Deutsche Bank Aktiengesellschaft Raises Walt Disney (NYSE:DIS) Price Target to $130.00

Walt Disney (NYSE:DIS) had its price objective raised by Deutsche Bank Aktiengesellschaft from $125.00 to $130.00 in a report issued on Monday morning, Benzinga reports. They currently have a buy rating on the entertainment giant’s stock.

DIS has been the subject of a number of other research reports. UBS Group boosted their price objective on Walt Disney from $120.00 to $140.00 and gave the company a buy rating in a research report on Wednesday, March 27th. Morgan Stanley lifted their price target on Walt Disney from $110.00 to $135.00 and gave the company an overweight rating in a report on Monday, March 4th. Guggenheim raised their price target on shares of Walt Disney from $125.00 to $140.00 and gave the stock a buy rating in a report on Wednesday, April 3rd. Evercore ISI upped their target price on Walt Disney from $115.00 to $130.00 and gave the stock an outperform rating in a research report on Monday, April 8th. Finally, The Goldman Sachs Group cut their price target on shares of Walt Disney from $125.00 to $120.00 and set a buy rating on the stock in a report on Thursday, February 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-three have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of Moderate Buy and an average price target of $126.46.

Walt Disney Price Performance

Shares of NYSE DIS opened at $105.46 on Monday. Walt Disney has a twelve month low of $78.73 and a twelve month high of $123.74. The company has a current ratio of 0.84, a quick ratio of 0.77 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $193.45 billion, a price-to-earnings ratio of 65.10, a price-to-earnings-growth ratio of 1.39 and a beta of 1.40. The business has a 50 day simple moving average of $114.59 and a 200-day simple moving average of $101.21.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. Walt Disney had a return on equity of 7.88% and a net margin of 3.36%. The business had revenue of $22.08 billion during the quarter, compared to the consensus estimate of $22.12 billion. During the same period in the previous year, the business earned $0.93 EPS. The business’s quarterly revenue was up 1.2% on a year-over-year basis. As a group, equities research analysts expect that Walt Disney will post 4.7 earnings per share for the current year.

Insider Activity at Walt Disney

In other Walt Disney news, EVP Sonia L. Coleman sold 1,857 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $121.92, for a total value of $226,405.44. Following the transaction, the executive vice president now directly owns 4,400 shares in the company, valued at approximately $536,448. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Walt Disney by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 151,443,502 shares of the entertainment giant’s stock worth $13,673,834,000 after purchasing an additional 1,555,748 shares during the last quarter. Morgan Stanley raised its stake in Walt Disney by 0.4% during the 3rd quarter. Morgan Stanley now owns 44,318,444 shares of the entertainment giant’s stock worth $3,592,010,000 after buying an additional 195,512 shares during the period. Trian Fund Management L.P. raised its stake in Walt Disney by 411.6% during the 3rd 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. Northern Trust Corp raised its stake in Walt Disney by 10.6% during the 3rd 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. Finally, Norges Bank acquired a new stake in Walt Disney during the 4th quarter worth $1,938,647,000. 65.71% of the stock is currently owned by institutional investors.

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.