Walt Disney (NYSE:DIS) Sets New 52-Week High Following Analyst Upgrade

The Walt Disney Company (NYSE:DIS) reached a new 52-week high during trading on Tuesday after Loop Capital raised their price target on the stock from $125.00 to $130.00. Loop Capital currently has a buy rating on the stock. Walt Disney traded as high as $120.50 and last traded at $119.18, with a volume of 10783957 shares traded. The stock had previously closed at $115.66.

A number of other research analysts have also commented on DIS. Barclays raised their price objective on shares of Walt Disney from $115.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday, May 8th. Morgan Stanley raised their target price on shares of Walt Disney from $110.00 to $120.00 and gave the stock an “overweight” rating in a report on Thursday, May 8th. Wolfe Research upgraded Walt Disney from a “peer perform” rating to an “outperform” rating and set a $112.00 price target on the stock in a report on Monday, April 21st. UBS Group upped their price objective on shares of Walt Disney from $105.00 to $120.00 and gave the company a “buy” rating in a research note on Thursday, May 8th. Finally, Rosenblatt Securities raised their price target on Walt Disney from $135.00 to $140.00 and gave the stock a “buy” rating in a research note on Tuesday, June 3rd. Six analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $123.96.

Insider Transactions at Walt Disney

In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $110.84, for a total value of $110,840.00. Following the completion of the transaction, the executive vice president now owns 46,831 shares of the company’s stock, valued at $5,190,748.04. This represents a 2.09% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.16% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Walt Disney

Hedge funds and other institutional investors have recently modified their holdings of the stock. Trek Financial LLC increased its holdings in Walt Disney by 479.9% during the 4th quarter. Trek Financial LLC now owns 36,320 shares of the entertainment giant’s stock valued at $4,044,000 after purchasing an additional 30,057 shares in the last quarter. Greystone Financial Group LLC boosted its stake in shares of Walt Disney by 13.3% in the 4th quarter. Greystone Financial Group LLC now owns 85,187 shares of the entertainment giant’s stock valued at $9,486,000 after purchasing an additional 9,967 shares during the last quarter. FourThought Financial Partners LLC bought a new position in Walt Disney in the fourth quarter valued at approximately $446,000. Merit Financial Group LLC boosted its position in shares of Walt Disney by 47.0% in the 1st quarter. Merit Financial Group LLC now owns 57,172 shares of the entertainment giant’s stock worth $5,643,000 after purchasing an additional 18,272 shares during the last quarter. Finally, Alecta Tjanstepension Omsesidigt grew its position in shares of Walt Disney by 2.9% during the 4th quarter. Alecta Tjanstepension Omsesidigt now owns 3,569,400 shares of the entertainment giant’s stock worth $397,667,000 after buying an additional 100,000 shares during the period. Institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Performance

The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36. The stock’s fifty day moving average is $99.43 and its 200-day moving average is $105.72. The stock has a market cap of $213.49 billion, a price-to-earnings ratio of 38.68, a PEG ratio of 1.80 and a beta of 1.54.

Walt Disney (NYSE:DIS) last released its earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.21 by $0.24. The firm had revenue of $23.62 billion during the quarter, compared to analysts’ expectations of $23.15 billion. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. The company’s revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.21 EPS. On average, analysts forecast that The Walt Disney Company will post 5.47 EPS for the current year.

About Walt Disney

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.