Walt Disney (NYSE:DIS) Price Target Raised to $140.00

Walt Disney (NYSE:DIS) had its price target increased by research analysts at Bank of America from $120.00 to $140.00 in a research report issued on Friday,Benzinga reports. The firm currently has a “buy” rating on the entertainment giant’s stock. Bank of America‘s target price indicates a potential upside of 21.65% from the company’s previous close.

A number of other research analysts have also issued reports on DIS. Sanford C. Bernstein boosted their price objective on Walt Disney from $115.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday. Needham & Company LLC reissued a “buy” rating and set a $110.00 price target on shares of Walt Disney in a report on Wednesday, October 23rd. Evercore ISI increased their price objective on shares of Walt Disney from $105.00 to $128.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Raymond James reissued a “market perform” rating on shares of Walt Disney in a research note on Tuesday, October 1st. Finally, Piper Sandler began coverage on shares of Walt Disney in a research note on Wednesday, October 16th. They issued a “neutral” rating and a $95.00 price target on the stock. Five research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Walt Disney presently has an average rating of “Moderate Buy” and a consensus price target of $123.57.

Walt Disney Stock Performance

Shares of NYSE DIS opened at $115.08 on Friday. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.38. The firm’s 50-day moving average price is $95.57 and its two-hundred day moving average price is $96.69. Walt Disney has a 52-week low of $83.91 and a 52-week high of $123.74. The stock has a market capitalization of $208.71 billion, a P/E ratio of 44.26, a P/E/G ratio of 1.67 and a beta of 1.40.

Hedge Funds Weigh In On Walt Disney

Several institutional investors and hedge funds have recently added to or reduced their stakes in DIS. ESL Trust Services LLC acquired a new stake in shares of Walt Disney in the first quarter worth $31,000. William B. Walkup & Associates Inc. purchased a new stake in Walt Disney in the 2nd quarter worth about $32,000. Mascoma Wealth Management LLC boosted its position in Walt Disney by 38.0% during the 2nd quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock worth $44,000 after acquiring an additional 122 shares during the period. First PREMIER Bank grew its stake in Walt Disney by 98.1% during the 3rd quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock valued at $50,000 after acquiring an additional 256 shares in the last quarter. Finally, FSA Wealth Management LLC acquired a new position in shares of Walt Disney in the 3rd quarter valued at about $51,000. 65.71% of the stock is currently owned by hedge funds and other 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.