Walt Disney (NYSE:DIS) Sets New 12-Month High Following Analyst Upgrade

Shares of The Walt Disney Company (NYSE:DIS) hit a new 52-week high on Tuesday after Loop Capital raised their price target on the stock from $125.00 to $130.00. Loop Capital currently has a buy rating on the stock. Walt Disney traded as high as $120.50 and last traded at $119.18, with a volume of 10783957 shares changing hands. The stock had previously closed at $115.66.

DIS has been the topic of a number of other research reports. Rosenblatt Securities boosted their target price on shares of Walt Disney from $135.00 to $140.00 and gave the stock a “buy” rating in a research note on Tuesday, June 3rd. Barclays boosted their price objective on Walt Disney from $115.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday, May 8th. Guggenheim dropped their target price on Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday, May 8th. UBS Group boosted their price target on Walt Disney from $105.00 to $120.00 and gave the stock a “buy” rating in a report on Thursday, May 8th. Finally, Wolfe Research raised Walt Disney from a “peer perform” rating to an “outperform” rating and set a $112.00 price objective for the company in a research note on Monday, April 21st. Six investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Walt Disney currently has an average rating of “Moderate Buy” and a consensus target price of $123.96.

Insider Activity

In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $110.84, for a total value of $110,840.00. Following the completion of the sale, the executive vice president now owns 46,831 shares of the company’s stock, valued at approximately $5,190,748.04. This trade represents a 2.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.16% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Walt Disney

Large investors have recently modified their holdings of the company. Brighton Jones LLC boosted its stake in Walt Disney by 7.7% during the 4th quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant’s stock valued at $2,980,000 after purchasing an additional 1,904 shares during the last quarter. Vest Financial LLC boosted its position in shares of Walt Disney by 14.3% during the fourth quarter. Vest Financial LLC now owns 7,489 shares of the entertainment giant’s stock valued at $834,000 after buying an additional 935 shares during the last quarter. Kestra Private Wealth Services LLC boosted its position in shares of Walt Disney by 16.4% during the fourth quarter. Kestra Private Wealth Services LLC now owns 81,303 shares of the entertainment giant’s stock valued at $9,053,000 after buying an additional 11,448 shares during the last quarter. Coronation Fund Managers Ltd. grew its holdings in Walt Disney by 1.7% during the fourth quarter. Coronation Fund Managers Ltd. now owns 187,785 shares of the entertainment giant’s stock worth $20,910,000 after buying an additional 3,054 shares in the last quarter. Finally, Angeles Wealth Management LLC raised its position in Walt Disney by 16.5% in the 4th quarter. Angeles Wealth Management LLC now owns 10,026 shares of the entertainment giant’s stock valued at $1,116,000 after buying an additional 1,422 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors.

Walt Disney Trading Up 2.6%

The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68. The firm has a market capitalization of $213.42 billion, a P/E ratio of 38.68, a PEG ratio of 1.80 and a beta of 1.54. The firm has a 50 day simple moving average of $98.83 and a two-hundred day simple moving average of $105.70.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.21 by $0.24. The company had revenue of $23.62 billion for the quarter, compared to analyst estimates of $23.15 billion. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. The firm’s revenue was up 7.0% on a year-over-year basis. During the same period last year, the firm earned $1.21 earnings per share. Equities research analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current year.

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.