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.
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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