Barclays Boosts Walt Disney (NYSE:DIS) Price Target to $95.00

Walt Disney (NYSE:DISFree Report) had its target price lifted by Barclays from $88.00 to $95.00 in a research note released on Thursday morning, Benzinga reports. They currently have an equal weight rating on the entertainment giant’s stock.

Other research analysts also recently issued research reports about the stock. StockNews.com upgraded shares of Walt Disney from a sell rating to a hold rating in a research report on Friday, November 10th. Wells Fargo & Company boosted their target price on shares of Walt Disney from $110.00 to $115.00 and gave the company an overweight rating in a research report on Thursday, November 9th. Rosenblatt Securities dropped their target price on shares of Walt Disney from $114.00 to $112.00 and set a buy rating on the stock in a research report on Friday, December 22nd. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Walt Disney from $115.00 to $110.00 and set a buy rating on the stock in a research report on Wednesday. Finally, Raymond James upped their price objective on shares of Walt Disney from $93.00 to $101.00 and gave the stock an outperform rating in a report on Friday, November 10th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of Moderate Buy and a consensus target price of $109.67.

View Our Latest Report on Walt Disney

Walt Disney Stock Down 1.9 %

Shares of NYSE DIS opened at $108.39 on Thursday. The company has a market capitalization of $198.82 billion, a P/E ratio of 66.91, a price-to-earnings-growth ratio of 1.89 and a beta of 1.39. Walt Disney has a 52-week low of $78.73 and a 52-week high of $112.77. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.99 and a current ratio of 0.84. The company’s 50 day moving average price is $93.44 and its 200-day moving average price is $88.31.

Walt Disney (NYSE:DISGet Free Report) last released its earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.25. Walt Disney had a net margin of 3.36% and a return on equity of 7.88%. The company had revenue of $23.50 billion for the quarter, compared to the consensus estimate of $23.71 billion. During the same quarter in the previous year, the company earned $0.99 EPS. Walt Disney’s quarterly revenue was down .1% compared to the same quarter last year. Equities analysts forecast that Walt Disney will post 4.72 earnings per share for the current year.

Walt Disney Cuts Dividend

The business also recently announced a semi-annual dividend, which will be paid on Thursday, July 25th. Investors of record on Monday, July 8th will be paid a $0.45 dividend. This represents a yield of 0.5%. The ex-dividend date is Monday, July 8th. Walt Disney’s dividend payout ratio is currently 18.52%.

Insider Activity at Walt Disney

In other Walt Disney news, Director Amy Chang purchased 1,078 shares of Walt Disney stock in a transaction on Thursday, December 7th. The shares were acquired at an average cost of $92.69 per share, for a total transaction of $99,919.82. Following the completion of the transaction, the director now directly owns 6,216 shares of the company’s stock, valued at $576,161.04. The purchase was disclosed in a filing with the SEC, which is available at this link. In other news, EVP Sonia L. Coleman sold 898 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $90.11, for a total value of $80,918.78. Following the transaction, the executive vice president now owns 1,861 shares in the company, valued at $167,694.71. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Amy Chang bought 1,078 shares of the business’s stock in a transaction dated Thursday, December 7th. The stock was purchased at an average price of $92.69 per share, for a total transaction of $99,919.82. Following the acquisition, the director now directly owns 6,216 shares of the company’s stock, valued at approximately $576,161.04. The disclosure for this purchase can be found here. 0.10% of the stock is currently owned by insiders.

Institutional Trading of Walt Disney

Large investors have recently added to or reduced their stakes in the stock. Advisors Capital Management LLC boosted its holdings in Walt Disney by 6.1% in the second quarter. Advisors Capital Management LLC now owns 346,034 shares of the entertainment giant’s stock valued at $30,894,000 after acquiring an additional 19,882 shares in the last quarter. Silvia Mccoll Wealth Management LLC boosted its holdings in Walt Disney by 4.2% in the second quarter. Silvia Mccoll Wealth Management LLC now owns 4,040 shares of the entertainment giant’s stock valued at $361,000 after acquiring an additional 164 shares in the last quarter. Pathway Financial Advisors LLC lifted its position in Walt Disney by 4.9% during the third quarter. Pathway Financial Advisors LLC now owns 3,024 shares of the entertainment giant’s stock valued at $245,000 after buying an additional 141 shares during the period. Tempus Wealth Planning LLC lifted its position in Walt Disney by 4.5% during the third quarter. Tempus Wealth Planning LLC now owns 12,722 shares of the entertainment giant’s stock valued at $1,031,000 after buying an additional 546 shares during the period. Finally, DCM Advisors LLC lifted its position in Walt Disney by 0.3% during the second quarter. DCM Advisors LLC now owns 73,970 shares of the entertainment giant’s stock valued at $6,604,000 after buying an additional 198 shares during the period. Institutional investors own 61.17% of the company’s stock.

Walt Disney Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Walt Disney (NYSE:DIS)

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