Walt Disney (NYSE:DIS) Stock Price Expected to Rise, Needham & Company LLC Analyst Says

Walt Disney (NYSE:DIS) had its price target boosted by investment analysts at Needham & Company LLC from $110.00 to $130.00 in a report issued on Friday,Benzinga reports. The firm presently has a “buy” rating on the entertainment giant’s stock. Needham & Company LLC’s price objective would suggest a potential upside of 13.18% from the company’s current price.

A number of other research analysts have also recently commented on DIS. Wells Fargo & Company raised their price target on Walt Disney from $116.00 to $138.00 and gave the stock an “overweight” rating in a research report on Friday. Barclays reduced their price target on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Bank of America lifted their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a report on Friday. JPMorgan Chase & Co. reduced their target price on shares of Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Walt Disney from $115.00 to $131.00 and gave the stock a “buy” rating in a research note on Friday. Five analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $123.57.

Walt Disney Trading Up 5.3 %

Shares of Walt Disney stock traded up $5.74 on Friday, reaching $114.86. The company had a trading volume of 22,506,869 shares, compared to its average volume of 10,962,395. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.66 and a current ratio of 0.72. The firm has a market cap of $208.31 billion, a PE ratio of 44.18, a PEG ratio of 1.67 and a beta of 1.40. The firm’s 50 day moving average price is $95.03 and its two-hundred day moving average price is $96.77. Walt Disney has a 52-week low of $83.91 and a 52-week high of $123.74.

Institutional Trading of Walt Disney

Several institutional investors and hedge funds have recently made changes to their positions in the company. State Street Corp increased its stake in Walt Disney by 0.6% in the third quarter. State Street Corp now owns 77,596,191 shares of the entertainment giant’s stock valued at $7,463,978,000 after purchasing an additional 490,681 shares during the period. Swmg LLC purchased a new position in shares of Walt Disney during the third quarter worth about $209,000. Quantinno Capital Management LP increased its position in Walt Disney by 41.9% in the 3rd quarter. Quantinno Capital Management LP now owns 119,027 shares of the entertainment giant’s stock valued at $11,449,000 after acquiring an additional 35,133 shares during the period. Quarry LP lifted its position in Walt Disney by 151.8% during the 3rd quarter. Quarry LP now owns 5,326 shares of the entertainment giant’s stock worth $512,000 after acquiring an additional 3,211 shares during the period. Finally, Royal London Asset Management Ltd. grew its stake in shares of Walt Disney by 3.7% in the 3rd quarter. Royal London Asset Management Ltd. now owns 789,050 shares of the entertainment giant’s stock valued at $75,899,000 after purchasing an additional 28,430 shares during the last quarter. 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.