UBS Group Forecasts Strong Price Appreciation for Walt Disney (NYSE:DIS) Stock

Walt Disney (NYSE:DIS) had its target price boosted by UBS Group from $105.00 to $120.00 in a research report sent to investors on Thursday morning,Benzinga reports. The brokerage currently has a buy rating on the entertainment giant’s stock.

Other equities research analysts have also recently issued reports about the company. Rosenblatt Securities reissued a “buy” rating and issued a $135.00 target price on shares of Walt Disney in a research note on Monday, February 10th. Prescient Securities decreased their target price on shares of Walt Disney from $130.00 to $115.00 and set a “neutral” rating for the company in a report on Tuesday, February 4th. Needham & Company LLC reiterated a “buy” rating and issued a $125.00 target price on shares of Walt Disney in a research note on Thursday. The Goldman Sachs Group raised their price target on shares of Walt Disney from $137.00 to $139.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. Finally, Loop Capital upped their price objective on Walt Disney from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday. Six equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Walt Disney has an average rating of “Moderate Buy” and an average target price of $123.54.

Walt Disney Trading Up 0.8 %

Shares of NYSE DIS opened at $105.93 on Thursday. The stock has a market cap of $191.50 billion, a P/E ratio of 34.50, a price-to-earnings-growth ratio of 1.80 and a beta of 1.49. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62. Walt Disney has a 1 year low of $80.10 and a 1 year high of $118.63. The firm has a 50-day moving average of $93.86 and a 200 day moving average of $104.16.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.24. The firm had revenue of $23.62 billion for 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 business’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.21 EPS. As a group, sell-side analysts expect that Walt Disney will post 5.47 EPS for the current fiscal year.

Institutional Investors Weigh In On Walt Disney

A number of hedge funds have recently modified their holdings of DIS. Arjuna Capital purchased a new stake in Walt Disney in the first quarter worth about $1,261,000. Headlands Technologies LLC grew its stake in shares of Walt Disney by 2,649.2% during the 1st quarter. Headlands Technologies LLC now owns 30,654 shares of the entertainment giant’s stock valued at $3,026,000 after acquiring an additional 29,539 shares during the period. Ontario Teachers Pension Plan Board increased its holdings in Walt Disney by 3.3% in the 1st quarter. Ontario Teachers Pension Plan Board now owns 2,436,181 shares of the entertainment giant’s stock worth $240,451,000 after acquiring an additional 78,394 shares in the last quarter. Deutsche Bank AG raised its stake in Walt Disney by 7.1% during the 1st quarter. Deutsche Bank AG now owns 6,552,766 shares of the entertainment giant’s stock worth $646,758,000 after acquiring an additional 432,575 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Walt Disney by 1.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 10,871,341 shares of the entertainment giant’s stock valued at $1,073,001,000 after purchasing an additional 109,197 shares in the last quarter. Institutional investors own 65.71% of the company’s stock.

Walt Disney Company Profile

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.