Walt Disney (NYSE:DIS) Price Target Raised to $141.00 at Rosenblatt Securities

Walt Disney (NYSE:DIS) had its price objective upped by Rosenblatt Securities from $140.00 to $141.00 in a research note released on Monday,Benzinga reports. The firm currently has a buy rating on the entertainment giant’s stock.

A number of other research analysts have also commented on DIS. Loop Capital upped their price objective on Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday, June 10th. Morgan Stanley upped their price objective on Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a report on Monday, August 4th. Citigroup upped their price objective on Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, July 9th. Barclays upped their price objective on Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a report on Wednesday, July 9th. Finally, JPMorgan Chase & Co. upped their price objective on Walt Disney from $130.00 to $138.00 and gave the company an “overweight” rating in a report on Tuesday, July 29th. Eight analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $131.18.

Walt Disney Stock Up 0.2%

DIS opened at $112.60 on Monday. Walt Disney has a 1-year low of $80.10 and a 1-year high of $124.69. The stock’s fifty day simple moving average is $119.16 and its 200 day simple moving average is $107.98. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32. The stock has a market cap of $202.45 billion, a PE ratio of 17.65, a price-to-earnings-growth ratio of 1.62 and a beta of 1.56.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share for the quarter, beating analysts’ consensus estimates of $1.45 by $0.16. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%. The business had revenue of $23.65 billion for the quarter, compared to analysts’ expectations of $23.69 billion. During the same quarter in the prior year, the business earned $1.39 EPS. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. As a group, research analysts expect that Walt Disney will post 5.47 earnings per share for the current year.

Institutional Trading of Walt Disney

Large investors have recently bought and sold shares of the business. DiNuzzo Private Wealth Inc. boosted its stake in Walt Disney by 82.5% in the second quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock valued at $26,000 after buying an additional 94 shares in the last quarter. Mpwm Advisory Solutions LLC bought a new position in Walt Disney in the fourth quarter valued at about $27,000. MJT & Associates Financial Advisory Group Inc. bought a new position in Walt Disney in the first quarter valued at about $26,000. Kessler Investment Group LLC raised its position 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. Finally, Harbor Asset Planning Inc. bought a new position in Walt Disney in the second quarter valued at about $37,000. 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.