Walt Disney (NYSE:DIS) Raised to “Strong-Buy” at Wall Street Zen

by · The Cerbat Gem

Wall Street Zen upgraded shares of Walt Disney (NYSE:DIS – Free Report) from a buy rating to a strong-buy rating in a report released on Saturday morning.

Several other analysts have also recently weighed in on DIS. Morgan Stanley lifted their price objective on shares of Walt Disney from $110.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday, May 8th. Rosenblatt Securities lifted their price objective 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. Jefferies Financial Group upgraded shares of Walt Disney from a “hold” rating to a “buy” rating and boosted their target price for the company from $100.00 to $144.00 in a research report on Monday, June 30th. Citigroup boosted their target price on shares of Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, July 9th. Finally, 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 report on Monday, April 21st. Five research analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $127.35.

Check Out Our Latest Stock Report on Walt Disney

Walt Disney Price Performance

Shares of Walt Disney stock opened at $119.99 on Friday. Walt Disney has a twelve month low of $80.10 and a twelve month high of $124.69. 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 50-day simple moving average of $115.46 and a two-hundred day simple moving average of $106.68. The stock has a market capitalization of $215.72 billion, a price-to-earnings ratio of 24.54, a price-to-earnings-growth ratio of 1.75 and a beta of 1.56.

Walt Disney (NYSE:DIS – Get Free Report) last issued its quarterly earnings data 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. Walt Disney had a net margin of 9.47% and a return on equity of 9.99%. The business had revenue of $23.62 billion during the quarter, compared to analysts’ expectations of $23.15 billion. During the same quarter in the previous year, the company earned $1.21 EPS. The business’s revenue was up 7.0% on a year-over-year basis. Analysts forecast that Walt Disney will post 5.47 EPS for the current year.

Insider Transactions at Walt Disney

In related news, EVP Brent Woodford sold 1,000 shares of the company’s stock in a transaction that occurred 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 in the company, valued at $5,190,748.04. This represents a 2.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.16% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Walt Disney

Several institutional investors and hedge funds have recently added to or reduced their stakes in DIS. MJT & Associates Financial Advisory Group Inc. acquired a new position in Walt Disney in the 1st quarter valued at approximately $26,000. Mpwm Advisory Solutions LLC acquired a new position in Walt Disney in the 4th quarter valued at approximately $27,000. Kessler Investment Group LLC increased its position 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 acquiring an additional 200 shares during the period. Pilgrim Partners Asia Pte Ltd acquired a new position in Walt Disney in the 4th quarter valued at approximately $32,000. Finally, Copia Wealth Management acquired a new position in Walt Disney in the 4th quarter valued at approximately $36,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

About Walt Disney

(Get Free Report)

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.

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