Cowen upgraded shares of Walt Disney (NYSE:DIS) from a market perform rating to an outperform rating in a research note published on Tuesday, 24/7 WallStreet reports. They currently have $115.90 price objective on the entertainment giant’s stock.

Other equities research analysts have also recently issued reports about the stock. Rosenblatt Securities assumed coverage on shares of Walt Disney in a research report on Tuesday, April 2nd. They issued a buy rating and a $150.00 price objective on the stock. Goldman Sachs Group assumed coverage on shares of Walt Disney in a research report on Thursday, April 4th. They issued a buy rating and a $142.00 price objective on the stock. Zacks Investment Research cut shares of Walt Disney from a hold rating to a sell rating in a research report on Monday, December 17th. BMO Capital Markets boosted their price objective on shares of Walt Disney from $109.00 to $114.00 and gave the company a market perform rating in a research report on Thursday, February 7th. Finally, Credit Suisse Group reaffirmed a hold rating and issued a $114.00 price objective on shares of Walt Disney in a research report on Tuesday, January 22nd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and sixteen have given a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus price target of $127.22.

DIS opened at $116.86 on Tuesday. The firm has a market capitalization of $171.38 billion, a P/E ratio of 16.51, a P/E/G ratio of 3.15 and a beta of 0.91. Walt Disney has a 12 month low of $97.68 and a 12 month high of $120.20. The company has a current ratio of 1.00, a quick ratio of 0.92 and a debt-to-equity ratio of 0.32.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Tuesday, February 5th. The entertainment giant reported $1.84 EPS for the quarter, beating the consensus estimate of $1.57 by $0.27. The business had revenue of $15.30 billion for the quarter, compared to analysts’ expectations of $15.20 billion. Walt Disney had a net margin of 18.46% and a return on equity of 20.50%. The firm’s revenue was down .3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.89 EPS. As a group, equities analysts forecast that Walt Disney will post 6.95 EPS for the current year.

In other news, EVP Brent Woodford sold 2,000 shares of the business’s stock in a transaction dated Thursday, February 21st. The shares were sold at an average price of $114.35, for a total transaction of $228,700.00. Following the transaction, the executive vice president now directly owns 26,517 shares in the company, valued at approximately $3,032,218.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 4,042 shares of company stock worth $460,637 over the last quarter. Company insiders own 0.36% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Litman Gregory Asset Management LLC acquired a new position in shares of Walt Disney during the 4th quarter worth about $25,000. Crewe Advisors LLC grew its stake in Walt Disney by 55.6% in the 4th quarter. Crewe Advisors LLC now owns 280 shares of the entertainment giant’s stock valued at $31,000 after buying an additional 100 shares during the last quarter. Clarfeld Financial Advisors LLC acquired a new position in Walt Disney in the 4th quarter valued at about $42,000. Portfolio Solutions LLC acquired a new position in Walt Disney in the 4th quarter valued at about $43,000. Finally, Contravisory Investment Management Inc. grew its stake in Walt Disney by 176.4% in the 4th quarter. Contravisory Investment Management Inc. now owns 409 shares of the entertainment giant’s stock valued at $45,000 after buying an additional 261 shares during the last quarter. Institutional investors own 64.61% of the company’s stock.

About Walt Disney

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses.

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Analyst Recommendations for Walt Disney (NYSE:DIS)

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