Walt Disney (NYSE:DIS) Given “Buy” Rating at Needham & Company LLC

Needham & Company LLC restated their buy rating on shares of Walt Disney (NYSE:DIS) in a report published on Thursday,Benzinga reports. Needham & Company LLC currently has a $125.00 price target on the entertainment giant’s stock.

Other equities research analysts have also recently issued reports about the company. Wolfe Research raised 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. Prescient Securities cut their price objective on shares of Walt Disney from $130.00 to $115.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 4th. The Goldman Sachs Group lifted their target price on shares of Walt Disney from $137.00 to $139.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th. Rosenblatt Securities reiterated a “buy” rating and set a $135.00 price target on shares of Walt Disney in a report on Monday, February 10th. Finally, Morgan Stanley boosted their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Six equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Walt Disney has an average rating of “Moderate Buy” and an average target price of $123.54.

Walt Disney Stock Up 0.8 %

Shares of NYSE DIS opened at $105.93 on Thursday. The firm has a fifty day simple moving average of $93.86 and a two-hundred day simple moving average of $104.16. Walt Disney has a 12 month low of $80.10 and a 12 month high of $118.63. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $191.50 billion, a PE ratio of 34.50, a price-to-earnings-growth ratio of 1.80 and a beta of 1.49.

Walt Disney (NYSE:DIS) last announced its earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.24. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. The firm had revenue of $23.62 billion for the quarter, compared to analysts’ expectations of $23.15 billion. During the same quarter in the previous year, the business posted $1.21 EPS. The company’s quarterly revenue was up 7.0% on a year-over-year basis. Equities analysts expect that Walt Disney will post 5.47 earnings per share for the current year.

Institutional Investors Weigh In On Walt Disney

Large investors have recently made changes to their positions in the stock. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Walt Disney in the first quarter worth $26,000. Mpwm Advisory Solutions LLC purchased a new stake in Walt Disney in the fourth quarter valued at $27,000. Kessler Investment Group LLC boosted its holdings in Walt Disney by 274.0% in the first 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. FPC Investment Advisory Inc. acquired a new stake in Walt Disney during the 4th quarter worth about $28,000. Finally, Tacita Capital Inc lifted its holdings in shares of Walt Disney by 93.2% in the 4th quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant’s stock valued at $29,000 after buying an additional 124 shares during the period. 65.71% of the stock is 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.