Analysts Set The Walt Disney Company (NYSE:DIS) Price Target at $192.00

The Walt Disney Company (NYSE:DIS) has been given an average recommendation of “Buy” by the thirty-two brokerages that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and twenty-one have given a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $195.48.

Several equities research analysts have weighed in on the company. UBS Group upped their target price on The Walt Disney from $200.00 to $215.00 and gave the stock a “buy” rating in a research note on Wednesday, February 17th. JPMorgan Chase & Co. increased their price target on The Walt Disney from $210.00 to $220.00 and gave the company an “overweight” rating in a research note on Friday, February 12th. Truist dropped their price target on The Walt Disney from $205.00 to $200.00 and set a “buy” rating for the company in a research note on Monday, May 17th. They noted that the move was a valuation call. Loop Capital increased their price target on The Walt Disney from $190.00 to $230.00 in a research note on Friday, February 12th. Finally, Credit Suisse Group increased their price target on The Walt Disney from $192.00 to $218.00 and gave the company an “outperform” rating in a research note on Friday, February 12th. They noted that the move was a valuation call.

In related news, Director Susan E. Arnold sold 8,400 shares of The Walt Disney stock in a transaction that occurred on Wednesday, June 2nd. The shares were sold at an average price of $177.75, for a total value of $1,493,100.00. Following the sale, the director now owns 41,498 shares of the company’s stock, valued at approximately $7,376,269.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Robert A. Iger sold 550,570 shares of The Walt Disney stock in a transaction that occurred on Tuesday, June 1st. The stock was sold at an average price of $179.21, for a total transaction of $98,667,649.70. Following the completion of the sale, the chairman now directly owns 569,131 shares in the company, valued at approximately $101,993,966.51. The disclosure for this sale can be found here. 0.25% of the stock is owned by company insiders.

Several large investors have recently bought and sold shares of DIS. Flagship Private Wealth LLC bought a new stake in shares of The Walt Disney in the 4th quarter worth approximately $27,000. Inspire Advisors LLC bought a new stake in shares of The Walt Disney in the 4th quarter worth approximately $27,000. FORA Capital LLC purchased a new position in The Walt Disney in the 1st quarter valued at approximately $28,000. Advanced Research Investment Solutions LLC grew its stake in The Walt Disney by 50.9% in the 4th quarter. Advanced Research Investment Solutions LLC now owns 163 shares of the entertainment giant’s stock valued at $30,000 after buying an additional 55 shares in the last quarter. Finally, Klaas Financial Asset Advisors LLC purchased a new position in The Walt Disney in the 4th quarter valued at approximately $33,000. 64.04% of the stock is currently owned by institutional investors.

NYSE DIS opened at $176.57 on Tuesday. The business’s fifty day simple moving average is $181.01. The company has a quick ratio of 1.18, a current ratio of 1.23 and a debt-to-equity ratio of 0.57. The Walt Disney has a fifty-two week low of $108.02 and a fifty-two week high of $203.02. The company has a market capitalization of $320.82 billion, a PE ratio of -70.63, a PEG ratio of 3.70 and a beta of 1.19.

The Walt Disney (NYSE:DIS) last released its earnings results on Thursday, May 13th. The entertainment giant reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.52. The Walt Disney had a positive return on equity of 2.07% and a negative net margin of 7.73%. The firm had revenue of $15.61 billion during the quarter, compared to analysts’ expectations of $15.99 billion. During the same period in the prior year, the company earned $0.60 earnings per share. The company’s quarterly revenue was down 13.4% on a year-over-year basis. On average, equities research analysts expect that The Walt Disney will post 2.28 earnings per share for the current year.

About The Walt Disney

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates domestic cable networks under the Disney, ESPN, Freeform, FX, and National Geographic brands; and television broadcast network under the ABC brand, as well as eight domestic television stations.

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Analyst Recommendations for The Walt Disney (NYSE:DIS)

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