JPMorgan Chase & Co. set a $150.00 target price on Walt Disney (NYSE:DIS) in a research note released on Wednesday morning, TipRanks reports. The brokerage currently has a buy rating on the entertainment giant’s stock.
Several other research analysts have also recently weighed in on DIS. Loop Capital boosted their price target on shares of Walt Disney to $165.00 and gave the company a buy rating in a research report on Friday, June 14th. Zacks Investment Research raised shares of Walt Disney from a strong sell rating to a hold rating and set a $120.00 price target on the stock in a research report on Tuesday, July 9th. Moffett Nathanson set a $150.00 price target on shares of Walt Disney and gave the company a buy rating in a research report on Wednesday, August 7th. Wells Fargo & Co initiated coverage on shares of Walt Disney in a research report on Monday, September 23rd. They set an outperform rating and a $173.00 price target on the stock. Finally, Needham & Company LLC reissued a hold rating on shares of Walt Disney in a research report on Friday, September 27th. Seven analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. The stock currently has an average rating of Buy and a consensus target price of $151.31.
Shares of DIS stock opened at $130.02 on Wednesday. The company’s 50-day moving average price is $133.88 and its 200-day moving average price is $134.35. The company has a current ratio of 0.70, a quick ratio of 0.67 and a debt-to-equity ratio of 0.38. The stock has a market cap of $232.97 billion, a price-to-earnings ratio of 18.36, a PEG ratio of 4.26 and a beta of 0.96. Walt Disney has a twelve month low of $100.35 and a twelve month high of $147.15.
Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Tuesday, August 6th. The entertainment giant reported $1.35 earnings per share for the quarter, missing the consensus estimate of $1.76 by ($0.41). The firm had revenue of $20.25 billion for the quarter, compared to analyst estimates of $21.40 billion. Walt Disney had a net margin of 19.02% and a return on equity of 13.08%. The company’s revenue was up 32.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.87 EPS. As a group, equities research analysts predict that Walt Disney will post 5.74 EPS for the current year.
In related news, EVP Brent Woodford sold 2,200 shares of the business’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $146.68, for a total value of $322,696.00. Following the sale, the executive vice president now directly owns 34,679 shares in the company, valued at approximately $5,086,715.72. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.36% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently modified their holdings of the stock. Marshall Wace LLP increased its stake in Walt Disney by 571.8% during the second quarter. Marshall Wace LLP now owns 1,168,468 shares of the entertainment giant’s stock worth $163,166,000 after purchasing an additional 994,529 shares during the period. Koshinski Asset Management Inc. increased its stake in Walt Disney by 6.4% during the second quarter. Koshinski Asset Management Inc. now owns 11,115 shares of the entertainment giant’s stock worth $1,552,000 after purchasing an additional 667 shares during the period. Halbert Hargrove Russell LLC purchased a new stake in Walt Disney during the second quarter worth about $599,000. Markel Corp increased its stake in Walt Disney by 0.9% during the second quarter. Markel Corp now owns 1,823,000 shares of the entertainment giant’s stock worth $254,564,000 after purchasing an additional 16,500 shares during the period. Finally, WealthPLAN Partners LLC increased its stake in Walt Disney by 21.6% during the first quarter. WealthPLAN Partners LLC now owns 7,040 shares of the entertainment giant’s stock worth $948,000 after purchasing an additional 1,250 shares during the period. Hedge funds and other institutional investors own 68.40% of the company’s stock.
Walt Disney Company Profile
The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses.
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