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

Walt Disney (NYSE:DIS) had its price target raised by Needham & Company LLC from $110.00 to $130.00 in a research note released on Friday morning,Benzinga reports. They currently have a buy rating on the entertainment giant’s stock.

Other equities analysts also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Walt Disney from $115.00 to $131.00 and gave the company a “buy” rating in a report on Friday. JPMorgan Chase & Co. cut their price objective on shares of Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Piper Sandler initiated coverage on shares of Walt Disney in a research note on Wednesday, October 16th. They set a “neutral” rating and a $95.00 price objective on the stock. TD Cowen lifted their price objective on shares of Walt Disney from $108.00 to $123.00 and gave the company a “hold” rating in a research note on Friday. Finally, UBS Group cut their price objective on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Five equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Walt Disney has a consensus rating of “Moderate Buy” and an average price target of $123.83.

Walt Disney Stock Performance

Shares of DIS opened at $113.55 on Friday. Walt Disney has a 1 year low of $83.91 and a 1 year high of $123.74. The company has a market cap of $205.93 billion, a price-to-earnings ratio of 41.90, a price-to-earnings-growth ratio of 1.87 and a beta of 1.40. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.66 and a current ratio of 0.73. The firm has a fifty day moving average of $96.07 and a 200-day moving average of $96.60.

Hedge Funds Weigh In On Walt Disney

A number of institutional investors have recently bought and sold shares of DIS. ESL Trust Services LLC purchased a new position in Walt Disney in the 1st quarter worth about $31,000. William B. Walkup & Associates Inc. purchased a new position in Walt Disney in the 2nd quarter worth about $32,000. Mascoma Wealth Management LLC increased its stake in Walt Disney by 38.0% in the 2nd quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock worth $44,000 after purchasing an additional 122 shares in the last quarter. First PREMIER Bank increased its stake in Walt Disney by 98.1% in the 3rd quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock worth $50,000 after purchasing an additional 256 shares in the last quarter. Finally, FSA Wealth Management LLC purchased a new position in Walt Disney in the 3rd quarter worth about $51,000. Hedge funds and other 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.