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

Needham & Company LLC reiterated their buy rating on shares of Walt Disney (NYSE:DIS) in a research report released on Tuesday morning,Benzinga reports. They currently have a $125.00 target price on the entertainment giant’s stock.

DIS has been the topic of several other reports. Macquarie reissued a “neutral” rating and set a $110.00 target price on shares of Walt Disney in a research note on Monday, January 6th. The Goldman Sachs Group boosted their price objective on shares of Walt Disney from $137.00 to $139.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. UBS Group dropped their target price on shares of Walt Disney from $130.00 to $105.00 and set a “buy” rating for the company in a research report on Tuesday, April 15th. Barclays reduced their price target on shares of Walt Disney from $125.00 to $115.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. Finally, Citigroup restated a “buy” rating and issued a $125.00 price objective on shares of Walt Disney in a report on Wednesday, January 22nd. Six equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Walt Disney currently has a consensus rating of “Moderate Buy” and an average target price of $123.75.

Walt Disney Stock Up 3.2 %

Shares of Walt Disney stock opened at $90.04 on Tuesday. The company’s 50 day moving average price is $97.40 and its 200-day moving average price is $104.10. Walt Disney has a 52-week low of $80.10 and a 52-week high of $118.63. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68. The stock has a market capitalization of $162.77 billion, a price-to-earnings ratio of 29.33, a P/E/G ratio of 1.80 and a beta of 1.44.

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

Hedge Funds Weigh In On Walt Disney

Large investors have recently bought and sold shares of the business. Geode Capital Management LLC boosted its stake in shares of Walt Disney by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 38,482,309 shares of the entertainment giant’s stock valued at $4,272,590,000 after purchasing an additional 809,989 shares during the period. Northern Trust Corp boosted its position in Walt Disney by 10.4% in the 4th quarter. Northern Trust Corp now owns 22,242,415 shares of the entertainment giant’s stock valued at $2,476,693,000 after buying an additional 2,096,431 shares during the period. Norges Bank bought a new position in Walt Disney in the 4th quarter worth about $2,415,427,000. Jennison Associates LLC grew its stake in Walt Disney by 23.4% in the 4th quarter. Jennison Associates LLC now owns 19,197,463 shares of the entertainment giant’s stock worth $2,137,637,000 after acquiring an additional 3,636,742 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Walt Disney by 15.5% during the fourth quarter. Bank of New York Mellon Corp now owns 17,104,295 shares of the entertainment giant’s stock worth $1,904,563,000 after acquiring an additional 2,300,912 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.