Walt Disney’s (DIS) “Buy” Rating Reaffirmed at Needham & Company LLC

Walt Disney (NYSE:DIS)‘s stock had its “buy” rating reiterated by equities researchers at Needham & Company LLC in a research note issued to investors on Tuesday, Benzinga reports. They presently have a $145.00 price target on the entertainment giant’s stock. Needham & Company LLC’s target price suggests a potential upside of 37.49% from the stock’s previous close.

Several other equities research analysts also recently issued reports on the company. Raymond James increased their price objective on Walt Disney from $112.00 to $128.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 26th. Daiwa Capital Markets reaffirmed a “buy” rating and set a $133.00 price objective on shares of Walt Disney in a research report on Monday, April 1st. Argus increased their target price on shares of Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, April 10th. UBS Group boosted their price target on shares of Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, March 27th. Finally, Rosenblatt Securities increased their price objective on Walt Disney from $129.00 to $137.00 and gave the stock a “buy” rating in a report on Tuesday, April 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Walt Disney currently has an average rating of “Moderate Buy” and a consensus price target of $126.46.

Walt Disney Price Performance

DIS stock opened at $105.46 on Tuesday. The firm has a 50-day moving average of $114.59 and a two-hundred day moving average of $101.21. The firm has a market capitalization of $193.45 billion, a PE ratio of 65.10, a P/E/G ratio of 1.39 and a beta of 1.40. The company has a current ratio of 0.84, a quick ratio of 0.77 and a debt-to-equity ratio of 0.39. Walt Disney has a one year low of $78.73 and a one year high of $123.74.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 EPS for the quarter, beating the consensus estimate of $1.12 by $0.09. Walt Disney had a net margin of 3.36% and a return on equity of 7.88%. The business had revenue of $22.08 billion during the quarter, compared to the consensus estimate of $22.12 billion. During the same quarter in the prior year, the firm earned $0.93 EPS. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. On average, analysts forecast that Walt Disney will post 4.7 earnings per share for the current year.

Insider Transactions at Walt Disney

In other news, EVP Sonia L. Coleman sold 1,857 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $121.92, for a total value of $226,405.44. Following the completion of the sale, the executive vice president now directly owns 4,400 shares in the company, valued at $536,448. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.10% of the stock is owned by corporate insiders.

Institutional Trading of Walt Disney

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

Walt Disney Company Profile

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.