Walt Disney (NYSE:DIS) Price Target Lowered to $130.00 at Barclays

Walt Disney (NYSE:DIS) had its price objective reduced by research analysts at Barclays from $135.00 to $130.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage currently has an “overweight” rating on the entertainment giant’s stock. Barclays‘s target price would suggest a potential upside of 22.87% from the stock’s current price.

Several other equities analysts have also issued reports on the stock. Macquarie boosted their target price on shares of Walt Disney from $94.00 to $104.00 and gave the company a “neutral” rating in a report on Thursday, February 8th. JPMorgan Chase & Co. started coverage on Walt Disney in a research note on Thursday, April 11th. They issued an “overweight” rating and a $140.00 price objective on the stock. Morgan Stanley raised their target price on Walt Disney from $110.00 to $135.00 and gave the stock an “overweight” rating in a research note on Monday, March 4th. Tigress Financial reiterated a “buy” rating and issued a $136.00 target price on shares of Walt Disney in a report on Wednesday, February 21st. Finally, Raymond James increased their price target on Walt Disney from $112.00 to $128.00 and gave the stock an “outperform” rating in a report on Tuesday, March 26th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-three have assigned a buy rating to the company. According to MarketBeat, Walt Disney presently has an average rating of “Moderate Buy” and an average price target of $126.46.

Walt Disney Trading Up 0.3 %

NYSE DIS opened at $105.80 on Wednesday. Walt Disney has a 12 month low of $78.73 and a 12 month high of $123.74. The company has a current ratio of 0.84, a quick ratio of 0.77 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $194.07 billion, a PE ratio of 115.00, a price-to-earnings-growth ratio of 1.39 and a beta of 1.40. The business’s 50-day moving average price is $114.48 and its two-hundred day moving average price is $101.24.

Walt Disney (NYSE:DIS) last released its earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates 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 posted $0.93 EPS. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. On average, analysts expect that Walt Disney will post 4.7 EPS for the current year.

Insider Activity at Walt Disney

In related news, EVP Sonia L. Coleman sold 4,400 shares of the firm’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $106.00, for a total transaction of $466,400.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, Director James P. Gorman acquired 20,000 shares of the stock in a transaction on Wednesday, May 8th. The shares were acquired at an average price of $106.03 per share, with a total value of $2,120,600.00. Following the completion of the transaction, the director now owns 20,467 shares in the company, valued at approximately $2,170,116.01. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Sonia L. Coleman sold 4,400 shares of Walt Disney stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $106.00, for a total transaction of $466,400.00. The disclosure for this sale can be found here. 0.10% of the stock is owned by insiders.

Institutional Trading of Walt Disney

Several hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in Walt Disney by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 151,443,502 shares of the entertainment giant’s stock worth $13,673,834,000 after acquiring an additional 1,555,748 shares during the period. Morgan Stanley raised its position in Walt Disney by 0.4% in the third quarter. Morgan Stanley now owns 44,318,444 shares of the entertainment giant’s stock worth $3,592,010,000 after acquiring an additional 195,512 shares during the period. Trian Fund Management L.P. raised its position in shares of Walt Disney by 411.6% in the third quarter. Trian Fund Management L.P. now owns 32,868,307 shares of the entertainment giant’s stock valued at $2,663,976,000 after purchasing an additional 26,443,257 shares during the period. Northern Trust Corp raised its position in shares of Walt Disney by 10.6% in the third quarter. Northern Trust Corp now owns 24,859,476 shares of the entertainment giant’s stock valued at $2,014,861,000 after purchasing an additional 2,384,407 shares during the period. Finally, Norges Bank bought a new stake in shares of Walt Disney in the fourth quarter valued at approximately $1,938,647,000. Institutional investors own 65.71% of the company’s stock.

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.