Analysts Set The Walt Disney Company (NYSE:DIS) Price Target at $123.54

The Walt Disney Company (NYSE:DIS) has been given a consensus recommendation of “Moderate Buy” by the twenty-five research firms that are covering the company, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $123.54.

DIS has been the subject of several research analyst reports. Rosenblatt Securities restated a “buy” rating and set a $135.00 price objective on shares of Walt Disney in a research report on Monday, February 10th. Prescient Securities lowered their price target on shares of Walt Disney from $130.00 to $115.00 and set a “neutral” rating for the company in a report on Tuesday, February 4th. Citigroup reiterated a “buy” rating and set a $125.00 price target on shares of Walt Disney in a report on Wednesday, January 22nd. Guggenheim lowered their price target on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, May 8th. Finally, UBS Group upped their price target on shares of Walt Disney from $105.00 to $120.00 and gave the stock a “buy” rating in a report on Thursday, May 8th.

Walt Disney Stock Up 0.9%

Shares of DIS opened at $113.26 on Friday. Walt Disney has a one year low of $80.10 and a one year high of $118.63. The company has a market cap of $203.62 billion, a P/E ratio of 36.89, a P/E/G ratio of 1.80 and a beta of 1.49. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62. The firm has a 50 day simple moving average of $94.62 and a two-hundred day simple moving average of $104.66.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Wednesday, May 7th. The entertainment giant reported $1.45 EPS for the quarter, beating the consensus estimate of $1.21 by $0.24. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. The business had revenue of $23.62 billion during the quarter, compared to the consensus estimate of $23.15 billion. During the same period in the previous year, the business earned $1.21 earnings per share. The company’s revenue was up 7.0% on a year-over-year basis. Research analysts forecast that Walt Disney will post 5.47 EPS for the current fiscal year.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of the company’s stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total transaction of $110,840.00. Following the sale, the executive vice president now owns 46,831 shares of the company’s stock, valued at approximately $5,190,748.04. This represents a 2.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.16% of the company’s stock.

Institutional Trading of Walt Disney

A number of institutional investors have recently bought and sold shares of DIS. Norges Bank acquired a new stake in shares of Walt Disney in the 4th quarter valued at about $2,415,427,000. Nuveen LLC acquired a new position in Walt Disney during the 1st quarter valued at about $1,353,607,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in Walt Disney by 1,900.0% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 5,735,961 shares of the entertainment giant’s stock valued at $638,699,000 after purchasing an additional 5,449,158 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in Walt Disney by 75.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 10,858,108 shares of the entertainment giant’s stock valued at $1,209,050,000 after purchasing an additional 4,680,930 shares during the last quarter. Finally, Jennison Associates LLC boosted its stake in Walt Disney by 23.4% during the 4th quarter. Jennison Associates LLC now owns 19,197,463 shares of the entertainment giant’s stock valued at $2,137,637,000 after purchasing an additional 3,636,742 shares during the last quarter. Institutional investors own 65.71% of the company’s stock.

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.