Walt Disney (NYSE:DIS) Stock Price Expected to Rise, Rosenblatt Securities Analyst Says

Walt Disney (NYSE:DIS) had its target price upped by research analysts at Rosenblatt Securities from $122.00 to $135.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the entertainment giant’s stock. Rosenblatt Securities’ price target indicates a potential upside of 19.43% from the stock’s current price.

A number of other research firms have also recently issued reports on DIS. TD Cowen lifted their price target on shares of Walt Disney from $108.00 to $123.00 and gave the company a “hold” rating in a research note on Friday, November 15th. Morgan Stanley raised their price target on shares of Walt Disney from $110.00 to $125.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Macquarie increased their target price on Walt Disney from $91.00 to $110.00 and gave the company a “neutral” rating in a report on Friday, November 15th. Wells Fargo & Company lifted their price target on Walt Disney from $116.00 to $138.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Finally, Needham & Company LLC increased their price objective on Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Six research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Walt Disney has a consensus rating of “Moderate Buy” and an average target price of $123.58.

Walt Disney Trading Up 0.8 %

Walt Disney stock opened at $113.04 on Monday. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 0.37. The firm has a market cap of $204.71 billion, a PE ratio of 41.71, a P/E/G ratio of 2.05 and a beta of 1.42. The stock’s 50 day simple moving average is $105.49 and its two-hundred day simple moving average is $98.25. Walt Disney has a 12 month low of $83.91 and a 12 month high of $123.74.

Walt Disney (NYSE:DIS) last posted its earnings results on Thursday, November 14th. The entertainment giant reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $0.05. Walt Disney had a return on equity of 9.21% and a net margin of 5.44%. The firm had revenue of $22.57 billion for the quarter, compared to analysts’ expectations of $22.49 billion. During the same period last year, the firm earned $0.82 EPS. The company’s quarterly revenue was up 6.3% on a year-over-year basis. Analysts anticipate that Walt Disney will post 5.41 earnings per share for the current year.

Insider Activity at Walt Disney

In other news, CEO Robert A. Iger sold 372,412 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $114.57, for a total transaction of $42,667,242.84. Following the completion of the transaction, the chief executive officer now directly owns 226,767 shares of the company’s stock, valued at approximately $25,980,695.19. This represents a 62.15 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Brent Woodford sold 5,000 shares of the company’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $113.62, for a total value of $568,100.00. Following the transaction, the executive vice president now directly owns 44,055 shares in the company, valued at $5,005,529.10. This represents a 10.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 385,412 shares of company stock worth $44,153,263 in the last three months. Insiders own 0.10% of the company’s stock.

Hedge Funds Weigh In On Walt Disney

A number of institutional investors and hedge funds have recently made changes to their positions in DIS. Farallon Capital Management LLC purchased a new position in Walt Disney in the second quarter valued at about $355,673,000. International Assets Investment Management LLC increased its stake in Walt Disney by 12,574.4% in the 3rd quarter. International Assets Investment Management LLC now owns 3,426,393 shares of the entertainment giant’s stock valued at $329,585,000 after purchasing an additional 3,399,359 shares in the last quarter. FMR LLC raised its holdings in Walt Disney by 8.7% during the third quarter. FMR LLC now owns 34,416,668 shares of the entertainment giant’s stock worth $3,310,539,000 after purchasing an additional 2,765,389 shares during the last quarter. Van ECK Associates Corp grew its holdings in Walt Disney by 114.4% in the third quarter. Van ECK Associates Corp now owns 4,307,794 shares of the entertainment giant’s stock valued at $414,582,000 after purchasing an additional 2,298,921 shares during the last quarter. Finally, Janus Henderson Group PLC increased its position in shares of Walt Disney by 112.0% in the third quarter. Janus Henderson Group PLC now owns 4,142,991 shares of the entertainment giant’s stock valued at $398,508,000 after buying an additional 2,188,610 shares in the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

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.