Brokerages Set The Walt Disney Company (NYSE:DIS) Price Target at $118.43

The Walt Disney Company (NYSE:DIS) has earned an average recommendation of “Moderate Buy” from the twenty-two ratings firms that are currently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold recommendation, eighteen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $118.43.

A number of analysts have weighed in on DIS shares. Deutsche Bank Aktiengesellschaft decreased their price objective on Walt Disney from $130.00 to $115.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Barclays cut their price objective on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. JPMorgan Chase & Co. lowered their target price on shares of Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Morgan Stanley cut their price target on shares of Walt Disney from $130.00 to $110.00 and set an “overweight” rating for the company in a report on Monday, August 5th. Finally, Raymond James reaffirmed a “market perform” rating on shares of Walt Disney in a report on Tuesday.

Insiders Place Their Bets

In other news, Director Calvin Mcdonald bought 11,756 shares of Walt Disney stock in a transaction dated Thursday, August 8th. The shares were acquired at an average cost of $85.06 per share, with a total value of $999,965.36. Following the completion of the transaction, the director now owns 22,313 shares in the company, valued at approximately $1,897,943.78. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.10% of the stock is owned by company insiders.

Institutional Trading of Walt Disney

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Gold Investment Management Ltd. purchased a new stake in Walt Disney during the 4th quarter worth approximately $28,000. ESL Trust Services LLC purchased a new position in shares of Walt Disney during the 1st quarter valued at approximately $31,000. William B. Walkup & Associates Inc. acquired a new stake in shares of Walt Disney during the second quarter worth approximately $32,000. Frank Rimerman Advisors LLC bought a new stake in shares of Walt Disney in the fourth quarter worth $37,000. Finally, Mascoma Wealth Management LLC raised its holdings in Walt Disney by 38.0% in the second quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock valued at $44,000 after acquiring an additional 122 shares in the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Price Performance

DIS stock opened at $94.05 on Friday. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $171.46 billion, a P/E ratio of 102.23, a PEG ratio of 1.53 and a beta of 1.40. The business has a 50 day simple moving average of $90.50 and a 200-day simple moving average of $100.98. Walt Disney has a twelve month low of $78.73 and a twelve month high of $123.74.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.19. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The company had revenue of $23.20 billion for the quarter, compared to the consensus estimate of $23.08 billion. During the same period last year, the firm posted $1.03 EPS. Walt Disney’s revenue for the quarter was up 3.9% on a year-over-year basis. As a group, equities analysts anticipate that Walt Disney will post 4.92 EPS for the current year.

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.