Walt Disney (NYSE:DIS) Price Target Raised to $120.00

Walt Disney (NYSE:DIS) had its target price raised by equities research analysts at UBS Group from $105.00 to $120.00 in a report issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the entertainment giant’s stock. UBS Group’s price target would suggest a potential upside of 13.28% from the stock’s previous close.

Several other brokerages have also recently issued reports on DIS. Needham & Company LLC restated a “buy” rating and issued a $125.00 target price on shares of Walt Disney in a report on Thursday. Wolfe Research upgraded shares of Walt Disney from a “peer perform” rating to an “outperform” rating and set a $112.00 price objective for the company in a research note on Monday, April 21st. The Goldman Sachs Group lifted their target price on Walt Disney from $137.00 to $139.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. Loop Capital upped their target price on Walt Disney from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Barclays lifted their price target on Walt Disney from $115.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday. Six research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Walt Disney presently has an average rating of “Moderate Buy” and an average target price of $123.54.

Walt Disney Stock Performance

Shares of DIS stock opened at $105.93 on Thursday. The company has a market cap of $191.50 billion, a P/E ratio of 34.50, a PEG ratio of 1.80 and a beta of 1.49. The firm has a fifty day moving average price of $93.86 and a 200 day moving average price of $104.11. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36. Walt Disney has a 12 month low of $80.10 and a 12 month high of $118.63.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.24. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. The business had revenue of $23.62 billion during the quarter, compared to analysts’ expectations of $23.15 billion. During the same period in the prior year, the firm posted $1.21 EPS. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. Sell-side analysts predict that Walt Disney will post 5.47 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Walt Disney

Several institutional investors have recently made changes to their positions in the stock. Legacy Private Trust Co. raised its holdings in Walt Disney by 3.9% during the fourth quarter. Legacy Private Trust Co. now owns 14,712 shares of the entertainment giant’s stock worth $1,638,000 after purchasing an additional 555 shares during the last quarter. Fortitude Family Office LLC raised its stake in shares of Walt Disney by 4.9% during the 4th quarter. Fortitude Family Office LLC now owns 2,568 shares of the entertainment giant’s stock worth $286,000 after buying an additional 119 shares during the last quarter. Baker Tilly Wealth Management LLC boosted its position in shares of Walt Disney by 7.6% in the 4th quarter. Baker Tilly Wealth Management LLC now owns 14,804 shares of the entertainment giant’s stock worth $1,648,000 after buying an additional 1,046 shares in the last quarter. ORG Partners LLC grew its stake in Walt Disney by 29.7% in the 4th quarter. ORG Partners LLC now owns 2,405 shares of the entertainment giant’s stock valued at $268,000 after acquiring an additional 551 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in Walt Disney by 39.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 1,514,810 shares of the entertainment giant’s stock valued at $168,674,000 after acquiring an additional 425,012 shares in the last quarter. 65.71% of the stock is currently owned by hedge funds and other 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.