The Walt Disney Company (NYSE:DIS) Receives $117.95 Average Target Price from Analysts

The Walt Disney Company (NYSE:DIS) has received a consensus recommendation of “Moderate Buy” from the twenty-three ratings firms that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $117.95.

A number of brokerages have recently weighed in on DIS. Macquarie dropped their price objective on Walt Disney from $107.00 to $94.00 and set a “neutral” rating for the company in a research note on Monday, August 12th. JPMorgan Chase & Co. reduced their price target on shares of Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Walt Disney from $130.00 to $115.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Morgan Stanley reduced their target price on shares of Walt Disney from $130.00 to $110.00 and set an “overweight” rating on the stock in a report on Monday, August 5th. Finally, Moffett Nathanson dropped their price target on shares of Walt Disney from $130.00 to $125.00 and set a “buy” rating for the company in a research note on Tuesday, July 2nd.

Insider Activity at Walt Disney

In other news, Director Calvin Mcdonald bought 11,756 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were acquired at an average price of $85.06 per share, for a total transaction of $999,965.36. Following the completion of the transaction, the director now 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 is available through this hyperlink. Insiders own 0.10% of the company’s stock.

Hedge Funds Weigh In On Walt Disney

A number of hedge funds have recently modified their holdings of the business. Gold Investment Management Ltd. purchased a new position in Walt Disney during the 4th quarter worth $28,000. ESL Trust Services LLC purchased a new position in shares of Walt Disney during the first quarter worth about $31,000. William B. Walkup & Associates Inc. acquired a new position in Walt Disney in the 2nd quarter valued at about $32,000. Partnership Wealth Management LLC purchased a new stake in Walt Disney during the 4th quarter valued at approximately $33,000. Finally, Frank Rimerman Advisors LLC acquired a new stake in Walt Disney during the 4th quarter worth approximately $37,000. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Walt Disney Price Performance

DIS stock opened at $87.94 on Monday. Walt Disney has a 52-week low of $78.73 and a 52-week high of $123.74. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.38. The stock has a market cap of $160.32 billion, a price-to-earnings ratio of 95.59, a price-to-earnings-growth ratio of 1.34 and a beta of 1.40. The business has a fifty day moving average of $91.98 and a two-hundred day moving average of $103.19.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.19. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. The firm had revenue of $23.20 billion during the quarter, compared to the consensus estimate of $23.08 billion. During the same period last year, the company earned $1.03 EPS. The company’s quarterly revenue was up 3.9% on a year-over-year basis. As a group, research analysts anticipate that Walt Disney will post 4.92 earnings per share for the current year.

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.