Raymond James Raises Walt Disney (NYSE:DIS) Price Target to $128.00

Walt Disney (NYSE:DIS) had its price target raised by Raymond James from $112.00 to $128.00 in a research note released on Tuesday, Benzinga reports. They currently have an outperform rating on the entertainment giant’s stock.

DIS has been the subject of a number of other research reports. Deutsche Bank Aktiengesellschaft dropped their price objective on Walt Disney from $115.00 to $110.00 and set a buy rating for the company in a research note on Wednesday, February 7th. Macquarie increased their price objective on Walt Disney from $94.00 to $104.00 and gave the company a neutral rating in a research note on Thursday, February 8th. Morgan Stanley raised their price target on Walt Disney from $110.00 to $135.00 and gave the stock an overweight rating in a research note on Monday, March 4th. Barclays raised Walt Disney from an equal weight rating to an overweight rating and raised their price target for the stock from $95.00 to $135.00 in a research note on Monday. Finally, Wells Fargo & Company raised their price target on Walt Disney from $115.00 to $128.00 and gave the stock an overweight rating in a research note on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat, Walt Disney has an average rating of Moderate Buy and a consensus price target of $117.77.

Walt Disney Price Performance

Shares of NYSE:DIS opened at $122.36 on Tuesday. The company has a market capitalization of $224.44 billion, a P/E ratio of 75.61, a price-to-earnings-growth ratio of 1.84 and a beta of 1.41. Walt Disney has a fifty-two week low of $78.73 and a fifty-two week high of $123.74. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.77 and a current ratio of 0.84. The company’s 50-day moving average is $107.28 and its 200 day moving average is $94.53.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Tuesday, February 6th. The entertainment giant reported $1.22 EPS for the quarter, beating the consensus estimate of $0.97 by $0.25. Walt Disney had a net margin of 3.36% and a return on equity of 7.88%. The business had revenue of $23.50 billion for the quarter, compared to the consensus estimate of $23.71 billion. During the same period in the prior year, the firm earned $0.99 earnings per share. The company’s revenue was down .1% compared to the same quarter last year. On average, equities research analysts forecast that Walt Disney will post 4.66 earnings per share for the current year.

Walt Disney Cuts Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Thursday, July 25th. Investors of record on Monday, July 8th will be given a dividend of $0.45 per share. This represents a yield of 0.5%. The ex-dividend date of this dividend is Monday, July 8th. Walt Disney’s payout ratio is currently 18.52%.

Insider Buying and Selling

In other Walt Disney news, EVP Sonia L. Coleman sold 898 shares of the stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $90.11, for a total transaction of $80,918.78. Following the completion of the transaction, the executive vice president now owns 1,861 shares of the company’s stock, valued at $167,694.71. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Dark Forest Capital Management LP acquired a new position in shares of Walt Disney in the 1st quarter valued at $28,000. Worth Asset Management LLC acquired a new position in shares of Walt Disney in the 1st quarter valued at $29,000. Planned Solutions Inc. acquired a new position in shares of Walt Disney in the 4th quarter valued at $26,000. Gold Investment Management Ltd. acquired a new position in shares of Walt Disney in the 4th quarter valued at $28,000. Finally, SkyView Investment Advisors LLC increased its holdings in shares of Walt Disney by 172.6% in the 2nd quarter. SkyView Investment Advisors LLC now owns 319 shares of the entertainment giant’s stock valued at $78,000 after acquiring an additional 202 shares during the period. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Company Profile

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.