Walt Disney Co (DIS) Given New $125.00 Price Target at Instinet
Walt Disney Co (NYSE:DIS) had its target price raised by Instinet to $125.00 in a research note issued on Tuesday. Instinet’s price objective suggests a potential upside of 10.90% from the company’s current price.
Other equities research analysts have also recently issued research reports about the company. Vetr cut Walt Disney from a “buy” rating to a “hold” rating and set a $115.94 price objective on the stock. in a report on Monday. Drexel Hamilton reiterated a “hold” rating on shares of Walt Disney in a report on Tuesday. Evercore ISI upgraded Walt Disney from a “hold” rating to a “buy” rating and lifted their target price for the company from $103.00 to $120.00 in a report on Wednesday, February 8th. Royal Bank of Canada reiterated an “outperform” rating and issued a $130.00 target price (up previously from $101.00) on shares of Walt Disney in a report on Wednesday, February 8th. Finally, Piper Jaffray Companies set a $115.00 target price on Walt Disney and gave the company a “buy” rating in a report on Thursday, December 15th. Five research analysts have rated the stock with a sell rating, eleven have issued a hold rating and nineteen have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $114.84.
Walt Disney (NYSE:DIS) opened at 112.71 on Tuesday. The stock’s 50 day moving average price is $110.49 and its 200 day moving average price is $101.34. The firm has a market capitalization of $178.22 billion, a PE ratio of 20.34 and a beta of 1.25. Walt Disney has a 52-week low of $90.32 and a 52-week high of $113.16.
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Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Tuesday, February 7th. The entertainment giant reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.50 by $0.05. Walt Disney had a return on equity of 19.43% and a net margin of 16.29%. The business had revenue of $14.78 billion for the quarter, compared to analysts’ expectations of $15.30 billion. During the same quarter last year, the firm earned $1.63 earnings per share. The business’s revenue was down 3.0% on a year-over-year basis. Analysts expect that Walt Disney will post $5.94 earnings per share for the current year.
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In other Walt Disney news, EVP Brent Woodford sold 925 shares of Walt Disney stock in a transaction that occurred on Wednesday, December 21st. The stock was sold at an average price of $104.61, for a total value of $96,764.25. Following the completion of the transaction, the executive vice president now directly owns 25,745 shares in the company, valued at $2,693,184.45. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last three months, insiders sold 6,925 shares of company stock valued at $747,764. 13.00% of the stock is owned by corporate insiders.
A number of institutional investors have recently modified their holdings of the stock. Norges Bank bought a new position in shares of Walt Disney during the fourth quarter worth approximately $1,507,183,000. FMR LLC increased its position in shares of Walt Disney by 11.7% in the fourth quarter. FMR LLC now owns 34,148,450 shares of the entertainment giant’s stock worth $3,558,951,000 after buying an additional 3,579,822 shares during the last quarter. Nordea Investment Management AB increased its position in shares of Walt Disney by 149.1% in the third quarter. Nordea Investment Management AB now owns 5,372,709 shares of the entertainment giant’s stock worth $498,910,000 after buying an additional 3,216,153 shares during the last quarter. Asset Management One Co. Ltd. increased its position in shares of Walt Disney by 1,054.2% in the fourth quarter. Asset Management One Co. Ltd. now owns 2,704,130 shares of the entertainment giant’s stock worth $281,899,000 after buying an additional 2,469,854 shares during the last quarter. Finally, Viking Global Investors LP bought a new position in shares of Walt Disney during the fourth quarter worth approximately $250,510,000. Institutional investors own 58.65% of the company’s stock.
About Walt Disney
The Walt Disney Company is an entertainment company. The Company operates in four business segments: Media Networks, Parks and Resorts, Studio Entertainment, and Consumer Products & Interactive Media. The media networks segment includes cable and broadcast television networks, television production and distribution operations, domestic television stations, and radio networks and stations.
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