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

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

A number of other research firms also recently issued reports on DIS. Loop Capital lifted their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday, June 10th. Jefferies Financial Group cut shares of Walt Disney from a “strong-buy” rating to a “hold” rating in a report on Monday, August 11th. Wall Street Zen downgraded shares of Walt Disney from a “strong-buy” rating to a “buy” rating in a research report on Sunday, July 20th. Guggenheim lifted their target price on shares of Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, June 27th. Finally, UBS Group upped their target price on Walt Disney from $120.00 to $138.00 and gave the company a “buy” rating in a report on Wednesday, July 16th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $131.18.

Walt Disney Stock Down 0.7%

DIS stock opened at $117.93 on Thursday. The stock’s 50 day simple moving average is $119.01 and its 200 day simple moving average is $108.78. The company has a market cap of $212.03 billion, a P/E ratio of 18.48, a price-to-earnings-growth ratio of 1.71 and a beta of 1.55. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 0.72. Walt Disney has a fifty-two week low of $80.10 and a fifty-two week high of $124.69.

Walt Disney (NYSE:DIS) last issued its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share for the quarter, topping analysts’ consensus estimates of $1.45 by $0.16. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The company had revenue of $23.65 billion for the quarter, compared to analyst estimates of $23.69 billion. During the same period in the prior year, the firm earned $1.39 earnings per share. Walt Disney’s revenue for the quarter was up 2.1% on a year-over-year basis. On average, research analysts expect that Walt Disney will post 5.47 earnings per share for the current fiscal year.

Institutional Trading of Walt Disney

A number of large investors have recently bought and sold shares of the company. MJT & Associates Financial Advisory Group Inc. purchased a new stake in Walt Disney in the 1st quarter worth about $26,000. DiNuzzo Private Wealth Inc. boosted its position in Walt Disney by 82.5% during the second quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock worth $26,000 after purchasing an additional 94 shares during the period. Mpwm Advisory Solutions LLC bought a new position in Walt Disney in the 4th quarter worth approximately $27,000. Kessler Investment Group LLC grew its stake in 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 in the last quarter. Finally, Copia Wealth Management bought a new stake in Walt Disney during the 4th quarter valued at $36,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

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.