TD Cowen Increases Walt Disney (NYSE:DIS) Price Target to $123.00

Walt Disney (NYSE:DIS) had its price target raised by research analysts at TD Cowen from $108.00 to $123.00 in a report issued on Friday,Benzinga reports. The firm presently has a “hold” rating on the entertainment giant’s stock. TD Cowen’s price target indicates a potential upside of 6.88% from the stock’s current price.

A number of other equities research analysts also recently commented on the stock. Macquarie raised their price objective on shares of Walt Disney from $91.00 to $110.00 and gave the company a “neutral” rating in a research report on Friday. Seaport Res Ptn upgraded Walt Disney from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 30th. Raymond James reiterated a “market perform” rating on shares of Walt Disney in a research report on Tuesday, October 1st. Piper Sandler assumed coverage on shares of Walt Disney in a research note on Wednesday, October 16th. They set a “neutral” rating and a $95.00 price target on the stock. Finally, Bank of America raised their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a research note on Friday. Five equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Walt Disney has a consensus rating of “Moderate Buy” and an average price target of $123.57.

Walt Disney Stock Up 5.5 %

Shares of Walt Disney stock opened at $115.08 on Friday. Walt Disney has a one year low of $83.91 and a one year high of $123.74. The company has a market cap of $208.71 billion, a P/E ratio of 44.26, a PEG ratio of 1.67 and a beta of 1.40. 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 fifty day moving average of $95.57 and a two-hundred day moving average of $96.69.

Institutional Trading of Walt Disney

A number of hedge funds have recently bought and sold shares of the company. Capital World Investors boosted its holdings in shares of Walt Disney by 3,332.4% during the first quarter. Capital World Investors now owns 6,267,593 shares of the entertainment giant’s stock worth $766,903,000 after purchasing an additional 6,084,993 shares during the last quarter. Swedbank AB acquired a new stake in Walt Disney in the 1st quarter worth about $493,715,000. Farallon Capital Management LLC acquired a new stake in Walt Disney in the 2nd quarter worth about $355,673,000. Ontario Teachers Pension Plan Board acquired a new position in shares of Walt Disney during the 1st quarter valued at about $425,567,000. Finally, International Assets Investment Management LLC lifted its holdings in shares of Walt Disney by 12,574.4% during the 3rd quarter. International Assets Investment Management LLC now owns 3,426,393 shares of the entertainment giant’s stock worth $329,585,000 after acquiring an additional 3,399,359 shares during the period. Institutional investors and hedge funds 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.