Walt Disney (NYSE:DIS) Stock Rating Reaffirmed by Truist Financial

Walt Disney (NYSE:DIS)‘s stock had its “buy” rating restated by Truist Financial in a research report issued to clients and investors on Tuesday, Benzinga reports. They presently have a $105.00 price target on the entertainment giant’s stock. Truist Financial’s target price would indicate a potential upside of 27.68% from the company’s previous close.

Several other analysts have also commented on the stock. Morgan Stanley lowered their price objective on Walt Disney from $110.00 to $105.00 and set an “overweight” rating for the company in a research report on Wednesday, July 26th. KeyCorp lowered their price target on Walt Disney from $120.00 to $107.00 and set an “overweight” rating for the company in a report on Thursday, May 25th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Walt Disney from $131.00 to $120.00 in a report on Tuesday, August 8th. Barclays lowered their target price on shares of Walt Disney from $107.00 to $88.00 in a research note on Wednesday, June 21st. Finally, Evercore ISI decreased their price target on shares of Walt Disney from $130.00 to $110.00 and set an “outperform” rating for the company in a report on Monday, July 24th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Walt Disney presently has an average rating of “Moderate Buy” and an average target price of $114.58.

Walt Disney Trading Down 3.3 %

DIS stock traded down $2.78 during mid-day trading on Tuesday, reaching $82.24. The company had a trading volume of 12,848,559 shares, compared to its average volume of 13,177,376. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.07 and a quick ratio of 1.00. The company has a market capitalization of $150.48 billion, a PE ratio of 66.89, a price-to-earnings-growth ratio of 1.72 and a beta of 1.28. The firm has a 50 day moving average of $85.78 and a 200 day moving average of $91.59. Walt Disney has a 12 month low of $79.75 and a 12 month high of $118.18.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Wednesday, August 9th. The entertainment giant reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.04. The firm had revenue of $22.33 billion during the quarter, compared to analysts’ expectations of $22.50 billion. Walt Disney had a net margin of 2.56% and a return on equity of 6.45%. The company’s revenue was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.09 EPS. On average, equities analysts predict that Walt Disney will post 3.68 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Sonia L. Coleman sold 959 shares of the stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $89.05, for a total transaction of $85,398.95. Following the transaction, the executive vice president now owns 961 shares in the company, valued at approximately $85,577.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.10% of the company’s stock.

Institutional Trading of Walt Disney

Several large investors have recently made changes to their positions in the company. Bank Julius Baer & Co. Ltd Zurich grew its stake in Walt Disney by 102,919.5% during the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 458,556,073 shares of the entertainment giant’s stock valued at $40,939,886,000 after acquiring an additional 458,110,957 shares in the last quarter. State Street Corp boosted its holdings in shares of Walt Disney by 3.5% during the 2nd quarter. State Street Corp now owns 73,142,473 shares of the entertainment giant’s stock worth $6,530,160,000 after purchasing an additional 2,482,492 shares during the last quarter. Morgan Stanley grew its position in shares of Walt Disney by 13.5% in the fourth quarter. Morgan Stanley now owns 46,172,567 shares of the entertainment giant’s stock valued at $4,011,473,000 after purchasing an additional 5,499,014 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Walt Disney by 2.3% in the second quarter. Geode Capital Management LLC now owns 33,246,496 shares of the entertainment giant’s stock valued at $2,959,170,000 after purchasing an additional 751,034 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in Walt Disney by 12.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 27,147,543 shares of the entertainment giant’s stock worth $2,358,578,000 after buying an additional 3,023,997 shares in the last quarter. 61.17% of the stock is currently owned by hedge funds and other institutional investors.

About Walt Disney

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. It operates through two segments, Disney Media and Entertainment Distribution; and Disney Parks, Experiences and Products. The company engages in the film and episodic television content production and distribution activities, as well as operates television networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic, and Star brands; and studios that produces films under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar, and Searchlight Pictures banners.