Macquarie Raises Walt Disney (NYSE:DIS) Price Target to $110.00

Walt Disney (NYSE:DIS) had its price objective hoisted by equities researchers at Macquarie from $91.00 to $110.00 in a report issued on Friday,Benzinga reports. The firm currently has a “neutral” rating on the entertainment giant’s stock. Macquarie’s price objective suggests a potential downside of 4.41% from the company’s current price.

Several other brokerages also recently weighed in on DIS. JPMorgan Chase & Co. lowered their target price on shares of Walt Disney from $135.00 to $125.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Loop Capital lowered their price objective on Walt Disney from $139.00 to $130.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. Piper Sandler began coverage on Walt Disney in a research report on Wednesday, October 16th. They set a “neutral” rating and a $95.00 target price on the stock. Deutsche Bank Aktiengesellschaft increased their price target on Walt Disney from $115.00 to $131.00 and gave the company a “buy” rating in a research note on Friday. Finally, Evercore ISI boosted their price target on Walt Disney from $105.00 to $128.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Five analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $123.57.

Walt Disney Stock Performance

DIS stock opened at $115.08 on Friday. The firm has a 50-day simple moving average of $95.57 and a two-hundred day simple moving average of $96.69. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.66 and a current ratio of 0.72. Walt Disney has a one year low of $83.91 and a one year high of $123.74. The firm has a market cap of $208.71 billion, a price-to-earnings ratio of 44.26, a PEG ratio of 1.67 and a beta of 1.40.

Hedge Funds Weigh In On Walt Disney

Several institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC boosted its holdings in Walt Disney by 3.8% during the third quarter. Geode Capital Management LLC now owns 37,672,320 shares of the entertainment giant’s stock worth $3,609,833,000 after buying an additional 1,393,082 shares in the last quarter. Brophy Wealth Management LLC acquired a new position in shares of Walt Disney in the third quarter worth about $729,000. Conway Capital Management Inc. purchased a new stake in shares of Walt Disney during the 3rd quarter worth about $223,000. Executive Wealth Management LLC acquired a new stake in shares of Walt Disney during the 3rd quarter valued at about $227,000. Finally, Nabity Jensen Investment Management Inc purchased a new position in shares of Walt Disney in the 3rd quarter valued at about $550,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

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.