Walt Disney (NYSE:DIS) Rating Reiterated by Needham & Company LLC

Walt Disney (NYSE:DIS)‘s stock had its “buy” rating restated by research analysts at Needham & Company LLC in a report released on Wednesday, Benzinga reports. They currently have a $145.00 price objective on the entertainment giant’s stock. Needham & Company LLC’s target price indicates a potential upside of 47.04% from the company’s previous close.

Other equities research analysts also recently issued reports about the company. Macquarie lifted their price objective on Walt Disney from $104.00 to $107.00 and gave the company a “neutral” rating in a report on Monday, May 13th. Argus boosted their target price on Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, April 10th. Loop Capital boosted their price objective on shares of Walt Disney from $113.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday, May 6th. Redburn Atlantic upgraded shares of Walt Disney from a “sell” rating to a “neutral” rating and set a $100.00 price objective for the company in a research report on Tuesday, May 21st. Finally, Rosenblatt Securities boosted their price objective on shares of Walt Disney from $129.00 to $137.00 and gave the stock a “buy” rating in a research report on Tuesday, April 2nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-three have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $126.44.

Walt Disney Price Performance

DIS traded up $0.62 during trading on Wednesday, reaching $98.61. The stock had a trading volume of 5,015,332 shares, compared to its average volume of 11,481,347. Walt Disney has a 1-year low of $78.73 and a 1-year high of $123.74. The stock has a 50 day moving average of $104.17 and a two-hundred day moving average of $104.81. The firm has a market capitalization of $179.77 billion, a price-to-earnings ratio of 107.19, a price-to-earnings-growth ratio of 1.23 and a beta of 1.40. The company has a quick ratio of 0.69, a current ratio of 0.75 and a debt-to-equity ratio of 0.38.

Walt Disney (NYSE:DIS) last issued its earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 EPS for the quarter, topping the consensus estimate of $1.12 by $0.09. Walt Disney had a return on equity of 8.37% and a net margin of 1.90%. The business had revenue of $22.08 billion during the quarter, compared to analysts’ expectations of $22.12 billion. During the same quarter last year, the firm posted $0.93 earnings per share. Walt Disney’s revenue was up 1.2% compared to the same quarter last year. As a group, equities analysts anticipate that Walt Disney will post 4.76 EPS for the current fiscal year.

Insider Activity

In other Walt Disney news, EVP Sonia L. Coleman sold 4,400 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $106.00, for a total value of $466,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, EVP Sonia L. Coleman sold 4,400 shares of the stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $106.00, for a total value of $466,400.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James P. Gorman purchased 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The stock was acquired at an average price of $106.03 per share, with a total value of $2,120,600.00. Following the completion of the purchase, the director now owns 20,467 shares in the company, valued at $2,170,116.01. The disclosure for this purchase can be found here. Insiders own 0.10% of the company’s stock.

Institutional Trading of Walt Disney

Institutional investors and hedge funds have recently bought and sold shares of the company. Mcdonald Partners LLC lifted its stake in shares of Walt Disney by 0.5% in the first quarter. Mcdonald Partners LLC now owns 17,975 shares of the entertainment giant’s stock worth $2,199,000 after acquiring an additional 88 shares in the last quarter. Sendero Wealth Management LLC grew its holdings in Walt Disney by 2.0% in the 1st quarter. Sendero Wealth Management LLC now owns 4,649 shares of the entertainment giant’s stock worth $569,000 after buying an additional 89 shares in the last quarter. McKinley Carter Wealth Services Inc. raised its stake in shares of Walt Disney by 1.5% in the 1st quarter. McKinley Carter Wealth Services Inc. now owns 5,894 shares of the entertainment giant’s stock worth $721,000 after buying an additional 89 shares in the last quarter. Pflug Koory LLC boosted its position in shares of Walt Disney by 1.0% during the 1st quarter. Pflug Koory LLC now owns 8,993 shares of the entertainment giant’s stock valued at $1,100,000 after purchasing an additional 91 shares in the last quarter. Finally, Regent Peak Wealth Advisors LLC boosted its position in shares of Walt Disney by 3.5% during the 1st quarter. Regent Peak Wealth Advisors LLC now owns 2,801 shares of the entertainment giant’s stock valued at $343,000 after purchasing an additional 94 shares in the last quarter. 65.71% of the stock is currently 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.