Walt Disney (NYSE:DIS) Sets New 52-Week High After Analyst Upgrade

The Walt Disney Company (NYSE:DIS)’s share price reached a new 52-week high during trading on Tuesday after Loop Capital raised their price target on the stock from $125.00 to $130.00. Loop Capital currently has a buy rating on the stock. Walt Disney traded as high as $120.50 and last traded at $119.18, with a volume of 10783957 shares. The stock had previously closed at $115.66.

DIS has been the topic of several other research reports. Morgan Stanley boosted their price target on shares of Walt Disney from $110.00 to $120.00 and gave the company an “overweight” rating in a research report on Thursday, May 8th. Rosenblatt Securities lifted their target price on Walt Disney from $135.00 to $140.00 and gave the company a “buy” rating in a research report on Tuesday, June 3rd. Guggenheim reduced their price objective on Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, May 8th. UBS Group raised their target price on shares of Walt Disney from $105.00 to $120.00 and gave the company a “buy” rating in a report on Thursday, May 8th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $125.00 price objective on shares of Walt Disney in a research report on Thursday, May 8th. Six investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $123.96.

Insider Transactions at Walt Disney

In other news, EVP Brent Woodford sold 1,000 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president now directly owns 46,831 shares of the company’s stock, valued at $5,190,748.04. This trade represents a 2.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.16% of the company’s stock.

Institutional Investors Weigh In On Walt Disney

Institutional investors and hedge funds have recently bought and sold shares of the stock. Trek Financial LLC increased its stake in Walt Disney by 479.9% in the fourth quarter. Trek Financial LLC now owns 36,320 shares of the entertainment giant’s stock valued at $4,044,000 after purchasing an additional 30,057 shares during the last quarter. Greystone Financial Group LLC raised its holdings in shares of Walt Disney by 13.3% during the 4th quarter. Greystone Financial Group LLC now owns 85,187 shares of the entertainment giant’s stock valued at $9,486,000 after buying an additional 9,967 shares during the period. FourThought Financial Partners LLC acquired a new position in shares of Walt Disney during the fourth quarter worth $446,000. Merit Financial Group LLC boosted its position in Walt Disney by 47.0% in the 1st quarter. Merit Financial Group LLC now owns 57,172 shares of the entertainment giant’s stock valued at $5,643,000 after buying an additional 18,272 shares during the last quarter. Finally, Alecta Tjanstepension Omsesidigt grew its stake in Walt Disney by 2.9% during the 4th quarter. Alecta Tjanstepension Omsesidigt now owns 3,569,400 shares of the entertainment giant’s stock valued at $397,667,000 after purchasing an additional 100,000 shares in the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Trading Up 2.7%

The firm has a market cap of $213.49 billion, a P/E ratio of 38.68, a price-to-earnings-growth ratio of 1.80 and a beta of 1.54. The business’s 50 day moving average is $99.43 and its 200-day moving average is $105.72. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.24. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. The firm had revenue of $23.62 billion for the quarter, compared to analysts’ expectations of $23.15 billion. During the same period last year, the business posted $1.21 earnings per share. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. As a group, analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

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.