Walt Disney (NYSE:DIS) Price Target Cut to $101.00 by Analysts at Raymond James

Walt Disney (NYSE:DIS) had its price objective decreased by Raymond James from $123.00 to $101.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage presently has an “outperform” rating on the entertainment giant’s stock. Raymond James’ price objective would indicate a potential upside of 17.16% from the company’s current price.

Other analysts have also recently issued reports about the company. The Goldman Sachs Group started coverage on Walt Disney in a research note on Tuesday, June 25th. They issued a “buy” rating and a $125.00 target price on the stock. Moffett Nathanson reduced their target price on Walt Disney from $130.00 to $125.00 and set a “buy” rating on the stock in a research note on Tuesday, July 2nd. Evercore ISI dropped their price target on Walt Disney from $128.00 to $105.00 and set an “outperform” rating for the company in a research note on Thursday. UBS Group cut their price target on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday. Finally, Barclays decreased their price objective on shares of Walt Disney from $135.00 to $130.00 and set an “overweight” rating for the company in a report on Wednesday, May 8th. Three research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. According to data from MarketBeat, Walt Disney has a consensus rating of “Moderate Buy” and an average target price of $118.75.

Walt Disney Trading Up 0.3 %

DIS stock traded up $0.25 during midday trading on Thursday, hitting $86.21. The company had a trading volume of 16,008,396 shares, compared to its average volume of 11,678,434. The company has a current ratio of 0.75, a quick ratio of 0.69 and a debt-to-equity ratio of 0.38. Walt Disney has a 52 week low of $78.73 and a 52 week high of $123.74. The stock has a market cap of $157.16 billion, a price-to-earnings ratio of 93.71, a PEG ratio of 1.15 and a beta of 1.40. The stock’s 50 day moving average price is $96.90 and its 200 day moving average price is $105.13.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.19. Walt Disney had a net margin of 1.90% and a return on equity of 8.37%. The business had revenue of $23.20 billion during the quarter, compared to analysts’ expectations of $23.08 billion. During the same quarter in the prior year, the company posted $1.03 EPS. The firm’s revenue for the quarter was up 3.9% compared to the same quarter last year. As a group, equities research analysts expect that Walt Disney will post 4.77 earnings per share for the current fiscal year.

Insider Buying and Selling at Walt Disney

In related news, Director Calvin Mcdonald bought 11,756 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were purchased at an average cost of $85.06 per share, with a total value of $999,965.36. Following the completion of the purchase, the director now owns 22,313 shares in the company, valued at approximately $1,897,943.78. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in DIS. Gold Investment Management Ltd. purchased a new position in Walt Disney in the 4th quarter worth approximately $28,000. Stone House Investment Management LLC increased its holdings in shares of Walt Disney by 355.3% in the 4th quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock worth $31,000 after purchasing an additional 270 shares in the last quarter. ESL Trust Services LLC purchased a new position in shares of Walt Disney in the first quarter worth $31,000. Partnership Wealth Management LLC bought a new position in shares of Walt Disney during the fourth quarter valued at $33,000. Finally, Evolution Advisers Inc. boosted its position in shares of Walt Disney by 38.2% during the fourth quarter. Evolution Advisers Inc. now owns 380 shares of the entertainment giant’s stock valued at $34,000 after buying an additional 105 shares during the last quarter. Institutional investors own 65.71% of the company’s stock.

Walt Disney Company Profile

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.