The Walt Disney Company (NYSE:DIS) Receives $117.95 Consensus Price Target from Analysts

Shares of The Walt Disney Company (NYSE:DIS) have earned a consensus rating of “Moderate Buy” from the twenty-three ratings firms that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $117.95.

A number of research analysts have recently commented on DIS shares. Raymond James lowered their price objective on Walt Disney from $123.00 to $101.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Redburn Atlantic upgraded shares of Walt Disney from a “sell” rating to a “neutral” rating and set a $100.00 price objective for the company in a research note on Tuesday, May 21st. Wells Fargo & Company lowered their target price on shares of Walt Disney from $136.00 to $116.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Bank of America cut their target price on shares of Walt Disney from $145.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Finally, Loop Capital lowered their price target on Walt Disney from $139.00 to $130.00 and set a “buy” rating on the stock in a research report on Tuesday, July 30th.

Walt Disney Trading Up 0.1 %

NYSE:DIS opened at $89.23 on Monday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.66 and a current ratio of 0.72. The company has a market capitalization of $162.67 billion, a P/E ratio of 96.99, a P/E/G ratio of 1.34 and a beta of 1.40. The stock’s 50 day moving average price is $92.48 and its 200 day moving average price is $103.53. Walt Disney has a 52 week low of $78.73 and a 52 week high of $123.74.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 EPS for the quarter, topping the consensus estimate of $1.20 by $0.19. The company had revenue of $23.20 billion for the quarter, compared to analyst estimates of $23.08 billion. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. Walt Disney’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.03 EPS. On average, research analysts forecast that Walt Disney will post 4.92 EPS for the current fiscal year.

Insider Activity

In other Walt Disney news, Director Calvin Mcdonald purchased 11,756 shares of the business’s stock in a transaction on Thursday, August 8th. The stock was purchased at an average price of $85.06 per share, for a total transaction of $999,965.36. Following the completion of the purchase, the director now directly owns 22,313 shares in the company, valued at $1,897,943.78. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.10% of the company’s stock.

Institutional Investors Weigh In On Walt Disney

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its position in Walt Disney by 1.5% in 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 purchasing an additional 2,325,582 shares during the last quarter. Norges Bank bought a new position in Walt Disney in the fourth quarter valued at about $1,938,647,000. Bank of New York Mellon Corp increased its position in Walt Disney by 10.8% in the second 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 purchasing an additional 1,449,730 shares during the period. Legal & General Group Plc raised its holdings in Walt Disney by 3.1% during the 2nd quarter. Legal & General Group Plc now owns 14,281,047 shares of the entertainment giant’s stock worth $1,417,958,000 after purchasing an additional 425,438 shares during the last quarter. Finally, Jennison Associates LLC acquired a new position in Walt Disney during the 1st quarter valued at about $1,490,492,000. 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.