Guggenheim Increases Walt Disney (NYSE:DIS) Price Target to $130.00

Walt Disney (NYSE:DIS) had its price objective lifted by Guggenheim from $110.00 to $130.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the entertainment giant’s stock. Guggenheim’s price target suggests a potential upside of 14.22% from the company’s current price.

Several other research firms also recently issued reports on DIS. Sanford C. Bernstein boosted their price objective on Walt Disney from $115.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday. Wells Fargo & Company upped their target price on Walt Disney from $116.00 to $138.00 and gave the company an “overweight” rating in a report on Friday. Piper Sandler initiated coverage on Walt Disney in a research report on Wednesday, October 16th. They issued a “neutral” rating and a $95.00 target price on the stock. Morgan Stanley upped their price objective on shares of Walt Disney from $110.00 to $125.00 and gave the stock an “overweight” rating in a report on Friday. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Walt Disney from $115.00 to $131.00 and gave the company a “buy” rating in a research note on Friday. Five research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $122.70.

Walt Disney Price Performance

DIS stock traded up $4.70 on Friday, hitting $113.82. 17,189,654 shares of the company’s stock traded hands, compared to its average volume of 10,938,443. The stock has a market cap of $206.42 billion, a price-to-earnings ratio of 43.78, a P/E/G ratio of 1.67 and a beta of 1.40. Walt Disney has a 1-year low of $83.91 and a 1-year high of $123.74. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.38. The stock has a fifty day moving average of $95.03 and a 200-day moving average of $96.77.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in DIS. Smithfield Trust Co lifted its holdings in Walt Disney by 0.5% in the third quarter. Smithfield Trust Co now owns 18,869 shares of the entertainment giant’s stock valued at $1,809,000 after buying an additional 102 shares during the period. Transcendent Capital Group LLC grew its stake in shares of Walt Disney by 1.4% during the first quarter. Transcendent Capital Group LLC now owns 7,912 shares of the entertainment giant’s stock worth $968,000 after purchasing an additional 108 shares during the period. Connable Office Inc. increased its holdings in Walt Disney by 0.3% in the third quarter. Connable Office Inc. now owns 35,048 shares of the entertainment giant’s stock valued at $3,371,000 after purchasing an additional 108 shares during the last quarter. ADE LLC lifted its stake in Walt Disney by 4.6% in the second quarter. ADE LLC now owns 2,509 shares of the entertainment giant’s stock valued at $249,000 after buying an additional 110 shares during the period. Finally, Cozad Asset Management Inc. grew its position in shares of Walt Disney by 1.9% during the 3rd quarter. Cozad Asset Management Inc. now owns 6,017 shares of the entertainment giant’s stock worth $579,000 after buying an additional 110 shares during the period. 65.71% of the stock is currently 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.