Walt Disney (NYSE:DIS) had its target price raised by stock analysts at Royal Bank of Canada to $135.00 in a research note issued to investors on Wednesday, The Fly reports. The brokerage currently has a “top pick” rating on the entertainment giant’s stock. Royal Bank of Canada’s price target would suggest a potential upside of 20.75% from the company’s previous close.
DIS has been the topic of a number of other research reports. Piper Jaffray Companies set a $130.00 price target on shares of Walt Disney and gave the company a “buy” rating in a research note on Tuesday, October 31st. JPMorgan Chase & Co. set a $125.00 price target on shares of Walt Disney and gave the company a “buy” rating in a research note on Friday, November 10th. Vetr lowered shares of Walt Disney from a “buy” rating to a “hold” rating and set a $106.77 price objective on the stock. in a research note on Monday, November 13th. Rosenblatt Securities reiterated a “hold” rating and issued a $115.00 price objective on shares of Walt Disney in a research note on Monday, December 4th. Finally, Citigroup reiterated a “neutral” rating on shares of Walt Disney in a research note on Thursday, September 28th. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. Walt Disney has an average rating of “Hold” and an average price target of $114.41.
Walt Disney (DIS) opened at $111.80 on Wednesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.74 and a current ratio of 0.81. Walt Disney has a 52 week low of $96.20 and a 52 week high of $116.10. The stock has a market cap of $168,850.00, a P/E ratio of 19.68, a price-to-earnings-growth ratio of 2.29 and a beta of 1.38.
A number of hedge funds and other institutional investors have recently made changes to their positions in DIS. Weybosset Research & Management LLC lifted its stake in shares of Walt Disney by 0.3% in the third quarter. Weybosset Research & Management LLC now owns 3,013 shares of the entertainment giant’s stock worth $280,000 after buying an additional 8 shares in the last quarter. Addison Capital Co lifted its stake in shares of Walt Disney by 0.3% in the third quarter. Addison Capital Co now owns 3,534 shares of the entertainment giant’s stock worth $328,000 after buying an additional 9 shares in the last quarter. Armbruster Capital Management Inc. lifted its stake in shares of Walt Disney by 0.4% in the second quarter. Armbruster Capital Management Inc. now owns 2,550 shares of the entertainment giant’s stock worth $249,000 after buying an additional 10 shares in the last quarter. Community Bank & Trust Waco Texas lifted its stake in shares of Walt Disney by 0.3% in the third quarter. Community Bank & Trust Waco Texas now owns 3,551 shares of the entertainment giant’s stock worth $330,000 after buying an additional 12 shares in the last quarter. Finally, Harwood Advisory Group LLC lifted its stake in shares of Walt Disney by 0.6% in the second quarter. Harwood Advisory Group LLC now owns 2,071 shares of the entertainment giant’s stock worth $220,000 after buying an additional 12 shares in the last quarter. 61.51% of the stock is currently owned by hedge funds and other institutional investors.
COPYRIGHT VIOLATION NOTICE: This report was originally reported by American Banking and Market News and is the property of of American Banking and Market News. If you are viewing this report on another publication, it was illegally stolen and republished in violation of international copyright & trademark law. The correct version of this report can be viewed at https://www.americanbankingnews.com/2018/01/03/walt-disney-dis-pt-raised-to-135-00.html.
Walt Disney Company Profile
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.
