Walt Disney (NYSE:DIS) Price Target Cut to $175.00 by Analysts at JPMorgan Chase & Co.

Walt Disney (NYSE:DISGet 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.

Walt Disney (NYSE:DISGet Rating) last posted its earnings results on Wednesday, February 9th. The entertainment giant reported $1.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.49. The firm had revenue of $21.82 billion during the quarter, compared to analysts’ expectations of $21.20 billion. Walt Disney had a net margin of 4.22% and a return on equity of 6.26%. During the same period in the previous year, the company earned $0.32 earnings per share. On average, analysts predict that Walt Disney will post 4.52 EPS for the current year.

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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