Research Analysts’ Weekly Ratings Changes for Walt Disney (DIS)

Walt Disney (NYSE: DIS) recently received a number of ratings updates from brokerages and research firms:

• 4/11/2024 – Walt Disney is now covered by analysts at JPMorgan Chase & Co.. They set an “overweight” rating and a $140.00 price target on the stock.
• 4/10/2024 – Walt Disney had its price target raised by analysts at Argus from $125.00 to $140.00. They now have a “buy” rating on the stock.
• 4/8/2024 – Walt Disney had its price target raised by analysts at Evercore ISI from $115.00 to $130.00. They now have an “outperform” rating on the stock.
• 4/3/2024 – Walt Disney had its price target raised by analysts at Guggenheim from $125.00 to $140.00. They now have a “buy” rating on the stock.
• 4/2/2024 – Walt Disney had its price target raised by analysts at Rosenblatt Securities from $129.00 to $137.00. They now have a “buy” rating on the stock.
• 4/1/2024 – Walt Disney had its price target raised by analysts at Bank of America Co. from $130.00 to $145.00. They now have a “buy” rating on the stock.
• 4/1/2024 – Walt Disney had its “buy” rating reaffirmed by analysts at Daiwa Capital Markets. They now have a $133.00 price target on the stock.
• 3/28/2024 – Walt Disney had its price target raised by analysts at Needham & Company LLC from $120.00 to $145.00. They now have a “buy” rating on the stock.
• 3/27/2024 – Walt Disney had its price target raised by analysts at UBS Group AG from $120.00 to $140.00. They now have a “buy” rating on the stock.
• 3/26/2024 – Walt Disney had its price target raised by analysts at Raymond James from $112.00 to $128.00. They now have an “outperform” rating on the stock.
• 3/25/2024 – Walt Disney was upgraded by analysts at Barclays PLC from an “equal weight” rating to an “overweight” rating. They now have a $135.00 price target on the stock, up previously from $95.00.
• 3/4/2024 – Walt Disney had its price target raised by analysts at Morgan Stanley from $110.00 to $135.00. They now have an “overweight” rating on the stock.
• 2/21/2024 – Walt Disney had its “buy” rating reaffirmed by analysts at Tigress Financial. They now have a $136.00 price target on the stock.

Walt Disney Trading Up 0.8 %

Shares of Walt Disney stock opened at $113.89 on Wednesday. The firm has a market capitalization of $208.91 billion, a PE ratio of 70.30, a price-to-earnings-growth ratio of 1.65 and a beta of 1.42. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.84 and a quick ratio of 0.77. The company’s fifty day moving average price is $113.59 and its two-hundred day moving average price is $98.14. The Walt Disney Company has a 52-week low of $78.73 and a 52-week high of $123.74.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.25. The firm had revenue of $23.50 billion for the quarter, compared to analyst estimates of $23.71 billion. Walt Disney had a net margin of 3.36% and a return on equity of 7.88%. The business’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.99 EPS. On average, analysts expect that The Walt Disney Company will post 4.66 EPS for the current year.

Walt Disney Cuts Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Thursday, July 25th. Shareholders of record on Monday, July 8th will be issued a $0.45 dividend. This represents a yield of 0.5%. The ex-dividend date of this dividend is Monday, July 8th. Walt Disney’s dividend payout ratio (DPR) is presently 18.52%.

Insider Transactions at Walt Disney

In other news, EVP Sonia L. Coleman sold 1,857 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $121.92, for a total value of $226,405.44. Following the sale, 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 legal filing with the SEC, which can be accessed through the SEC website. 0.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Walt Disney

Large investors have recently made changes to their positions in the company. Avitas Wealth Management LLC grew its holdings in Walt Disney by 2.2% during the 4th quarter. Avitas Wealth Management LLC now owns 11,037 shares of the entertainment giant’s stock worth $997,000 after acquiring an additional 238 shares during the last quarter. WNY Asset Management LLC grew its holdings in Walt Disney by 32.8% during the 3rd quarter. WNY Asset Management LLC now owns 9,321 shares of the entertainment giant’s stock worth $756,000 after acquiring an additional 2,304 shares during the last quarter. Pathway Financial Advisors LLC grew its holdings in Walt Disney by 4.9% during the 3rd quarter. Pathway Financial Advisors LLC now owns 3,024 shares of the entertainment giant’s stock worth $245,000 after acquiring an additional 141 shares during the last quarter. Tempus Wealth Planning LLC grew its holdings in Walt Disney by 4.5% during the 3rd quarter. Tempus Wealth Planning LLC now owns 12,722 shares of the entertainment giant’s stock worth $1,031,000 after acquiring an additional 546 shares during the last quarter. Finally, Stelac Advisory Services LLC grew its holdings in Walt Disney by 7.7% during the 3rd quarter. Stelac Advisory Services LLC now owns 68,909 shares of the entertainment giant’s stock worth $5,598,000 after acquiring an additional 4,915 shares during the last quarter. Institutional investors own 65.71% of the company’s stock.

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.