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

Walt Disney (NYSE:DIS) had its price objective hoisted by research analysts at Bank of America from $120.00 to $140.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the entertainment giant’s stock. Bank of America‘s target price suggests a potential upside of 28.29% from the stock’s current price.

Several other equities research analysts also recently issued reports on DIS. Wells Fargo & Company lifted their price target on shares of Walt Disney from $116.00 to $138.00 and gave the stock an “overweight” rating in a research note on Friday. Piper Sandler began coverage on shares of Walt Disney in a research report on Wednesday, October 16th. They set a “neutral” rating and a $95.00 price target for the company. Barclays cut their price target on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. JPMorgan Chase & Co. decreased their price objective on shares of Walt Disney from $135.00 to $125.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. 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. Four equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $122.68.

Walt Disney Stock Up 6.2 %

Shares of NYSE DIS opened at $109.13 on Friday. The stock has a fifty day moving average price of $94.62 and a 200 day moving average price of $96.69. The company has a market cap of $197.92 billion, a P/E ratio of 41.97, a P/E/G ratio of 1.67 and a beta of 1.40. Walt Disney has a 12-month low of $83.91 and a 12-month 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.

Institutional Trading of Walt Disney

Hedge funds have recently added to or reduced their stakes in the business. ESL Trust Services LLC bought a new position in Walt Disney during the 1st quarter valued at $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 increased its holdings in Walt Disney by 38.0% in the second quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock worth $44,000 after buying an additional 122 shares during the last quarter. First PREMIER Bank lifted its holdings in Walt Disney by 98.1% in the 3rd quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock worth $50,000 after purchasing an additional 256 shares during the last quarter. Finally, FSA Wealth Management LLC acquired a new position in Walt Disney in the 3rd quarter valued at $51,000. Institutional investors own 65.71% of the company’s stock.

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.