Walt Disney (NYSE:DIS) Given New $110.00 Price Target at Macquarie

Walt Disney (NYSE:DIS) had its target price upped by Macquarie from $91.00 to $110.00 in a research note published on Friday morning,Benzinga reports. The firm currently has a neutral rating on the entertainment giant’s stock.

DIS has been the topic of several other research reports. Evercore ISI boosted their price target on Walt Disney from $105.00 to $128.00 and gave the company an “outperform” rating in a research note on Tuesday. Needham & Company LLC reiterated a “buy” rating and set a $110.00 price target on shares of Walt Disney in a research report on Wednesday, October 23rd. Wells Fargo & Company decreased their target price on Walt Disney from $136.00 to $116.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. JPMorgan Chase & Co. decreased their price target on shares of Walt Disney from $135.00 to $125.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Finally, Piper Sandler assumed coverage on shares of Walt Disney in a report on Wednesday, October 16th. They issued a “neutral” rating and a $95.00 price target for the company. Five 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 company. According to data from MarketBeat, Walt Disney currently has a consensus rating of “Moderate Buy” and a consensus price target of $123.57.

Walt Disney Stock Up 5.5 %

Walt Disney stock traded up $5.96 during mid-day trading on Friday, hitting $115.08. 32,048,032 shares of the company’s stock were exchanged, compared to its average volume of 11,005,124. The stock has a 50 day moving average of $95.57 and a two-hundred day moving average of $96.79. Walt Disney has a 1-year low of $83.91 and a 1-year high of $123.74. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.38. The stock has a market cap of $208.71 billion, a P/E ratio of 44.25, a P/E/G ratio of 1.67 and a beta of 1.40.

Hedge Funds Weigh In On Walt Disney

Hedge funds and other institutional investors have recently bought and sold shares of the stock. ESL Trust Services LLC acquired a new stake in shares of Walt Disney in the 1st quarter valued at about $31,000. William B. Walkup & Associates Inc. bought a new stake in Walt Disney during the second quarter worth approximately $32,000. Mascoma Wealth Management LLC boosted its stake in Walt Disney by 38.0% during the second quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock valued at $44,000 after buying an additional 122 shares in the last quarter. First PREMIER Bank raised its position in shares of Walt Disney by 98.1% during the third quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock worth $50,000 after purchasing an additional 256 shares during the period. Finally, FSA Wealth Management LLC purchased a new position in shares of Walt Disney during the third quarter valued at $51,000. 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.