Walt Disney (NYSE:DIS) Shares Gap Up – Still a Buy?

The Walt Disney Company (NYSE:DIS) shares gapped up prior to trading on Thursday . The stock had previously closed at $102.72, but opened at $110.33. Walt Disney shares last traded at $113.39, with a volume of 15,668,582 shares trading hands.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on DIS. Guggenheim increased their target price on Walt Disney from $110.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday. Morgan Stanley increased their price objective on shares of Walt Disney from $110.00 to $125.00 and gave the stock an “overweight” rating in a research report on Friday. Bank of America boosted their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a research report on Friday. JPMorgan Chase & Co. lowered their target price on Walt Disney from $135.00 to $125.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Finally, Macquarie boosted their price target on Walt Disney from $91.00 to $110.00 and gave the company a “neutral” rating in a report on Friday. Five 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. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $123.57.

Walt Disney Price Performance

The business has a fifty day moving average of $95.03 and a 200 day moving average of $96.77. The firm has a market cap of $208.67 billion, a P/E ratio of 44.25, a PEG ratio of 1.67 and a beta of 1.40. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.38.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Concurrent Investment Advisors LLC increased its holdings in shares of Walt Disney by 8.4% in the third quarter. Concurrent Investment Advisors LLC now owns 66,744 shares of the entertainment giant’s stock valued at $6,420,000 after purchasing an additional 5,184 shares during the last quarter. Summit Global Investments grew its stake in Walt Disney by 476.0% in the 3rd quarter. Summit Global Investments now owns 12,379 shares of the entertainment giant’s stock valued at $1,191,000 after buying an additional 10,230 shares during the last quarter. Lmcg Investments LLC grew its stake in Walt Disney by 18.6% in the 3rd quarter. Lmcg Investments LLC now owns 147,353 shares of the entertainment giant’s stock valued at $14,174,000 after buying an additional 23,116 shares during the last quarter. American Assets Inc. acquired a new stake in Walt Disney during the third quarter worth approximately $962,000. Finally, ICICI Prudential Asset Management Co Ltd boosted its holdings in shares of Walt Disney by 92.0% during the third quarter. ICICI Prudential Asset Management Co Ltd now owns 92,938 shares of the entertainment giant’s stock worth $8,940,000 after acquiring an additional 44,535 shares during the period. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Company Profile

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.