Walt Disney (NYSE:DIS) Price Target Raised to $120.00 at Sanford C. Bernstein

Walt Disney (NYSE:DIS) had its target price raised by research analysts at Sanford C. Bernstein from $115.00 to $120.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the entertainment giant’s stock. Sanford C. Bernstein’s target price would indicate a potential upside of 9.96% from the company’s previous close.

DIS has been the topic of several other research reports. Seaport Res Ptn raised Walt Disney from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 30th. Bank of America dropped their price target on Walt Disney from $145.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Piper Sandler assumed coverage on Walt Disney in a report on Wednesday, October 16th. They issued a “neutral” rating and a $95.00 price objective for the company. UBS Group lowered their target price on Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Finally, Morgan Stanley lowered their price target on Walt Disney from $130.00 to $110.00 and set an “overweight” rating for the company in a research report on Monday, August 5th. Four investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $122.68.

Walt Disney Stock Performance

Shares of DIS stock opened at $109.13 on Friday. The firm has a market capitalization of $197.92 billion, a price-to-earnings ratio of 41.97, a PEG ratio of 1.67 and a beta of 1.40. Walt Disney has a 12 month low of $83.91 and a 12 month high of $123.74. The business’s 50-day moving average price is $94.62 and its 200-day moving average price is $96.69. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.38.

Hedge Funds Weigh In On Walt Disney

Hedge funds have recently modified their holdings of the stock. ESL Trust Services LLC purchased a new stake in Walt Disney in the 1st quarter worth $31,000. William B. Walkup & Associates Inc. purchased a new stake in shares of Walt Disney in the second quarter worth about $32,000. Mascoma Wealth Management LLC boosted its stake in Walt Disney by 38.0% during the second quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock valued at $44,000 after buying an additional 122 shares during the last quarter. First PREMIER Bank increased its stake in Walt Disney by 98.1% in the 3rd quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock worth $50,000 after acquiring an additional 256 shares during the last quarter. Finally, FSA Wealth Management LLC bought a new stake in Walt Disney in the third quarter worth $51,000. Hedge funds and other 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.