Walt Disney (NYSE:DIS) Price Target Cut to $130.00

Walt Disney (NYSE:DISGet Free Report) had its target price lowered by equities researchers at UBS Group from $140.00 to $130.00 in a research note issued on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the entertainment giant’s stock. UBS Group’s target price would indicate a potential upside of 22.87% from the company’s current price.

Other analysts have also issued research reports about the company. Tigress Financial reaffirmed a “buy” rating and set a $136.00 price objective on shares of Walt Disney in a research report on Wednesday, February 21st. Macquarie increased their price target on Walt Disney from $94.00 to $104.00 and gave the company a “neutral” rating in a research report on Thursday, February 8th. JPMorgan Chase & Co. assumed coverage on Walt Disney in a research report on Thursday, April 11th. They set an “overweight” rating and a $140.00 price objective for the company. Daiwa Capital Markets reaffirmed a “buy” rating and issued a $133.00 target price on shares of Walt Disney in a report on Monday, April 1st. Finally, Rosenblatt Securities increased their price objective on shares of Walt Disney from $129.00 to $137.00 and gave the company a “buy” rating in a research report on Tuesday, April 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $126.46.

Read Our Latest Stock Analysis on DIS

Walt Disney Price Performance

Shares of DIS remained flat at $105.80 during trading on Wednesday. 15,861,981 shares of the company’s stock were exchanged, compared to its average volume of 12,176,155. The business’s fifty day moving average is $114.37 and its 200-day moving average is $101.27. The firm has a market cap of $194.07 billion, a PE ratio of 115.00, a PEG ratio of 1.39 and a beta of 1.40. Walt Disney has a 1-year low of $78.73 and a 1-year high of $123.74. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.77 and a current ratio of 0.84.

Walt Disney (NYSE:DISGet Free Report) last announced its earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. The company had revenue of $22.08 billion during the quarter, compared to analysts’ expectations of $22.12 billion. Walt Disney had a return on equity of 7.88% and a net margin of 3.36%. Walt Disney’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period last year, the business posted $0.93 EPS. On average, equities research analysts predict that Walt Disney will post 4.7 EPS for the current year.

Insider Activity

In other Walt Disney news, EVP Sonia L. Coleman sold 1,857 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $121.92, for a total value of $226,405.44. Following the completion of the transaction, the executive vice president now owns 4,400 shares in the company, valued at $536,448. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP Sonia L. Coleman sold 1,857 shares of Walt Disney stock in a transaction on Monday, April 1st. The stock was sold at an average price of $121.92, for a total transaction of $226,405.44. Following the completion of the transaction, the executive vice president now owns 4,400 shares of the company’s stock, valued at approximately $536,448. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director James P. Gorman acquired 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The stock was acquired at an average price of $106.03 per share, for a total transaction of $2,120,600.00. Following the completion of the transaction, the director now directly owns 20,467 shares in the company, valued at $2,170,116.01. The disclosure for this purchase can be found here. Insiders own 0.10% of the company’s stock.

Institutional Investors Weigh In On Walt Disney

Institutional investors and hedge funds have recently bought and sold shares of the stock. Mcdonald Partners LLC lifted its position in shares of Walt Disney by 0.5% in the first quarter. Mcdonald Partners LLC now owns 17,975 shares of the entertainment giant’s stock valued at $2,199,000 after acquiring an additional 88 shares in the last quarter. McKinley Carter Wealth Services Inc. boosted its stake in shares of Walt Disney by 1.5% during the 1st quarter. McKinley Carter Wealth Services Inc. now owns 5,894 shares of the entertainment giant’s stock worth $721,000 after purchasing an additional 89 shares during the last quarter. Sendero Wealth Management LLC grew its holdings in shares of Walt Disney by 2.0% during the first quarter. Sendero Wealth Management LLC now owns 4,649 shares of the entertainment giant’s stock worth $569,000 after buying an additional 89 shares in the last quarter. Pflug Koory LLC raised its position in shares of Walt Disney by 1.0% in the first quarter. Pflug Koory LLC now owns 8,993 shares of the entertainment giant’s stock valued at $1,100,000 after buying an additional 91 shares during the last quarter. Finally, Regent Peak Wealth Advisors LLC lifted its stake in shares of Walt Disney by 3.5% during the first quarter. Regent Peak Wealth Advisors LLC now owns 2,801 shares of the entertainment giant’s stock valued at $343,000 after buying an additional 94 shares during the period. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Company Profile

(Get Free Report)

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.

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