Walt Disney (NYSE:DIS) Given New $150.00 Price Target at Barclays

Walt Disney (NYSE:DIS) had its target price boosted by Barclays from $130.00 to $150.00 in a report released on Wednesday, May 1st, MarketBeat.com reports. The brokerage currently has an “overweight” rating on the entertainment giant’s stock. Barclays‘s target price would indicate a potential upside of 11.08% from the company’s previous close.

A number of other research analysts have also weighed in on the stock. Bank of America raised their price target on shares of Walt Disney from $144.00 to $168.00 and gave the company a “buy” rating in a research note on Tuesday, April 23rd. BMO Capital Markets raised their price target on shares of Walt Disney from $109.00 to $114.00 and gave the stock a “market perform” rating in a report on Thursday, February 7th. Guggenheim restated a “buy” rating and set a $157.00 price target on shares of Walt Disney in a report on Tuesday, April 23rd. Credit Suisse Group restated a “hold” rating and set a $114.00 price target on shares of Walt Disney in a report on Tuesday, January 22nd. Finally, Edward Jones upgraded shares of Walt Disney from a “hold” rating to a “buy” rating in a report on Wednesday, February 13th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nineteen have assigned a buy rating to the company’s stock. Walt Disney has an average rating of “Buy” and an average price target of $142.42.

Shares of Walt Disney stock opened at $135.04 on Wednesday. The stock has a market capitalization of $200.81 billion, a P/E ratio of 19.07, a P/E/G ratio of 3.56 and a beta of 1.00. Walt Disney has a twelve month low of $98.81 and a twelve month high of $142.37. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.74 and a current ratio of 0.77.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Wednesday, May 8th. The entertainment giant reported $1.61 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.59 by $0.02. The firm had revenue of $14.92 billion for the quarter, compared to analyst estimates of $14.53 billion. Walt Disney had a net margin of 22.55% and a return on equity of 15.67%. Walt Disney’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period last year, the company posted $1.84 EPS. Sell-side analysts forecast that Walt Disney will post 6.73 EPS for the current year.

In other Walt Disney news, EVP Brent Woodford sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $135.24, for a total value of $540,960.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Zenia B. Mucha sold 33,000 shares of Walt Disney stock in a transaction on Friday, April 12th. The stock was sold at an average price of $128.88, for a total transaction of $4,253,040.00. The disclosure for this sale can be found here. Insiders have sold a total of 39,000 shares of company stock valued at $5,022,700 in the last ninety days. 0.36% of the stock is currently owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in DIS. Litman Gregory Asset Management LLC acquired a new stake in Walt Disney during the 4th quarter worth $25,000. Crewe Advisors LLC raised its stake in Walt Disney by 55.6% during the 4th quarter. Crewe Advisors LLC now owns 280 shares of the entertainment giant’s stock worth $31,000 after acquiring an additional 100 shares in the last quarter. Stone House Investment Management LLC acquired a new stake in Walt Disney during the 1st quarter worth $37,000. Financial Gravity Wealth Inc. acquired a new stake in Walt Disney during the 1st quarter worth $40,000. Finally, Clarfeld Financial Advisors LLC acquired a new stake in Walt Disney during the 4th quarter worth $42,000. 66.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Company Profile

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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