Walt Disney (NYSE:DIS) PT Lowered to $101.00

Walt Disney (NYSE:DIS) had its price objective dropped by research analysts at Raymond James from $123.00 to $101.00 in a report released on Thursday, Benzinga reports. The brokerage currently has an “outperform” rating on the entertainment giant’s stock. Raymond James’ price target suggests a potential upside of 17.16% from the stock’s current price.

Other equities analysts have also recently issued reports about the stock. Wells Fargo & Company lowered their price objective on shares of Walt Disney from $136.00 to $116.00 and set an “overweight” rating for the company in a research report on Thursday. Macquarie increased their price target on Walt Disney from $104.00 to $107.00 and gave the company a “neutral” rating in a research note on Monday, May 13th. Loop Capital reduced their price objective on Walt Disney from $139.00 to $130.00 and set a “buy” rating on the stock in a research report on Tuesday, July 30th. Redburn Atlantic raised Walt Disney from a “sell” rating to a “neutral” rating and set a $100.00 target price for the company in a report on Tuesday, May 21st. Finally, JPMorgan Chase & Co. cut their price target on Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a research note on Thursday. Three investment analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $118.75.

Walt Disney Price Performance

Shares of Walt Disney stock traded up $0.25 on Thursday, reaching $86.21. 16,008,396 shares of the stock were exchanged, compared to its average volume of 11,678,434. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.69 and a current ratio of 0.75. The firm has a market cap of $157.16 billion, a PE ratio of 93.71, a P/E/G ratio of 1.15 and a beta of 1.40. The firm’s 50 day moving average is $96.90 and its 200-day moving average is $105.13. Walt Disney has a one year low of $78.73 and a one year high of $123.74.

Walt Disney (NYSE:DIS) last released its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.19. Walt Disney had a return on equity of 8.37% and a net margin of 1.90%. The firm had revenue of $23.20 billion during the quarter, compared to analysts’ expectations of $23.08 billion. During the same period in the prior year, the company earned $1.03 earnings per share. The company’s quarterly revenue was up 3.9% on a year-over-year basis. As a group, analysts anticipate that Walt Disney will post 4.77 EPS for the current fiscal year.

Insiders Place Their Bets

In other Walt Disney news, Director Calvin Mcdonald purchased 11,756 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were purchased at an average cost of $85.06 per share, for a total transaction of $999,965.36. Following the acquisition, the director now owns 22,313 shares of the company’s stock, valued at $1,897,943.78. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Walt Disney

Several institutional investors have recently made changes to their positions in the stock. Cranbrook Wealth Management LLC increased its holdings in shares of Walt Disney by 109.2% during the second quarter. Cranbrook Wealth Management LLC now owns 1,408 shares of the entertainment giant’s stock valued at $140,000 after acquiring an additional 735 shares in the last quarter. Connors Investor Services Inc. raised its holdings in Walt Disney by 6.2% during the second quarter. Connors Investor Services Inc. now owns 90,862 shares of the entertainment giant’s stock worth $9,022,000 after buying an additional 5,265 shares during the last quarter. Perennial Investment Advisors LLC raised its holdings in Walt Disney by 2.9% during the second quarter. Perennial Investment Advisors LLC now owns 16,810 shares of the entertainment giant’s stock worth $1,669,000 after buying an additional 468 shares during the last quarter. Clearstead Trust LLC grew its holdings in shares of Walt Disney by 0.8% during the second quarter. Clearstead Trust LLC now owns 17,766 shares of the entertainment giant’s stock valued at $1,764,000 after buying an additional 148 shares during the last quarter. Finally, Virtu Financial LLC acquired a new position in shares of Walt Disney during the second quarter valued at about $2,241,000. Institutional investors and hedge funds 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.