Rosenblatt Securities Issues Positive Forecast for Walt Disney (NYSE:DIS) Stock Price

Walt Disney (NYSE:DIS) had its price objective increased by Rosenblatt Securities from $135.00 to $140.00 in a research note released on Tuesday morning, MarketBeat.com reports. They currently have a buy rating on the entertainment giant’s stock.

DIS has been the subject of a number of other reports. Morgan Stanley boosted their price target on Walt Disney from $110.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday, May 8th. Loop Capital boosted their target price on shares of Walt Disney from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, May 8th. Wolfe Research upgraded shares of Walt Disney from a “peer perform” rating to an “outperform” rating and set a $112.00 target price for the company in a research note on Monday, April 21st. UBS Group boosted their target price on shares of Walt Disney from $105.00 to $120.00 and gave the company a “buy” rating in a research note on Thursday, May 8th. Finally, Barclays boosted their price objective on shares of Walt Disney from $115.00 to $120.00 and gave the company an “overweight” rating in a research report on Thursday, May 8th. Six investment 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. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $123.75.

Walt Disney Price Performance

DIS opened at $113.68 on Tuesday. The company has a 50-day moving average of $97.56 and a 200-day moving average of $105.70. The company has a market capitalization of $204.37 billion, a P/E ratio of 37.03, a PEG ratio of 1.80 and a beta of 1.49. Walt Disney has a 1-year low of $80.10 and a 1-year 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.

Walt Disney (NYSE:DIS) last released its earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.24. The company had revenue of $23.62 billion during the quarter, compared to the consensus estimate of $23.15 billion. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. The company’s revenue was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.21 EPS. Equities analysts expect that Walt Disney will post 5.47 EPS for the current fiscal year.

Insider Buying and Selling

In other news, EVP Brent Woodford sold 1,000 shares of the stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $110.84, for a total value of $110,840.00. Following the completion of the transaction, the executive vice president now owns 46,831 shares of the company’s stock, valued at approximately $5,190,748.04. This represents a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.16% of the company’s stock.

Hedge Funds Weigh In On Walt Disney

A number of institutional investors and hedge funds have recently bought and sold shares of DIS. Mpwm Advisory Solutions LLC acquired a new position in shares of Walt Disney during the fourth quarter valued at approximately $27,000. FPC Investment Advisory Inc. acquired a new position in shares of Walt Disney during the fourth quarter valued at approximately $28,000. Tacita Capital Inc increased its stake in shares of Walt Disney by 93.2% during the fourth quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant’s stock valued at $29,000 after acquiring an additional 124 shares during the period. MJT & Associates Financial Advisory Group Inc. bought a new position in Walt Disney during the 1st quarter valued at $26,000. Finally, Kessler Investment Group LLC boosted its stake in Walt Disney by 274.0% during the 1st quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant’s stock valued at $27,000 after purchasing an additional 200 shares in the last quarter. Institutional investors own 65.71% of the company’s stock.

About Walt Disney

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.