Evercore ISI Raises Walt Disney (NYSE:DIS) Price Target to $140.00

Walt Disney (NYSE:DIS) had its price target upped by equities research analysts at Evercore ISI from $134.00 to $140.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has an “outperform” rating on the entertainment giant’s stock. Evercore ISI’s price objective would suggest a potential upside of 17.97% from the company’s current price.

A number of other research firms also recently weighed in on DIS. Needham & Company LLC reaffirmed a “buy” rating and set a $125.00 price target on shares of Walt Disney in a research note on Thursday, May 8th. Rosenblatt Securities increased their price target on shares of Walt Disney from $135.00 to $140.00 and gave the stock a “buy” rating in a research note on Tuesday, June 3rd. Barclays increased their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 9th. UBS Group increased their price objective on shares of Walt Disney from $120.00 to $138.00 and gave the stock a “buy” rating in a research report on Wednesday, July 16th. Finally, Wolfe Research raised shares of Walt Disney from a “peer perform” rating to an “outperform” rating and set a $112.00 price objective for the company in a research report on Monday, April 21st. Five research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Walt Disney has an average rating of “Moderate Buy” and a consensus target price of $129.83.

Walt Disney Stock Performance

NYSE:DIS opened at $118.67 on Monday. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 0.34. The company has a market cap of $213.34 billion, a P/E ratio of 24.27, a P/E/G ratio of 1.75 and a beta of 1.56. Walt Disney has a fifty-two week low of $80.10 and a fifty-two week high of $124.69. The firm’s 50 day moving average is $119.08 and its two-hundred day moving average is $107.89.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.21 by $0.24. The company had revenue of $23.62 billion for the quarter, compared to the consensus estimate of $23.15 billion. Walt Disney had a net margin of 9.47% and a return on equity of 9.99%. Walt Disney’s revenue was up 7.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.21 earnings per share. Analysts expect that Walt Disney will post 5.47 EPS for the current year.

Insiders Place Their Bets

In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of the firm’s stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total transaction of $110,840.00. Following the completion of the transaction, the executive vice president directly owned 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.16% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. DiNuzzo Private Wealth Inc. grew its holdings in Walt Disney by 82.5% during the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock worth $26,000 after acquiring an additional 94 shares in the last quarter. Mpwm Advisory Solutions LLC acquired a new position in shares of Walt Disney in the 4th quarter valued at about $27,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Walt Disney in the 1st quarter valued at about $26,000. Kessler Investment Group LLC boosted its holdings in shares of Walt Disney by 274.0% in the 1st quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant’s stock valued at $27,000 after buying an additional 200 shares during the period. Finally, Harbor Asset Planning Inc. acquired a new position in shares of Walt Disney in the 2nd quarter valued at about $37,000. 65.71% of the stock is owned by institutional investors and hedge funds.

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.