The Walt Disney Company (NYSE:DIS) Receives $125.13 Consensus Target Price from Brokerages

Shares of The Walt Disney Company (NYSE:DIS) have been given an average rating of “Moderate Buy” by the twenty-five brokerages that are presently covering the firm, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation, seventeen have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $123.96.

Several equities research analysts have weighed in on DIS shares. Wolfe Research upgraded Walt Disney from a “peer perform” rating to an “outperform” rating and set a $112.00 price objective for the company in a report on Monday. Barclays decreased their price objective on shares of Walt Disney from $125.00 to $115.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. Citigroup reissued a “buy” rating and issued a $125.00 price target on shares of Walt Disney in a research note on Wednesday, January 22nd. Needham & Company LLC restated a “buy” rating and issued a $130.00 price objective on shares of Walt Disney in a report on Wednesday, February 5th. Finally, Redburn Atlantic upgraded Walt Disney from a “neutral” rating to a “buy” rating and upped their target price for the stock from $100.00 to $147.00 in a report on Tuesday, January 7th.

Walt Disney Price Performance

Shares of Walt Disney stock opened at $83.93 on Tuesday. The stock has a market capitalization of $151.73 billion, a P/E ratio of 27.34, a price-to-earnings-growth ratio of 1.80 and a beta of 1.44. Walt Disney has a one year low of $80.10 and a one year high of $118.63. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62. The business’s 50 day simple moving average is $98.73 and its two-hundred day simple moving average is $104.38.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.32. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. Analysts forecast that Walt Disney will post 5.47 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Morse Asset Management Inc lifted its stake in shares of Walt Disney by 17.5% in the 3rd quarter. Morse Asset Management Inc now owns 21,366 shares of the entertainment giant’s stock worth $2,055,000 after purchasing an additional 3,185 shares during the period. Te Ahumairangi Investment Management Ltd boosted its stake in shares of Walt Disney by 28.3% during the 3rd quarter. Te Ahumairangi Investment Management Ltd now owns 37,123 shares of the entertainment giant’s stock worth $3,551,000 after acquiring an additional 8,180 shares during the last quarter. Saratoga Research & Investment Management grew its position in shares of Walt Disney by 18.8% during the 3rd quarter. Saratoga Research & Investment Management now owns 1,536,008 shares of the entertainment giant’s stock valued at $147,749,000 after acquiring an additional 242,675 shares during the period. Eaton Financial Holdings Company LLC bought a new position in Walt Disney in the 3rd quarter worth $660,000. Finally, Boyar Asset Management Inc. grew its holdings in Walt Disney by 1.7% during the third quarter. Boyar Asset Management Inc. now owns 33,280 shares of the entertainment giant’s stock valued at $3,201,000 after purchasing an additional 551 shares during the period. 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.