Bank of America set a $144.00 price target on Walt Disney (NYSE:DIS) in a research note issued to investors on Friday, TipRanks reports. The firm currently has a buy rating on the entertainment giant’s stock.

A number of other brokerages also recently commented on DIS. JPMorgan Chase & Co. initiated coverage on Walt Disney in a report on Friday. They set an overweight rating and a $137.00 target price for the company. Cowen upgraded Walt Disney from a market perform rating to an outperform rating and set a $115.90 target price for the company in a report on Tuesday, April 9th. Tigress Financial restated a buy rating on shares of Walt Disney in a report on Tuesday, February 12th. Edward Jones upgraded Walt Disney from a hold rating to a buy rating in a report on Wednesday, February 13th. Finally, Citigroup increased their price objective on Walt Disney from $126.00 to $132.00 and gave the stock a buy rating in a report on Tuesday, April 9th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nineteen have given a buy rating to the company. Walt Disney has an average rating of Buy and a consensus target price of $130.20.

Shares of Walt Disney stock opened at $132.04 on Friday. The company has a quick ratio of 0.92, a current ratio of 1.00 and a debt-to-equity ratio of 0.32. The company has a market cap of $193.89 billion, a P/E ratio of 18.65, a price-to-earnings-growth ratio of 3.22 and a beta of 0.91. Walt Disney has a 52 week low of $97.68 and a 52 week high of $132.70.

Walt Disney (NYSE:DIS) last announced its earnings results on Tuesday, February 5th. The entertainment giant reported $1.84 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.27. The company had revenue of $15.30 billion during the quarter, compared to the consensus estimate of $15.20 billion. Walt Disney had a return on equity of 20.50% and a net margin of 18.46%. The firm’s revenue for the quarter was down .3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.89 earnings per share. On average, equities analysts predict that Walt Disney will post 6.88 earnings per share for the current fiscal year.

In other news, EVP Brent Woodford sold 2,000 shares of the stock in a transaction on Thursday, February 21st. The stock was sold at an average price of $114.35, for a total value of $228,700.00. Following the sale, the executive vice president now directly owns 26,517 shares of the company’s stock, valued at $3,032,218.95. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Zenia B. Mucha sold 33,000 shares of the stock in a transaction on Friday, April 12th. The stock was sold at an average price of $128.88, for a total value of $4,253,040.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 37,000 shares of company stock valued at $4,708,940. 0.36% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Litman Gregory Asset Management LLC purchased a new stake in Walt Disney during the 4th quarter valued at about $25,000. Crewe Advisors LLC grew its stake in Walt Disney by 55.6% during the 4th quarter. Crewe Advisors LLC now owns 280 shares of the entertainment giant’s stock valued at $31,000 after purchasing an additional 100 shares during the last quarter. Stone House Investment Management LLC purchased a new stake in Walt Disney during the 1st quarter valued at about $37,000. Clarfeld Financial Advisors LLC purchased a new stake in Walt Disney during the 4th quarter valued at about $42,000. Finally, Portfolio Solutions LLC purchased a new stake in Walt Disney during the 4th quarter valued at about $43,000. 64.61% of the stock is currently owned by hedge funds and other institutional investors.

Walt Disney Company Profile

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses.

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Analyst Recommendations for Walt Disney (NYSE:DIS)

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