Walt Disney (NYSE:DIS) Rating Increased to Outperform at Wolfe Research

Wolfe Research upgraded shares of Walt Disney (NYSE:DIS) from a peer perform rating to an outperform rating in a research note published on Monday morning, Marketbeat reports. Wolfe Research currently has $112.00 target price on the entertainment giant’s stock.

DIS has been the topic of several other research reports. Loop Capital increased their price target on Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday, March 4th. Barclays reduced their target price on shares of Walt Disney from $125.00 to $115.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. Needham & Company LLC reaffirmed a “buy” rating and set a $130.00 price target on shares of Walt Disney in a research note on Wednesday, February 5th. UBS Group cut their price target on shares of Walt Disney from $130.00 to $105.00 and set a “buy” rating on the stock in a report on Tuesday, April 15th. Finally, Morgan Stanley raised their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Six equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $123.96.

Walt Disney Stock Performance

NYSE:DIS opened at $83.93 on Monday. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62. The company has a market cap of $151.73 billion, a price-to-earnings ratio of 27.34, a PEG ratio of 1.80 and a beta of 1.44. Walt Disney has a 1 year low of $80.10 and a 1 year high of $118.63. The stock’s 50 day simple moving average is $98.73 and its two-hundred day simple moving average is $104.38.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 EPS for the quarter, beating the consensus estimate of $1.44 by $0.32. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. As a group, equities analysts anticipate that Walt Disney will post 5.47 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Walt Disney

A number of large investors have recently modified their holdings of DIS. Citizens & Northern Corp grew its position in Walt Disney by 9.7% during the 1st quarter. Citizens & Northern Corp now owns 12,876 shares of the entertainment giant’s stock worth $1,271,000 after purchasing an additional 1,134 shares during the last quarter. Abundance Wealth Counselors grew its holdings in shares of Walt Disney by 2.7% during the first quarter. Abundance Wealth Counselors now owns 9,925 shares of the entertainment giant’s stock valued at $1,004,000 after buying an additional 263 shares during the last quarter. Walter & Keenan Wealth Management LLC IN ADV increased its position in shares of Walt Disney by 3.3% in the 1st quarter. Walter & Keenan Wealth Management LLC IN ADV now owns 9,671 shares of the entertainment giant’s stock valued at $954,000 after acquiring an additional 309 shares during the period. CLG LLC raised its stake in Walt Disney by 8.3% in the 1st quarter. CLG LLC now owns 3,283 shares of the entertainment giant’s stock worth $324,000 after acquiring an additional 251 shares during the last quarter. Finally, Autumn Glory Partners LLC lifted its position in Walt Disney by 1.9% during the 1st quarter. Autumn Glory Partners LLC now owns 34,209 shares of the entertainment giant’s stock worth $3,173,000 after acquiring an additional 642 shares during the period. Hedge funds and other 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.