Walt Disney (NYSE:DIS) Price Target Raised to $140.00 at Guggenheim

Walt Disney (NYSE:DIS) had its price objective raised by Guggenheim from $120.00 to $140.00 in a research report report published on Friday,Benzinga reports. The firm currently has a buy rating on the entertainment giant’s stock.

Other analysts have also recently issued research reports about the stock. Morgan Stanley increased their price target on shares of Walt Disney from $110.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday, May 8th. Barclays increased their price target 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. Rosenblatt Securities increased their price objective on shares of Walt Disney from $135.00 to $140.00 and gave the company a “buy” rating in a research report on Tuesday, June 3rd. Wolfe Research raised shares of Walt Disney from a “peer perform” rating to an “outperform” rating and set a $112.00 price objective on the stock in a research report on Monday, April 21st. Finally, Needham & Company LLC reissued a “buy” rating and issued a $125.00 price objective on shares of Walt Disney in a research report on Thursday, May 8th. Six investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Walt Disney has an average rating of “Moderate Buy” and a consensus price target of $124.79.

Walt Disney Stock Performance

Shares of DIS stock opened at $122.39 on Friday. The stock has a market cap of $220.02 billion, a P/E ratio of 25.03, a P/E/G ratio of 1.78 and a beta of 1.54. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.67 and a quick ratio of 0.61. The company has a fifty day moving average price of $108.25 and a two-hundred day moving average price of $106.02. Walt Disney has a one year low of $80.10 and a one year high of $122.94.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 EPS for the quarter, beating 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 net margin of 9.47% and a return on equity of 9.99%. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter last year, the company posted $1.21 earnings per share. As a group, equities analysts predict that Walt Disney will post 5.47 EPS for the current year.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total value of $110,840.00. Following the transaction, the executive vice president now directly owns 46,831 shares of the company’s stock, valued at $5,190,748.04. This trade represents a 2.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.16% of the company’s stock.

Hedge Funds Weigh In On Walt Disney

Several hedge funds have recently bought and sold shares of DIS. Brighton Jones LLC boosted its stake in shares of Walt Disney by 7.7% in the 4th quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant’s stock valued at $2,980,000 after purchasing an additional 1,904 shares in the last quarter. Los Angeles Capital Management LLC boosted its stake in shares of Walt Disney by 117.5% in the 4th quarter. Los Angeles Capital Management LLC now owns 29,071 shares of the entertainment giant’s stock valued at $3,237,000 after purchasing an additional 15,708 shares in the last quarter. NewEdge Wealth LLC boosted its stake in shares of Walt Disney by 14.0% in the 4th quarter. NewEdge Wealth LLC now owns 15,708 shares of the entertainment giant’s stock valued at $1,749,000 after purchasing an additional 1,926 shares in the last quarter. Proficio Capital Partners LLC boosted its stake in shares of Walt Disney by 4,496.8% in the 4th quarter. Proficio Capital Partners LLC now owns 680,275 shares of the entertainment giant’s stock valued at $75,749,000 after purchasing an additional 665,476 shares in the last quarter. Finally, QRG Capital Management Inc. boosted its stake in shares of Walt Disney by 3.1% in the 4th quarter. QRG Capital Management Inc. now owns 145,858 shares of the entertainment giant’s stock valued at $16,241,000 after purchasing an additional 4,319 shares in the last quarter. 65.71% of the stock is owned by institutional investors.

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.