Walt Disney (NYSE:DIS) Price Target Cut to $130.00

Walt Disney (NYSE:DIS) had its price target reduced by investment analysts at UBS Group from $140.00 to $130.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the entertainment giant’s stock. UBS Group’s price target would suggest a potential upside of 22.98% from the stock’s current price.

Several other equities analysts have also issued reports on DIS. Wells Fargo & Company lifted their price target on Walt Disney from $128.00 to $141.00 and gave the company an “overweight” rating in a research note on Tuesday, April 23rd. Guggenheim boosted their target price on Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, April 3rd. Barclays upgraded shares of Walt Disney from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $95.00 to $135.00 in a research note on Monday, March 25th. Morgan Stanley increased their price objective on shares of Walt Disney from $110.00 to $135.00 and gave the company an “overweight” rating in a research note on Monday, March 4th. Finally, Evercore ISI raised their target price on shares of Walt Disney from $115.00 to $130.00 and gave the company an “outperform” rating in a research report on Monday, April 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-three have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $126.75.

Walt Disney Price Performance

DIS traded up $0.32 on Wednesday, hitting $105.71. 4,497,044 shares of the stock were exchanged, compared to its average volume of 11,973,774. The firm has a market capitalization of $193.91 billion, a price-to-earnings ratio of 65.36, a PEG ratio of 1.39 and a beta of 1.40. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.84 and a quick ratio of 0.77. Walt Disney has a 12 month low of $78.73 and a 12 month high of $123.74. The business has a 50-day moving average of $114.59 and a two-hundred day moving average of $101.21.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. The company had revenue of $22.08 billion during the quarter, compared to the consensus estimate of $22.12 billion. Walt Disney had a net margin of 3.36% and a return on equity of 7.88%. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.93 EPS. Sell-side analysts forecast that Walt Disney will post 4.7 EPS for the current fiscal year.

Insider Activity at Walt Disney

In other news, EVP Sonia L. Coleman sold 1,857 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $121.92, for a total transaction of $226,405.44. Following the transaction, the executive vice president now owns 4,400 shares in the company, valued at $536,448. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Walt Disney

Several hedge funds and other institutional investors have recently modified their holdings of DIS. Planned Solutions Inc. purchased a new stake in shares of Walt Disney in the fourth quarter valued at about $26,000. Gold Investment Management Ltd. purchased a new stake in Walt Disney in the 4th quarter valued at about $28,000. Partnership Wealth Management LLC bought a new stake in Walt Disney during the fourth quarter worth $33,000. Stone House Investment Management LLC raised its stake in shares of Walt Disney by 355.3% during the 4th quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock worth $31,000 after purchasing an additional 270 shares during the period. Finally, Red Tortoise LLC boosted its stake in Walt Disney by 141.4% in the first quarter. Red Tortoise LLC now owns 367 shares of the entertainment giant’s stock valued at $45,000 after acquiring an additional 215 shares during the last quarter. Institutional investors own 65.71% of the company’s stock.

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.