shares of Walt Disney by 148.7% during the 2nd quarter. Iron Horse Wealth Management LLC now owns 557 shares of the entertainment giant’s stock valued at $55,000 after purchasing an additional 333 shares during the period. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Price Performance

The firm has a market capitalization of $208.71 billion, a P/E ratio of 44.25, a price-to-earnings-growth ratio of 1.67 and a beta of 1.40. The business has a 50 day simple moving average of $95.57 and a two-hundred day simple moving average of $96.79. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.66 and a current ratio of 0.72.

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.