Walt Disney (NYSE:DIS) Price Target Raised to $138.00 at Wells Fargo & Company

Walt Disney (NYSE:DIS) had its price target upped by Wells Fargo & Company from $116.00 to $138.00 in a research report report published on Friday,Benzinga reports. They currently have an overweight rating on the entertainment giant’s stock.

Several other equities research analysts also recently weighed in on DIS. UBS Group reduced their target price on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Needham & Company LLC reissued a “buy” rating and issued a $110.00 price target on shares of Walt Disney in a report on Wednesday, October 23rd. Piper Sandler initiated coverage on Walt Disney in a research report on Wednesday, October 16th. They issued a “neutral” rating and a $95.00 target price on the stock. Deutsche Bank Aktiengesellschaft raised their price target on shares of Walt Disney from $115.00 to $131.00 and gave the stock a “buy” rating in a research report on Friday. Finally, JPMorgan Chase & Co. dropped their target price on Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Five research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Walt Disney currently has an average rating of “Moderate Buy” and a consensus price target of $123.57.

Walt Disney Price Performance

Shares of Walt Disney stock traded up $5.96 on Friday, hitting $115.08. 32,048,032 shares of the company traded hands, compared to its average volume of 11,005,124. 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 stock has a market capitalization of $208.71 billion, a P/E ratio of 44.25, a price-to-earnings-growth ratio of 1.67 and a beta of 1.40. The business has a 50-day simple moving average of $95.57 and a 200 day simple moving average of $96.79. Walt Disney has a 52 week low of $83.91 and a 52 week high of $123.74.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in DIS. Capital World Investors raised its stake in shares of Walt Disney by 3,332.4% in the 1st quarter. Capital World Investors now owns 6,267,593 shares of the entertainment giant’s stock valued at $766,903,000 after acquiring an additional 6,084,993 shares during the period. Swedbank AB acquired a new position in Walt Disney in the 1st quarter valued at about $493,715,000. Farallon Capital Management LLC acquired a new position in Walt Disney during the second quarter worth $355,673,000. Ontario Teachers Pension Plan Board acquired a new stake in Walt Disney in the first quarter valued at $425,567,000. Finally, International Assets Investment Management LLC increased its position in shares of Walt Disney by 12,574.4% in the third quarter. International Assets Investment Management LLC now owns 3,426,393 shares of the entertainment giant’s stock valued at $329,585,000 after buying an additional 3,399,359 shares in the last quarter. 65.71% of the stock is currently 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.