Walt Disney (NYSE:DIS) Price Target Cut to $128.00 by Analysts at Evercore ISI

Walt Disney (NYSE:DIS) had its price objective lowered by equities researchers at Evercore ISI from $130.00 to $128.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage currently has an “outperform” rating on the entertainment giant’s stock. Evercore ISI’s price target would indicate a potential upside of 21.17% from the stock’s previous close.

Several other equities research analysts have also recently commented on the stock. Barclays upgraded shares of Walt Disney from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $95.00 to $135.00 in a research report on Monday, March 25th. Raymond James upped their price objective on Walt Disney from $112.00 to $128.00 and gave the company an “outperform” rating in a report on Tuesday, March 26th. UBS Group lowered their price target on Walt Disney from $140.00 to $130.00 and set a “buy” rating for the company in a research note on Wednesday. Morgan Stanley boosted their price objective on shares of Walt Disney from $110.00 to $135.00 and gave the company an “overweight” rating in a report on Monday, March 4th. Finally, Daiwa Capital Markets reissued a “buy” rating and issued a $133.00 price target on shares of Walt Disney in a research note on Monday, April 1st. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-three have issued a buy rating to the company’s stock. According to data from MarketBeat, Walt Disney currently has a consensus rating of “Moderate Buy” and an average price target of $126.67.

Walt Disney Stock Up 0.2 %

Shares of DIS traded up $0.25 during trading hours on Wednesday, hitting $105.64. 7,017,437 shares of the company were exchanged, compared to its average volume of 12,006,195. The firm’s 50 day moving average is $114.59 and its 200-day moving average is $101.21. Walt Disney has a 52 week low of $78.73 and a 52 week high of $123.74. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.77 and a current ratio of 0.84. The company has a market cap of $193.78 billion, a PE ratio of 65.12, a PEG ratio of 1.39 and a beta of 1.40.

Walt Disney (NYSE:DIS) last issued its earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 EPS for the quarter, beating the consensus estimate of $1.12 by $0.09. Walt Disney had a net margin of 3.36% and a return on equity of 7.88%. The company had revenue of $22.08 billion for the quarter, compared to the consensus estimate of $22.12 billion. During the same quarter in the previous year, the company earned $0.93 EPS. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. On average, equities research analysts forecast that Walt Disney will post 4.7 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Sonia L. Coleman sold 1,857 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $121.92, for a total value of $226,405.44. Following the completion of the transaction, the executive vice president now directly owns 4,400 shares of the company’s stock, valued at approximately $536,448. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Walt Disney

A number of large investors have recently made changes to their positions in DIS. Planned Solutions Inc. acquired a new position in Walt Disney in the 4th quarter valued at about $26,000. Gold Investment Management Ltd. acquired a new position in Walt Disney in the fourth quarter valued at approximately $28,000. Fortis Group Advisors LLC purchased a new position in Walt Disney in the third quarter worth approximately $30,000. Stone House Investment Management LLC increased its stake in Walt Disney by 355.3% during the fourth quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock worth $31,000 after acquiring an additional 270 shares during the last quarter. Finally, Partnership Wealth Management LLC purchased a new stake in Walt Disney in the fourth quarter valued at $33,000. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

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.