Wells Fargo & Company Boosts Walt Disney (NYSE:DIS) Price Target to $138.00

Walt Disney (NYSE:DIS) had its target price raised by analysts at Wells Fargo & Company from $116.00 to $138.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the entertainment giant’s stock. Wells Fargo & Company‘s target price indicates a potential upside of 19.92% from the company’s current price.

Several other research firms have also weighed in on DIS. Barclays reduced their target price on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Piper Sandler initiated coverage on Walt Disney in a research report on Wednesday, October 16th. They issued a “neutral” rating and a $95.00 target price for the company. Evercore ISI raised their target price on Walt Disney from $105.00 to $128.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Deutsche Bank Aktiengesellschaft upped their price target on Walt Disney from $115.00 to $131.00 and gave the stock a “buy” rating in a report on Friday. Finally, Bank of America reduced their target price on shares of Walt Disney from $145.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Five research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Walt Disney has an average rating of “Moderate Buy” and a consensus target price of $123.57.

Walt Disney Trading Up 5.5 %

NYSE DIS opened at $115.08 on Friday. The firm has a market capitalization of $208.71 billion, a price-to-earnings ratio of 44.26, a PEG ratio of 1.67 and a beta of 1.40. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.66 and a current ratio of 0.72. Walt Disney has a one year low of $83.91 and a one year high of $123.74. The company’s 50 day moving average price is $95.57 and its 200 day moving average price is $96.69.

Hedge Funds Weigh In On Walt Disney

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Capital World Investors lifted its holdings in shares of Walt Disney by 3,332.4% in the 1st quarter. Capital World Investors now owns 6,267,593 shares of the entertainment giant’s stock worth $766,903,000 after purchasing an additional 6,084,993 shares during the last quarter. Swedbank AB acquired a new stake in Walt Disney in the first quarter worth $493,715,000. Farallon Capital Management LLC bought a new stake in Walt Disney in the second quarter valued at $355,673,000. Ontario Teachers Pension Plan Board acquired a new position in shares of Walt Disney during the first quarter valued at $425,567,000. Finally, International Assets Investment Management LLC increased its holdings in shares of Walt Disney by 12,574.4% in the 3rd quarter. International Assets Investment Management LLC now owns 3,426,393 shares of the entertainment giant’s stock worth $329,585,000 after acquiring an additional 3,399,359 shares during the period. 65.71% of the stock is currently owned by institutional investors and hedge funds.

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.