Citigroup Boosts Walt Disney (DIS) Price Target to $161.00

Walt Disney (NYSE:DIS) had its target price lifted by analysts at Citigroup from $160.00 to $161.00 in a research note issued to investors on Thursday, BenzingaRatingsTable reports. The brokerage presently has a “buy” rating on the entertainment giant’s stock. Citigroup‘s price objective points to a potential upside of 20.87% from the stock’s previous close.

Several other research firms have also recently commented on DIS. Zacks Investment Research raised shares of Walt Disney from a “sell” rating to a “hold” rating in a research note on Thursday, January 17th. ValuEngine raised shares of Walt Disney from a “hold” rating to a “buy” rating in a research note on Saturday, April 13th. Rosenblatt Securities reissued a “buy” rating and set a $150.00 target price on shares of Walt Disney in a research note on Monday, April 8th. Imperial Capital raised their target price on shares of Walt Disney from $129.00 to $139.00 and gave the company an “outperform” rating in a research note on Monday, April 15th. Finally, Credit Suisse Group raised their target price on shares of Walt Disney from $114.00 to $130.00 and gave the company a “neutral” rating in a research note on Thursday, May 9th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nineteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $142.42.

Shares of NYSE:DIS opened at $133.20 on Thursday. The stock has a market capitalization of $195.80 billion, a P/E ratio of 18.81, a PEG ratio of 3.49 and a beta of 1.00. Walt Disney has a fifty-two week low of $98.81 and a fifty-two week high of $142.37. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.74 and a current ratio of 0.77.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Wednesday, May 8th. The entertainment giant reported $1.61 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.59 by $0.02. The firm had revenue of $14.92 billion for the quarter, compared to the consensus estimate of $14.53 billion. Walt Disney had a net margin of 22.55% and a return on equity of 15.67%. Walt Disney’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period last year, the firm posted $1.84 EPS. On average, research analysts expect that Walt Disney will post 6.7 earnings per share for the current fiscal year.

In other news, EVP Zenia B. Mucha sold 33,000 shares of Walt Disney stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $128.88, for a total value of $4,253,040.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Brent Woodford sold 2,000 shares of Walt Disney stock in a transaction that occurred on Thursday, February 21st. The stock was sold at an average price of $114.35, for a total transaction of $228,700.00. Following the completion of the transaction, the executive vice president now directly owns 26,517 shares in the company, valued at approximately $3,032,218.95. The disclosure for this sale can be found here. Insiders own 0.36% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in DIS. Vaughan Nelson Investment Management L.P. boosted its holdings in shares of Walt Disney by 137.2% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 932,665 shares of the entertainment giant’s stock worth $102,267,000 after purchasing an additional 539,445 shares during the period. Montecito Bank & Trust boosted its holdings in shares of Walt Disney by 25.9% during the fourth quarter. Montecito Bank & Trust now owns 16,415 shares of the entertainment giant’s stock worth $1,800,000 after purchasing an additional 3,372 shares during the period. Court Place Advisors LLC boosted its holdings in shares of Walt Disney by 1.6% during the fourth quarter. Court Place Advisors LLC now owns 14,698 shares of the entertainment giant’s stock worth $1,612,000 after purchasing an additional 235 shares during the period. King Luther Capital Management Corp boosted its holdings in shares of Walt Disney by 3.4% during the third quarter. King Luther Capital Management Corp now owns 765,838 shares of the entertainment giant’s stock worth $89,557,000 after purchasing an additional 25,204 shares during the period. Finally, Glassman Wealth Services boosted its holdings in shares of Walt Disney by 2.2% during the fourth quarter. Glassman Wealth Services now owns 11,033 shares of the entertainment giant’s stock worth $1,210,000 after purchasing an additional 234 shares during the period. 66.71% of the stock is currently owned by institutional investors and hedge funds.

About Walt Disney

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses.

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