Walt Disney (NYSE:DIS) Cut to “Hold” at Wall Street Zen

Wall Street Zen lowered shares of Walt Disney (NYSE:DIS) from a buy rating to a hold rating in a research note released on Saturday morning,Wall Street Zen reports.

A number of other equities research analysts have also weighed in on DIS. Citigroup boosted their target price on shares of Walt Disney from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, October 16th. UBS Group set a $115.00 price target on Walt Disney in a research note on Monday, August 24th. Weiss Ratings upgraded Walt Disney from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, October 9th. Truist Financial set a $115.00 price objective on Walt Disney in a report on Monday, August 3rd. Finally, Guggenheim reiterated a “buy” rating and set a $120.00 price objective on shares of Walt Disney in a research report on Monday, September 28th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $128.16.

Walt Disney Stock Up 2.0%

Shares of Walt Disney stock opened at $119.08 on Friday. The company has a market cap of $205.61 billion, a price-to-earnings ratio of 18.67, a price-to-earnings-growth ratio of 1.38 and a beta of 1.44. The company’s 50 day moving average is $108.27 and its 200 day moving average is $103.71. Walt Disney has a twelve month low of $92.18 and a twelve month high of $120.80. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.32.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, EVP Brent Woodford sold 3,618 shares of the firm’s stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $117.00, for a total transaction of $423,306.00. Following the sale, the executive vice president directly owned 62,995 shares of the company’s stock, valued at $7,370,415. This trade represents a 5.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Paul Roeder sold 3,596 shares of the business’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $106.32, for a total value of $382,326.72. The SEC filing for this sale provides additional information. Insiders have sold a total of 51,570 shares of company stock valued at $5,846,631 over the last ninety days. 0.17% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DIS. Cim Investment Management Inc. lifted its position in shares of Walt Disney by 66.2% during the second quarter. Cim Investment Management Inc. now owns 13,883 shares of the entertainment giant’s stock worth $1,336,000 after purchasing an additional 5,530 shares during the last quarter. Cullen Capital Management LLC purchased a new stake in shares of Walt Disney during the second quarter valued at $4,092,000. Windsor Advisory Group LLC grew its holdings in shares of Walt Disney by 297.9% in the first quarter. Windsor Advisory Group LLC now owns 10,082 shares of the entertainment giant’s stock worth $972,000 after purchasing an additional 7,548 shares during the last quarter. Weiss Asset Management LP bought a new position in shares of Walt Disney in the first quarter worth about $694,000. Finally, Wedge Capital Management L L P NC grew its holdings in shares of Walt Disney by 8.9% in the second quarter. Wedge Capital Management L L P NC now owns 352,069 shares of the entertainment giant’s stock worth $33,887,000 after purchasing an additional 28,777 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors.

Trending Headlines about Walt Disney

Here are the key news stories impacting Walt Disney this week:

• Positive Sentiment: Disney and Adobe announced a multiyear alliance to develop AI tools and custom models for Disney’s businesses, including parks, cruises and ESPN. The partnership could support creative workflows and new customer experiences, though financial terms and measurable benefits were not disclosed. Reuters: Disney and Adobe to co-develop custom AI models
• Positive Sentiment: Disney is considering creator-led programming, vertical video and a free tier for Disney+. The changes could broaden the service’s reach and engagement, although their impact on subscriptions and advertising revenue remains uncertain. Business Insider: Disney streaming priorities
• Neutral Sentiment: Disney revealed an Indiana Jones-themed playground project at Hollywood Studios. It adds to the parks’ attractions pipeline, but the report provided no cost, timing or expected attendance impact. Inside the Magic: Disney reveals Indiana Jones playground
• Negative Sentiment: A report said a Disney executive sold about $2.47 million in company stock. The sale could draw investor attention, though one insider transaction does not establish a broader view of the company’s outlook. Walt Disney EVP sells stock

Walt Disney Company Profile

The Walt Disney Company is a global entertainment and media company whose businesses include film and television production, streaming, sports programming, and theme parks and resorts. Its brands and properties include Disney, Pixar, Marvel, Star Wars, ABC, and ESPN.

Disney produces and distributes films and television programs, operates streaming services including Disney+ and Hulu, and provides sports content through ESPN. Its Experiences business operates theme parks and resorts, cruise ships, and other travel and consumer experiences based on the company’s characters and stories.

Founded in 1923 by Walt Disney and Roy O.