Walt Disney (NYSE:DIS) Price Target Raised to $123.00 at TD Cowen

Walt Disney (NYSE:DIS) had its price target hoisted by investment analysts at TD Cowen from $108.00 to $123.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a “hold” rating on the entertainment giant’s stock. TD Cowen’s price target indicates a potential upside of 8.07% from the company’s previous close.

Several other research analysts have also commented on DIS. Evercore ISI raised their price target on Walt Disney from $105.00 to $128.00 and gave the stock an “outperform” rating in a research report on Tuesday. Bank of America boosted their price target on shares of Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday. Seaport Res Ptn upgraded shares of Walt Disney from a “hold” rating to a “strong-buy” rating in a report on Monday, September 30th. Barclays reduced their target price on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Finally, Needham & Company LLC restated a “buy” rating and issued a $110.00 price target on shares of Walt Disney in a research note on Wednesday, October 23rd. Five equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $122.70.

Walt Disney Trading Up 4.3 %

Shares of DIS stock traded up $4.70 during trading hours on Friday, hitting $113.82. The company had a trading volume of 17,189,654 shares, compared to its average volume of 10,938,443. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.72 and a quick ratio of 0.66. The stock has a market capitalization of $206.42 billion, a PE ratio of 43.78, a price-to-earnings-growth ratio of 1.67 and a beta of 1.40. The company’s fifty day moving average is $95.03 and its 200 day moving average is $96.77. Walt Disney has a fifty-two week low of $83.91 and a fifty-two week high of $123.74.

Hedge Funds Weigh In On Walt Disney

A number of institutional investors and hedge funds have recently made changes to their positions in DIS. FMR LLC grew its stake in Walt Disney by 8.7% in the 3rd quarter. FMR LLC now owns 34,416,668 shares of the entertainment giant’s stock worth $3,310,539,000 after acquiring an additional 2,765,389 shares during the period. Bank of New York Mellon Corp raised its stake in Walt Disney by 10.8% during 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 boosted its holdings in shares of Walt Disney by 3.1% in the 2nd quarter. Legal & General Group Plc now owns 14,281,047 shares of the entertainment giant’s stock valued at $1,417,958,000 after purchasing an additional 425,438 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Walt Disney by 3.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,850,678 shares of the entertainment giant’s stock valued at $1,332,297,000 after buying an additional 454,678 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its holdings in shares of Walt Disney by 2.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,040,297 shares of the entertainment giant’s stock worth $1,473,252,000 after purchasing an additional 293,482 shares during the period. 65.71% of the stock is owned by institutional investors and hedge funds.

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.