Barclays Trims Walt Disney (NYSE:DIS) Target Price to $130.00

Walt Disney (NYSE:DIS) had its target price reduced by Barclays from $135.00 to $130.00 in a research note released on Wednesday, Benzinga reports. Barclays currently has an overweight rating on the entertainment giant’s stock.

DIS has been the subject of a number of other reports. Argus raised their price target on Walt Disney from $125.00 to $140.00 and gave the company a buy rating in a research note on Wednesday, April 10th. Macquarie increased their price target on shares of Walt Disney from $94.00 to $104.00 and gave the company a neutral rating in a research note on Thursday, February 8th. Bank of America raised their target price on shares of Walt Disney from $130.00 to $145.00 and gave the company a buy rating in a research note on Monday, April 1st. Morgan Stanley lifted their target price on Walt Disney from $110.00 to $135.00 and gave the stock an overweight rating in a research note on Monday, March 4th. Finally, JPMorgan Chase & Co. initiated coverage on Walt Disney in a report on Thursday, April 11th. They set an overweight rating and a $140.00 price target for the company. One investment 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 stock. Based on data from MarketBeat.com, Walt Disney currently has an average rating of Moderate Buy and a consensus target price of $126.46.

Walt Disney Price Performance

Shares of NYSE:DIS traded up $0.36 during trading on Wednesday, reaching $105.80. The 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 P/E/G ratio of 1.39 and a beta of 1.40. Walt Disney has a 52 week low of $78.73 and a 52 week high of $123.74. The business’s 50-day moving average price is $114.48 and its 200 day moving average price is $101.24. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.84 and a quick ratio of 0.77.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Tuesday, May 7th. The entertainment giant reported $1.21 EPS for the quarter, beating the consensus estimate of $1.12 by $0.09. The business had revenue of $22.08 billion for the quarter, compared to analysts’ expectations of $22.12 billion. Walt Disney had a net margin of 3.36% and a return on equity of 7.88%. The firm’s revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.93 EPS. As a group, equities analysts predict that Walt Disney will post 4.7 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP Sonia L. Coleman sold 1,857 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $121.92, for a total value of $226,405.44. Following the transaction, the executive vice president now directly owns 4,400 shares of the company’s stock, valued at approximately $536,448. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Walt Disney news, Director James P. Gorman acquired 20,000 shares of the stock in a transaction on Wednesday, May 8th. The shares were purchased at an average price of $106.03 per share, for a total transaction of $2,120,600.00. Following the completion of the acquisition, the director now owns 20,467 shares in the company, valued at approximately $2,170,116.01. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Sonia L. Coleman sold 1,857 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $121.92, for a total transaction of $226,405.44. Following the sale, the executive vice president now directly owns 4,400 shares of the company’s stock, valued at $536,448. The disclosure for this sale can be found here. 0.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Walt Disney

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Trian Fund Management L.P. grew its stake in Walt Disney by 411.6% in the 3rd quarter. Trian Fund Management L.P. now owns 32,868,307 shares of the entertainment giant’s stock valued at $2,663,976,000 after buying an additional 26,443,257 shares in the last quarter. Norges Bank bought a new stake in shares of Walt Disney during the 4th quarter valued at $1,938,647,000. Jennison Associates LLC purchased a new stake in Walt Disney during the 1st quarter worth about $1,490,492,000. ValueAct Holdings L.P. bought a new position in Walt Disney in the 4th quarter worth about $459,245,000. Finally, First Eagle Investment Management LLC purchased a new position in Walt Disney during the 3rd quarter valued at about $326,171,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

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.