Walt Disney (NYSE:DIS – Get Rating) had its price target cut by analysts at JPMorgan Chase & Co. from $200.00 to $175.00 in a research note issued on Tuesday, The Fly reports. JPMorgan Chase & Co.‘s price target indicates a potential upside of 36.96% from the stock’s current price.
Other analysts have also recently issued reports about the stock. Credit Suisse Group set a $218.00 target price on shares of Walt Disney in a research note on Thursday, February 10th. Morgan Stanley reduced their target price on shares of Walt Disney from $185.00 to $170.00 and set an “overweight” rating for the company in a research note on Monday, February 7th. Truist Financial reduced their price objective on shares of Walt Disney from $200.00 to $160.00 and set a “buy” rating for the company in a research note on Wednesday, March 16th. BMO Capital Markets boosted their price objective on shares of Walt Disney from $165.00 to $175.00 and gave the stock a “market perform” rating in a research note on Thursday, February 10th. Finally, Atlantic Securities reduced their price objective on shares of Walt Disney from $172.00 to $167.00 and set a “neutral” rating for the company in a research note on Thursday, February 10th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat, Walt Disney presently has a consensus rating of “Buy” and a consensus price target of $186.72.
NYSE DIS opened at $127.77 on Tuesday. The company has a 50 day simple moving average of $140.33 and a 200-day simple moving average of $151.44. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.10 and a quick ratio of 1.05. The firm has a market capitalization of $232.62 billion, a price-to-earnings ratio of 76.05, a price-to-earnings-growth ratio of 1.26 and a beta of 1.15. Walt Disney has a 52-week low of $126.82 and a 52-week high of $190.33.
In other news, EVP Brent Woodford sold 226 shares of the company’s stock in a transaction dated Thursday, March 10th. The shares were sold at an average price of $132.50, for a total value of $29,945.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.10% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of DIS. GeoWealth Management LLC acquired a new position in Walt Disney during the 3rd quarter valued at about $25,000. Syverson Strege & Co lifted its position in Walt Disney by 384.8% during the 4th quarter. Syverson Strege & Co now owns 160 shares of the entertainment giant’s stock valued at $25,000 after purchasing an additional 127 shares during the period. Core Alternative Capital acquired a new position in Walt Disney during the 3rd quarter valued at about $28,000. Sandy Cove Advisors LLC acquired a new position in Walt Disney during the 4th quarter valued at about $27,000. Finally, Raleigh Capital Management Inc. acquired a new position in Walt Disney during the 4th quarter valued at about $31,000. Institutional investors and hedge funds own 63.65% of the company’s stock.
About Walt Disney (Get Rating)
The Walt Disney Co is a diversified international family entertainment and media enterprise. It operates through the following segments: Disney Media and Entertainment Distribution (DMED) and Disney Parks, Experiences and Products (DPEP). The DMED segment encompasses the company’s global film and episodic television content production and distribution activities.
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