Walt Disney (NYSE:DIS) Given New $128.00 Price Target at Evercore ISI

Walt Disney (NYSE:DIS) had its price objective reduced by Evercore ISI from $130.00 to $128.00 in a report published on Wednesday, Benzinga reports. They currently have an outperform rating on the entertainment giant’s stock.

DIS has been the subject of several other research reports. JPMorgan Chase & Co. assumed coverage on Walt Disney in a research report on Thursday, April 11th. They set an overweight rating and a $140.00 price objective for the company. The Goldman Sachs Group decreased their price target on shares of Walt Disney from $125.00 to $120.00 and set a buy rating on the stock in a research report on Thursday, February 8th. Argus upped their price objective on shares of Walt Disney from $125.00 to $140.00 and gave the company a buy rating in a research report on Wednesday, April 10th. Rosenblatt Securities lifted their target price on Walt Disney from $129.00 to $137.00 and gave the stock a buy rating in a research report on Tuesday, April 2nd. Finally, Guggenheim upped their price target on Walt Disney from $125.00 to $140.00 and gave the company a buy rating in a report on Wednesday, April 3rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-three have issued a buy rating to the company’s stock. According to data from MarketBeat, Walt Disney has an average rating of Moderate Buy and an average price target of $126.46.

Walt Disney Stock Up 0.3 %

NYSE DIS traded up $0.36 during trading on Wednesday, reaching $105.80. The company’s stock had a trading volume of 14,945,125 shares, compared to its average volume of 12,135,098. The stock has a market capitalization of $194.07 billion, a PE ratio of 115.00, a PEG ratio of 1.39 and a beta of 1.40. The business has a 50-day moving average price of $114.48 and a 200-day moving average price of $101.24. The company has a current ratio of 0.84, a quick ratio of 0.77 and a debt-to-equity ratio of 0.39. Walt Disney has a 1-year low of $78.73 and a 1-year high of $123.74.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. Walt Disney had a return on equity of 7.88% and a net margin of 3.36%. The company had revenue of $22.08 billion during the quarter, compared to analysts’ expectations of $22.12 billion. During the same quarter in the previous year, the firm earned $0.93 earnings per share. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. On average, research analysts forecast that Walt Disney will post 4.7 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Sonia L. Coleman sold 4,400 shares of Walt Disney stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $106.00, for a total value of $466,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director James P. Gorman purchased 20,000 shares of Walt Disney stock in a transaction dated Wednesday, May 8th. The shares were acquired at an average cost of $106.03 per share, for a total transaction of $2,120,600.00. Following the transaction, the director now directly owns 20,467 shares of the company’s stock, valued at $2,170,116.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Sonia L. Coleman sold 4,400 shares of the company’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $106.00, for a total value of $466,400.00. The disclosure for this sale can be found here. Insiders own 0.10% of the company’s stock.

Institutional Trading of Walt Disney

A number of hedge funds have recently modified their holdings of DIS. Mirae Asset Global Investments Co. Ltd. increased its stake in Walt Disney by 4.1% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 533,360 shares of the entertainment giant’s stock worth $43,224,000 after purchasing an additional 20,824 shares in the last quarter. Chicago Partners Investment Group LLC raised its holdings in shares of Walt Disney by 1.7% during the third quarter. Chicago Partners Investment Group LLC now owns 7,389 shares of the entertainment giant’s stock worth $614,000 after acquiring an additional 126 shares during the period. Gratus Capital LLC bought a new stake in Walt Disney in the 3rd quarter valued at $238,000. SeaBridge Investment Advisors LLC acquired a new position in Walt Disney in the 3rd quarter worth $209,000. Finally, Gradient Investments LLC increased its holdings in Walt Disney by 2.8% during the 3rd quarter. Gradient Investments LLC now owns 8,926 shares of the entertainment giant’s stock worth $723,000 after purchasing an additional 240 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

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.