Analysts Set The Walt Disney Company (NYSE:DIS) Price Target at $132.90

Shares of The Walt Disney Company (NYSE:DIS) have been assigned an average recommendation of “Moderate Buy” from the twenty-eight analysts that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and nineteen have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $132.9048.

Several equities research analysts recently commented on the stock. Needham & Company LLC reiterated a “buy” rating and set a $125.00 target price on shares of Walt Disney in a research report on Tuesday, September 23rd. Evercore ISI lifted their price target on shares of Walt Disney from $134.00 to $140.00 and gave the stock an “outperform” rating in a report on Monday, August 4th. Rosenblatt Securities reissued a “buy” rating and issued a $141.00 price objective on shares of Walt Disney in a research note on Friday, October 17th. Stephens reaffirmed a “buy” rating on shares of Walt Disney in a research report on Monday, August 11th. Finally, UBS Group lifted their target price on Walt Disney from $120.00 to $138.00 and gave the stock a “buy” rating in a report on Wednesday, July 16th.

Walt Disney Price Performance

Shares of DIS opened at $110.80 on Friday. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32. The stock has a market cap of $199.21 billion, a PE ratio of 17.37, a PEG ratio of 1.45 and a beta of 1.55. Walt Disney has a 12-month low of $80.10 and a 12-month high of $124.69. The business has a 50-day simple moving average of $113.45 and a two-hundred day simple moving average of $113.62.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.45 by $0.16. The company had revenue of $23.65 billion for the quarter, compared to analysts’ expectations of $23.69 billion. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The business’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.39 earnings per share. Analysts anticipate that Walt Disney will post 5.47 earnings per share for the current fiscal year.

Institutional Trading of Walt Disney

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Copeland Capital Management LLC acquired a new position in Walt Disney during the 3rd quarter worth approximately $25,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Walt Disney during the first quarter valued at approximately $26,000. DiNuzzo Private Wealth Inc. raised its position in shares of Walt Disney by 82.5% during the second quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock worth $26,000 after purchasing an additional 94 shares during the period. Strengthening Families & Communities LLC bought a new position in shares of Walt Disney in the 3rd quarter worth $29,000. Finally, Pilgrim Partners Asia Pte Ltd acquired a new stake in Walt Disney in the 3rd quarter valued at $33,000. Institutional investors and hedge funds 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.