Walt Disney (NYSE:DIS) Price Target Increased to $128.00 by Analysts at Raymond James

Walt Disney (NYSE:DIS) had its target price raised by investment analysts at Raymond James from $112.00 to $128.00 in a report issued on Tuesday, Benzinga reports. The firm presently has an “outperform” rating on the entertainment giant’s stock. Raymond James’ price target would indicate a potential upside of 5.80% from the company’s previous close.

Other equities analysts have also issued research reports about the company. Barclays raised Walt Disney from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $95.00 to $135.00 in a research note on Monday. The Goldman Sachs Group cut their target price on Walt Disney from $125.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, February 8th. Morgan Stanley increased their target price on Walt Disney from $110.00 to $135.00 and gave the company an “overweight” rating in a research note on Monday, March 4th. Deutsche Bank Aktiengesellschaft cut their target price on Walt Disney from $115.00 to $110.00 and set a “buy” rating on the stock in a research note on Wednesday, February 7th. Finally, Rosenblatt Securities cut their target price on Walt Disney from $114.00 to $112.00 and set a “buy” rating on the stock in a research note on Friday, December 22nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $116.64.

Walt Disney Price Performance

Walt Disney stock opened at $120.98 on Tuesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.77 and a current ratio of 0.84. The firm has a market cap of $221.91 billion, a P/E ratio of 74.56, a P/E/G ratio of 1.85 and a beta of 1.41. The business’s fifty day moving average is $106.66 and its two-hundred day moving average is $94.34. Walt Disney has a 52 week low of $78.73 and a 52 week high of $122.03.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.25. Walt Disney had a return on equity of 7.88% and a net margin of 3.36%. The business had revenue of $23.50 billion for the quarter, compared to analyst estimates of $23.71 billion. During the same quarter in the prior year, the firm posted $0.99 earnings per share. The firm’s revenue for the quarter was down .1% compared to the same quarter last year. Equities research analysts forecast that Walt Disney will post 4.62 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Walt Disney news, EVP Sonia L. Coleman sold 898 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $90.11, for a total transaction of $80,918.78. Following the completion of the sale, the executive vice president now directly owns 1,861 shares of the company’s stock, valued at approximately $167,694.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On Walt Disney

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Walt Disney by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 151,443,502 shares of the entertainment giant’s stock worth $13,673,834,000 after acquiring an additional 1,555,748 shares in the last quarter. State Street Corp increased its position in shares of Walt Disney by 3.5% during the 2nd quarter. State Street Corp now owns 73,142,473 shares of the entertainment giant’s stock valued at $6,530,160,000 after purchasing an additional 2,482,492 shares during the last quarter. Morgan Stanley increased its holdings in shares of Walt Disney by 13.5% in the fourth quarter. Morgan Stanley now owns 46,172,567 shares of the entertainment giant’s stock worth $4,011,473,000 after buying an additional 5,499,014 shares during the period. Trian Fund Management L.P. increased its holdings in shares of Walt Disney by 411.6% in the third quarter. Trian Fund Management L.P. now owns 32,868,307 shares of the entertainment giant’s stock worth $2,663,976,000 after buying an additional 26,443,257 shares during the period. Finally, Northern Trust Corp increased its holdings in shares of Walt Disney by 10.6% in the third quarter. Northern Trust Corp now owns 24,859,476 shares of the entertainment giant’s stock worth $2,014,861,000 after buying an additional 2,384,407 shares during the period. 65.71% of the stock is owned by institutional investors.

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.