Walt Disney (NYSE:DIS) Stock Price Expected to Rise, UBS Group Analyst Says

Walt Disney (NYSE:DIS) had its price objective increased by UBS Group from $120.00 to $138.00 in a report published on Wednesday morning, MarketBeat.com reports. UBS Group currently has a buy rating on the entertainment giant’s stock.

Several other equities research analysts have also issued reports on DIS. Morgan Stanley increased their target price on shares of Walt Disney from $110.00 to $120.00 and gave the stock an “overweight” rating in a report on Thursday, May 8th. Barclays increased their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 9th. Wolfe Research upgraded shares of Walt Disney from a “peer perform” rating to an “outperform” rating and set a $112.00 target price on the stock in a research note on Monday, April 21st. Loop Capital upped their target price on shares of Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday, June 10th. Finally, Guggenheim raised their price target on Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a report on Friday, June 27th. Five research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Walt Disney currently has an average rating of “Moderate Buy” and an average target price of $128.13.

Walt Disney Trading Down 0.7%

NYSE:DIS opened at $121.36 on Wednesday. Walt Disney has a one year low of $80.10 and a one year high of $124.69. The business has a fifty day moving average price of $117.00 and a 200-day moving average price of $107.00. The firm has a market capitalization of $218.17 billion, a price-to-earnings ratio of 24.82, a price-to-earnings-growth ratio of 1.79 and a beta of 1.56. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.67 and a quick ratio of 0.61.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.24. Walt Disney had a return on equity of 9.99% and a net margin of 9.47%. The business had revenue of $23.62 billion during the quarter, compared to analyst estimates of $23.15 billion. During the same quarter in the previous year, the company posted $1.21 earnings per share. Walt Disney’s revenue for the quarter was up 7.0% on a year-over-year basis. Sell-side analysts forecast that Walt Disney will post 5.47 EPS for the current year.

Insider Activity at Walt Disney

In related news, EVP Brent Woodford sold 1,000 shares of the firm’s stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total value of $110,840.00. Following the completion of the transaction, the executive vice president directly owned 46,831 shares of the company’s stock, valued at approximately $5,190,748.04. This trade represents a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.16% of the company’s stock.

Institutional Investors Weigh In On Walt Disney

A number of hedge funds have recently bought and sold shares of DIS. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of Walt Disney in the 1st quarter valued at about $26,000. DiNuzzo Private Wealth Inc. lifted its stake in shares of Walt Disney by 82.5% in the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock valued at $26,000 after purchasing an additional 94 shares during the last quarter. Mpwm Advisory Solutions LLC purchased a new position in shares of Walt Disney in the 4th quarter worth approximately $27,000. Kessler Investment Group LLC increased its position in shares of Walt Disney by 274.0% during the 1st quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant’s stock valued at $27,000 after purchasing an additional 200 shares during the last quarter. Finally, Pilgrim Partners Asia Pte Ltd purchased a new stake in Walt Disney during the 4th quarter valued at $32,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

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.