Walt Disney (NYSE:DIS) Price Target Raised to $130.00 at Needham & Company LLC

Walt Disney (NYSE:DIS) had its price objective increased by Needham & Company LLC from $110.00 to $130.00 in a research note released on Friday,Benzinga reports. They currently have a buy rating on the entertainment giant’s stock.

Other analysts have also issued reports about the company. Loop Capital boosted their price objective on Walt Disney from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Friday. Morgan Stanley upped their price target on Walt Disney from $110.00 to $125.00 and gave the stock an “overweight” rating in a report on Friday. JPMorgan Chase & Co. dropped their price objective on Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Macquarie lifted their price objective on shares of Walt Disney from $91.00 to $110.00 and gave the stock a “neutral” rating in a report on Friday. Finally, UBS Group lowered their target price on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Five analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $123.57.

Walt Disney Stock Up 5.5 %

Shares of NYSE DIS traded up $5.96 during mid-day trading on Friday, reaching $115.08. 32,048,032 shares of the company’s stock traded hands, compared to its average volume of 11,005,124. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.72 and a quick ratio of 0.66. The business has a 50-day simple moving average of $95.57 and a 200 day simple moving average of $96.79. The stock has a market cap of $208.71 billion, a P/E ratio of 44.25, a PEG ratio of 1.67 and a beta of 1.40. Walt Disney has a 1-year low of $83.91 and a 1-year high of $123.74.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of DIS. Geode Capital Management LLC grew its stake in Walt Disney by 3.8% in the 3rd quarter. Geode Capital Management LLC now owns 37,672,320 shares of the entertainment giant’s stock worth $3,609,833,000 after buying an additional 1,393,082 shares in the last quarter. Brophy Wealth Management LLC bought a new position in Walt Disney in the third quarter valued at $729,000. Conway Capital Management Inc. purchased a new stake in Walt Disney during the third quarter valued at about $223,000. Executive Wealth Management LLC bought a new stake in Walt Disney during the third quarter worth about $227,000. Finally, Nabity Jensen Investment Management Inc purchased a new position in shares of Walt Disney in the 3rd quarter worth about $550,000. 65.71% of the stock is currently owned by institutional investors.

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.