Walt Disney (NYSE:DIS) PT Lowered to $125.00 at Wells Fargo & Company

Walt Disney (NYSE:DISGet Rating) had its price objective reduced by Wells Fargo & Company from $145.00 to $125.00 in a research report sent to investors on Wednesday, The Fly reports.

A number of other research firms have also weighed in on DIS. JPMorgan Chase & Co. decreased their target price on Walt Disney from $145.00 to $135.00 and set an overweight rating on the stock in a report on Wednesday. Royal Bank of Canada set a $150.00 target price on Walt Disney in a report on Wednesday, August 10th. Rosenblatt Securities decreased their target price on Walt Disney from $140.00 to $134.00 and set a buy rating on the stock in a report on Tuesday, October 18th. Moffett Nathanson decreased their target price on Walt Disney to $120.00 in a report on Friday, July 22nd. Finally, StockNews.com began coverage on Walt Disney in a report on Wednesday, October 12th. They set a hold rating on the stock. One investment analyst has rated the stock with a sell rating, four have given a hold rating and twenty have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average price target of $134.74.

Walt Disney Stock Up 5.0 %

NYSE:DIS opened at $95.01 on Wednesday. The firm has a market capitalization of $173.21 billion, a price-to-earnings ratio of 55.24, a price-to-earnings-growth ratio of 0.89 and a beta of 1.25. Walt Disney has a twelve month low of $86.28 and a twelve month high of $163.61. The stock’s 50 day moving average price is $102.02 and its two-hundred day moving average price is $104.35. The company has a quick ratio of 0.97, a current ratio of 1.02 and a debt-to-equity ratio of 0.48.

Walt Disney (NYSE:DISGet Rating) last posted its quarterly earnings results on Wednesday, August 10th. The entertainment giant reported $1.09 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.15. The firm had revenue of $21.50 billion for the quarter, compared to analyst estimates of $21.01 billion. Walt Disney had a return on equity of 7.02% and a net margin of 3.80%. The business’s quarterly revenue was up 26.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.80 EPS. Equities research analysts expect that Walt Disney will post 4.62 earnings per share for the current fiscal year.

Institutional Trading of Walt Disney

Several institutional investors and hedge funds have recently modified their holdings of the business. Envestnet Asset Management Inc. lifted its position in shares of Walt Disney by 6.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,705,687 shares of the entertainment giant’s stock worth $160,897,000 after buying an additional 97,930 shares during the last quarter. Cadence Bank bought a new stake in shares of Walt Disney during the 3rd quarter worth $2,611,000. Citizens Financial Group Inc RI lifted its position in shares of Walt Disney by 1.9% during the 3rd quarter. Citizens Financial Group Inc RI now owns 23,734 shares of the entertainment giant’s stock worth $2,239,000 after buying an additional 448 shares during the last quarter. King Luther Capital Management Corp lifted its position in shares of Walt Disney by 1.3% during the 3rd quarter. King Luther Capital Management Corp now owns 1,190,539 shares of the entertainment giant’s stock worth $112,304,000 after buying an additional 15,116 shares during the last quarter. Finally, Bigelow Investment Advisors LLC increased its holdings in Walt Disney by 3.5% in the 3rd quarter. Bigelow Investment Advisors LLC now owns 15,045 shares of the entertainment giant’s stock worth $1,419,000 after purchasing an additional 502 shares in the last quarter. 61.37% of the stock is currently owned by institutional investors.

Walt Disney Company Profile

(Get Rating)

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 broadcast networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic, and Star brands; and studios that produces motion pictures under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar, and Searchlight Pictures banners.

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