Walt Disney (NYSE:DIS) Stock Price Up 3.8% – Here’s What Happened

The Walt Disney Company (NYSE:DIS)’s stock price shot up 3.8% during mid-day trading on Monday . The stock traded as high as $110.40 and last traded at $109.99. 4,266,335 shares were traded during trading, a decline of 57% from the average session volume of 9,986,326 shares. The stock had previously closed at $105.94.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on DIS. Guggenheim cut their price objective on Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a report on Thursday. Needham & Company LLC reiterated a “buy” rating and set a $125.00 price objective on shares of Walt Disney in a report on Thursday. Rosenblatt Securities reiterated a “buy” rating and set a $135.00 price objective on shares of Walt Disney in a report on Monday, February 10th. UBS Group increased their price objective on Walt Disney from $105.00 to $120.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Loop Capital increased their price objective on Walt Disney from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday. Six research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Walt Disney has an average rating of “Moderate Buy” and an average price target of $123.54.

Walt Disney Stock Performance

The stock has a market capitalization of $199.79 billion, a price-to-earnings ratio of 36.00, a price-to-earnings-growth ratio of 1.80 and a beta of 1.49. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36. The stock’s 50 day moving average is $93.86 and its two-hundred day moving average is $104.22.

Walt Disney (NYSE:DIS) last announced its earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.21 by $0.24. The firm had revenue of $23.62 billion during the quarter, compared to analyst estimates of $23.15 billion. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.21 EPS. Analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of DIS. Mpwm Advisory Solutions LLC acquired a new position in shares of Walt Disney during the 4th quarter worth approximately $27,000. FPC Investment Advisory Inc. bought a new stake in shares of Walt Disney in the 4th quarter valued at about $28,000. Tacita Capital Inc raised its holdings in shares of Walt Disney by 93.2% in the 4th quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant’s stock valued at $29,000 after purchasing an additional 124 shares during the period. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Walt Disney in the 1st quarter valued at about $26,000. Finally, Kessler Investment Group LLC raised its holdings in shares of Walt Disney by 274.0% in the 1st quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant’s stock valued at $27,000 after purchasing an additional 200 shares during the period. 65.71% of the stock is owned by institutional investors and hedge funds.

About Walt Disney

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.