Walt Disney (NYSE:DIS) PT Raised to $229.00

Walt Disney (NYSE:DIS) had its price objective increased by research analysts at Tigress Financial from $227.00 to $229.00 in a report released on Thursday, Price Targets.com reports. The firm currently has a “buy” rating on the entertainment giant’s stock. Tigress Financial’s price objective would indicate a potential upside of 50.72% from the stock’s previous close.

DIS has been the topic of several other reports. Morgan Stanley dropped their price objective on Walt Disney from $210.00 to $185.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 14th. The Goldman Sachs Group dropped their price objective on Walt Disney from $218.00 to $209.00 and set a “buy” rating on the stock in a research report on Thursday, November 11th. Rosenblatt Securities reaffirmed a “buy” rating and set a $219.00 price objective on shares of Walt Disney in a research report on Wednesday, November 10th. Daiwa Capital Markets started coverage on Walt Disney in a research report on Tuesday, September 21st. They set a “buy” rating and a $225.00 price objective on the stock. Finally, Moffett Nathanson dropped their price objective on Walt Disney from $185.00 to $180.00 and set a “neutral” rating on the stock in a research report on Monday, October 18th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-one have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $196.64.

Shares of NYSE:DIS opened at $151.94 on Thursday. Walt Disney has a 1-year low of $142.04 and a 1-year high of $203.02. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.08 and a quick ratio of 1.04. The business has a fifty day moving average price of $154.33 and a 200-day moving average price of $168.93. The company has a market capitalization of $276.17 billion, a PE ratio of 139.39, a PEG ratio of 1.65 and a beta of 1.19.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Wednesday, November 10th. The entertainment giant reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.13). Walt Disney had a net margin of 2.96% and a return on equity of 4.86%. The company had revenue of $18.53 billion for the quarter, compared to the consensus estimate of $18.85 billion. During the same quarter in the previous year, the business earned ($0.20) earnings per share. On average, sell-side analysts anticipate that Walt Disney will post 4.21 earnings per share for the current fiscal year.

In related news, CFO Christine M. Mccarthy sold 10,000 shares of Walt Disney stock in a transaction that occurred on Wednesday, January 12th. The stock was sold at an average price of $158.60, for a total transaction of $1,586,000.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Brent Woodford sold 2,868 shares of Walt Disney stock in a transaction that occurred on Tuesday, January 4th. The shares were sold at an average price of $158.89, for a total value of $455,696.52. The disclosure for this sale can be found here. Insiders have sold a total of 22,868 shares of company stock worth $3,562,297 in the last three months. 0.25% of the stock is owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in Walt Disney by 0.7% in the 2nd quarter. Vanguard Group Inc. now owns 136,666,060 shares of the entertainment giant’s stock worth $24,021,793,000 after acquiring an additional 940,877 shares during the last quarter. BlackRock Inc. increased its stake in Walt Disney by 0.3% in the 3rd quarter. BlackRock Inc. now owns 119,795,456 shares of the entertainment giant’s stock worth $20,265,797,000 after acquiring an additional 314,932 shares during the last quarter. State Street Corp increased its stake in Walt Disney by 1.9% in the 2nd quarter. State Street Corp now owns 71,914,682 shares of the entertainment giant’s stock worth $12,640,444,000 after acquiring an additional 1,355,380 shares during the last quarter. Morgan Stanley increased its stake in Walt Disney by 8.0% in the 3rd quarter. Morgan Stanley now owns 35,294,697 shares of the entertainment giant’s stock worth $5,970,803,000 after acquiring an additional 2,628,220 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in Walt Disney by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 28,284,577 shares of the entertainment giant’s stock worth $4,770,379,000 after acquiring an additional 355,101 shares during the last quarter. 63.93% of the stock is currently owned by institutional investors and hedge funds.

About Walt Disney

The Walt Disney Co is a diversified international family entertainment and media enterprise. It operates through the following segments: Disney Media and Entertainment Distribution (DMED) and Disney Parks, Experiences and Products (DPEP). The DMED segment encompasses the company’s global film and episodic television content production and distribution activities.

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Analyst Recommendations for Walt Disney (NYSE:DIS)

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