Needham & Company LLC Lowers Walt Disney (NYSE:DIS) Price Target to $110.00

Walt Disney (NYSE:DIS) had its price objective reduced by Needham & Company LLC from $145.00 to $110.00 in a report released on Thursday morning, Benzinga reports. Needham & Company LLC currently has a buy rating on the entertainment giant’s stock.

Other equities analysts have also recently issued reports about the stock. Morgan Stanley dropped their price target on shares of Walt Disney from $130.00 to $110.00 and set an overweight rating for the company in a research note on Monday, August 5th. Macquarie upped their target price on Walt Disney from $104.00 to $107.00 and gave the company a neutral rating in a research note on Monday, May 13th. Barclays decreased their price target on Walt Disney from $135.00 to $130.00 and set an overweight rating for the company in a research note on Wednesday, May 8th. Deutsche Bank Aktiengesellschaft upped their price objective on Walt Disney from $125.00 to $130.00 and gave the company a buy rating in a research report on Monday, May 6th. Finally, Moffett Nathanson decreased their target price on Walt Disney from $130.00 to $125.00 and set a buy rating for the company in a research report on Tuesday, July 2nd. Three investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $118.75.

Walt Disney Stock Up 0.3 %

Shares of NYSE:DIS opened at $86.21 on Thursday. The company 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. Walt Disney has a 12 month low of $78.73 and a 12 month high of $123.74. The company has a current ratio of 0.75, a quick ratio of 0.69 and a debt-to-equity ratio of 0.38. The company has a 50-day moving average price of $96.90 and a 200 day moving average price of $105.21.

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

Insider Buying and Selling at Walt Disney

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

Institutional Trading of Walt Disney

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC grew its stake in Walt Disney by 74.3% in the 4th quarter. Sequoia Financial Advisors LLC now owns 60,250 shares of the entertainment giant’s stock valued at $5,441,000 after acquiring an additional 25,681 shares during the period. GHP Investment Advisors Inc. increased its stake in shares of Walt Disney by 1.9% during the fourth quarter. GHP Investment Advisors Inc. now owns 60,841 shares of the entertainment giant’s stock worth $5,493,000 after purchasing an additional 1,163 shares in the last quarter. Cerity Partners LLC raised its position in shares of Walt Disney by 25.0% during the 4th quarter. Cerity Partners LLC now owns 742,062 shares of the entertainment giant’s stock worth $67,052,000 after purchasing an additional 148,434 shares during the last quarter. Morton Brown Family Wealth LLC lifted its stake in Walt Disney by 24.0% in the 4th quarter. Morton Brown Family Wealth LLC now owns 1,600 shares of the entertainment giant’s stock valued at $144,000 after buying an additional 310 shares in the last quarter. Finally, Round Rock Advisors LLC purchased a new position in shares of Walt Disney in the fourth quarter valued at approximately $236,000. Institutional investors and hedge funds 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.