Evercore ISI Cuts Walt Disney (NYSE:DIS) Price Target to $128.00

Walt Disney (NYSE:DIS) had its price objective cut by analysts at Evercore ISI from $130.00 to $128.00 in a report released on Wednesday, Benzinga reports. The brokerage currently has an “outperform” rating on the entertainment giant’s stock. Evercore ISI’s target price indicates a potential upside of 21.17% from the company’s current price.

Several other analysts also recently weighed in on the company. UBS Group dropped their price objective on Walt Disney from $140.00 to $130.00 and set a “buy” rating for the company in a research report on Wednesday. Tigress Financial reiterated a “buy” rating and issued a $136.00 price target on shares of Walt Disney in a research note on Wednesday, February 21st. Needham & Company LLC reaffirmed a “buy” rating and set a $145.00 price target on shares of Walt Disney in a research note on Tuesday. Guggenheim lifted their price objective on Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, April 3rd. Finally, Daiwa Capital Markets restated a “buy” rating and issued a $133.00 price target on shares of Walt Disney in a research report on Monday, April 1st. One analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-three have issued a buy rating to the stock. According to MarketBeat, Walt Disney currently has an average rating of “Moderate Buy” and an average price target of $126.67.

Walt Disney Stock Performance

DIS traded up $0.25 during trading hours on Wednesday, reaching $105.64. The company’s stock had a trading volume of 7,017,437 shares, compared to its average volume of 12,006,195. The firm has a market cap of $193.78 billion, a PE ratio of 65.12, a price-to-earnings-growth ratio of 1.39 and a beta of 1.40. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.77 and a current ratio of 0.84. Walt Disney has a 52 week low of $78.73 and a 52 week high of $123.74. The company’s 50-day moving average is $114.59 and its 200-day moving average is $101.21.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Tuesday, May 7th. The entertainment giant reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. The firm had revenue of $22.08 billion for the quarter, compared to analyst estimates of $22.12 billion. Walt Disney had a return on equity of 7.88% and a net margin of 3.36%. The company’s revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the company earned $0.93 EPS. On average, equities analysts forecast that Walt Disney will post 4.7 EPS for the current year.

Insider Transactions at Walt Disney

In related news, EVP Sonia L. Coleman sold 1,857 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $121.92, for a total value of $226,405.44. Following the transaction, the executive vice president now directly owns 4,400 shares in the company, valued at $536,448. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.10% of the company’s stock.

Institutional Trading of Walt Disney

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Planned Solutions Inc. bought a new position in Walt Disney during the fourth quarter valued at approximately $26,000. Gold Investment Management Ltd. bought a new position in Walt Disney in the fourth quarter valued at about $28,000. Partnership Wealth Management LLC bought a new stake in shares of Walt Disney during the 4th quarter valued at about $33,000. Stone House Investment Management LLC lifted its stake in shares of Walt Disney by 355.3% in the 4th quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock worth $31,000 after purchasing an additional 270 shares during the period. Finally, Red Tortoise LLC grew its position in Walt Disney by 141.4% during the first quarter. Red Tortoise LLC now owns 367 shares of the entertainment giant’s stock valued at $45,000 after buying an additional 215 shares during the period. 65.71% of the stock is currently owned by institutional investors.

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.