Walt Disney (NYSE:DIS) has been given a $105.00 price objective by research analysts at Barclays in a report released on Tuesday. The firm currently has a “hold” rating on the entertainment giant’s stock. Barclays’ target price indicates a potential downside of 4.90% from the stock’s current price.
Several other equities research analysts also recently weighed in on DIS. BTIG Research reaffirmed a “sell” rating on shares of Walt Disney in a research note on Monday, September 25th. Citigroup reaffirmed a “neutral” rating on shares of Walt Disney in a research note on Thursday, September 28th. Rosenblatt Securities reaffirmed a “hold” rating and issued a $110.00 price target on shares of Walt Disney in a research note on Thursday, September 28th. Zacks Investment Research downgraded shares of Walt Disney from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. Finally, Jefferies Group reissued a “hold” rating and set a $103.00 target price (down from $110.00) on shares of Walt Disney in a research report on Friday, October 6th. Four analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $116.53.
Walt Disney (NYSE:DIS) traded down $0.69 on Tuesday, reaching $110.41. 7,477,200 shares of the company’s stock traded hands, compared to its average volume of 7,679,374. Walt Disney has a 12-month low of $96.20 and a 12-month high of $116.10. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $167,010.00, a P/E ratio of 19.44, a P/E/G ratio of 1.95 and a beta of 1.38.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in DIS. Janus Henderson Group PLC boosted its stake in Walt Disney by 929.6% in the second quarter. Janus Henderson Group PLC now owns 5,410,942 shares of the entertainment giant’s stock valued at $574,907,000 after acquiring an additional 4,885,398 shares during the last quarter. AJO LP boosted its stake in Walt Disney by 12,331.6% in the second quarter. AJO LP now owns 3,300,335 shares of the entertainment giant’s stock valued at $350,661,000 after acquiring an additional 3,273,787 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Walt Disney by 2.2% in the second quarter. Vanguard Group Inc. now owns 98,803,049 shares of the entertainment giant’s stock valued at $10,497,824,000 after purchasing an additional 2,131,932 shares during the period. Arrowstreet Capital Limited Partnership raised its position in shares of Walt Disney by 247.9% in the second quarter. Arrowstreet Capital Limited Partnership now owns 2,644,700 shares of the entertainment giant’s stock valued at $280,999,000 after purchasing an additional 1,884,600 shares during the period. Finally, Nordea Investment Management AB raised its position in shares of Walt Disney by 48.7% in the second quarter. Nordea Investment Management AB now owns 5,313,513 shares of the entertainment giant’s stock valued at $564,561,000 after purchasing an additional 1,740,128 shares during the period. Hedge funds and other institutional investors own 61.63% of the company’s stock.
About Walt Disney
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.
