Walt Disney (NYSE:DIS) had its target price upped by research analysts at Pivotal Research from $83.00 to $91.00 in a note issued to investors on Thursday. The brokerage currently has a “sell” rating on the entertainment giant’s stock. Pivotal Research’s price objective would indicate a potential downside of 15.44% from the stock’s current price.
A number of other research analysts also recently issued reports on the stock. Guggenheim restated a “buy” rating and set a $122.00 target price on shares of Walt Disney in a research report on Tuesday, September 5th. Jefferies Group restated a “hold” rating and set a $103.00 target price (down from $110.00) on shares of Walt Disney in a research report on Friday, October 6th. BTIG Research restated a “sell” rating on shares of Walt Disney in a research report on Monday, September 25th. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Walt Disney in a research note on Tuesday, September 12th. Finally, Morgan Stanley lowered their price target on Walt Disney from $130.00 to $120.00 and set an “overweight” rating for the company in a research note on Tuesday, October 31st. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and seventeen have assigned a buy rating to the stock. Walt Disney has an average rating of “Hold” and a consensus price target of $112.64.
Shares of Walt Disney (NYSE:DIS) traded up $0.18 during trading hours on Thursday, hitting $107.61. 10,368,200 shares of the stock traded hands, compared to its average volume of 7,285,033. Walt Disney has a 52 week low of $96.20 and a 52 week high of $116.10. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.81 and a quick ratio of 0.74. The firm has a market cap of $162,109.33, a P/E ratio of 18.83, a PEG ratio of 2.29 and a beta of 1.38.
Institutional investors have recently added to or reduced their stakes in the business. Tortoise Investment Management LLC increased its stake in Walt Disney by 0.6% in the 2nd quarter. Tortoise Investment Management LLC now owns 2,269 shares of the entertainment giant’s stock worth $241,000 after acquiring an additional 14 shares during the last quarter. Burt Wealth Advisors increased its position in shares of Walt Disney by 0.5% during the 2nd quarter. Burt Wealth Advisors now owns 3,182 shares of the entertainment giant’s stock valued at $338,000 after purchasing an additional 15 shares during the last quarter. Sonata Capital Group Inc. increased its position in shares of Walt Disney by 0.7% during the 2nd quarter. Sonata Capital Group Inc. now owns 2,732 shares of the entertainment giant’s stock valued at $290,000 after purchasing an additional 20 shares during the last quarter. Leisure Capital Management grew its position in Walt Disney by 0.5% during the 2nd quarter. Leisure Capital Management now owns 4,449 shares of the entertainment giant’s stock worth $473,000 after acquiring an additional 20 shares during the last quarter. Finally, First Capital Advisors Group LLC. grew its position in Walt Disney by 0.4% during the 2nd quarter. First Capital Advisors Group LLC. now owns 6,515 shares of the entertainment giant’s stock worth $692,000 after acquiring an additional 24 shares during the last quarter. Hedge funds and other institutional investors own 61.51% 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.
