Walt Disney (NYSE:DIS) Price Target Cut to $115.00

Walt Disney (NYSE:DIS) had its target price lowered by equities research analysts at Deutsche Bank Aktiengesellschaft from $130.00 to $115.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the entertainment giant’s stock. Deutsche Bank Aktiengesellschaft’s price target would suggest a potential upside of 33.40% from the company’s previous close.

A number of other research analysts have also recently weighed in on DIS. Morgan Stanley dropped their target price on shares of Walt Disney from $130.00 to $110.00 and set an “overweight” rating on the stock in a research note on Monday, August 5th. UBS Group dropped their price objective on Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday. Macquarie raised their target price on Walt Disney from $104.00 to $107.00 and gave the stock a “neutral” rating in a research report on Monday, May 13th. Needham & Company LLC lowered their target price on Walt Disney from $145.00 to $110.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, Redburn Atlantic upgraded Walt Disney from a “sell” rating to a “neutral” rating and set a $100.00 price target for the company in a research note on Tuesday, May 21st. Three equities research analysts have rated the stock with 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 an average rating of “Moderate Buy” and a consensus target price of $118.75.

Walt Disney Stock Performance

Shares of Walt Disney stock traded up $0.25 during mid-day trading on Thursday, hitting $86.21. 16,008,396 shares of the stock were exchanged, compared to its average volume of 11,678,434. The company has a market capitalization of $157.16 billion, a P/E ratio of 93.71, a P/E/G ratio of 1.15 and a beta of 1.40. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.69 and a current ratio of 0.75. The company has a 50-day simple moving average of $96.90 and a 200 day simple moving average of $105.13. Walt Disney has a 12 month low of $78.73 and a 12 month high of $123.74.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.19. The firm had revenue of $23.20 billion during the quarter, compared to the consensus estimate of $23.08 billion. Walt Disney had a return on equity of 8.37% and a net margin of 1.90%. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.03 EPS. Sell-side analysts anticipate that Walt Disney will post 4.77 earnings per share for the current fiscal year.

Insider Activity at Walt Disney

In other Walt Disney news, Director Calvin Mcdonald purchased 11,756 shares of the stock in a transaction on Thursday, August 8th. The shares were purchased at an average price of $85.06 per share, with a total value of $999,965.36. Following the acquisition, the director now directly owns 22,313 shares in the company, valued at approximately $1,897,943.78. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Walt Disney

A number of institutional investors have recently made changes to their positions in DIS. Vanguard Group Inc. raised its holdings in shares of Walt Disney by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 153,769,084 shares of the entertainment giant’s stock valued at $18,815,185,000 after buying an additional 2,325,582 shares in the last quarter. Norges Bank purchased a new position in shares of Walt Disney during the fourth quarter worth approximately $1,938,647,000. Bank of New York Mellon Corp lifted its holdings in shares of Walt Disney by 10.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 14,883,983 shares of the entertainment giant’s stock worth $1,477,831,000 after acquiring an additional 1,449,730 shares during the last quarter. Jennison Associates LLC purchased a new stake in shares of Walt Disney in the 1st quarter valued at $1,490,492,000. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of Walt Disney by 2.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,040,297 shares of the entertainment giant’s stock valued at $1,473,252,000 after purchasing an additional 293,482 shares in the last quarter. 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.