Walt Disney (NYSE:DIS) PT Lowered to $105.00

Walt Disney (NYSE:DIS) had its target price lowered by Evercore ISI from $128.00 to $105.00 in a research report report published on Thursday, Benzinga reports. The firm currently has an outperform rating on the entertainment giant’s stock.

A number of other equities research analysts have also recently weighed in on the company. UBS Group dropped their price target on Walt Disney from $140.00 to $130.00 and set a buy rating for the company in a report on Wednesday, May 8th. Loop Capital dropped their price target on Walt Disney from $139.00 to $130.00 and set a buy rating for the company in a report on Tuesday, July 30th. Macquarie raised their price target on Walt Disney from $104.00 to $107.00 and gave the company a neutral rating in a report on Monday, May 13th. Argus increased their price objective on Walt Disney from $125.00 to $140.00 and gave the company a buy rating in a research report on Wednesday, April 10th. Finally, JPMorgan Chase & Co. decreased their price objective on Walt Disney from $135.00 to $125.00 and set an overweight rating on the stock in a research report on Thursday. Three analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus target price of $118.75.

Walt Disney Price Performance

Shares of NYSE:DIS opened at $86.21 on Thursday. The business has a 50 day moving average price of $96.90 and a 200 day moving average price of $105.21. The company has a quick ratio of 0.69, a current ratio of 0.75 and a debt-to-equity ratio of 0.38. The company has a market cap of $157.16 billion, a price-to-earnings ratio of 93.71, a PEG ratio of 1.15 and a beta of 1.40. Walt Disney has a twelve month low of $78.73 and a twelve month high of $123.74.

Walt Disney (NYSE:DIS) last issued its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.19. Walt Disney had a return on equity of 8.37% and a net margin of 1.90%. The business 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 firm posted $1.03 EPS. Walt Disney’s quarterly revenue was up 3.9% compared to the same quarter last year. Research analysts predict that Walt Disney will post 4.77 earnings per share for the current year.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, Director Calvin Mcdonald bought 11,756 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was purchased at an average cost of $85.06 per share, with a total value of $999,965.36. Following the completion of the purchase, the director now owns 22,313 shares in the company, valued at $1,897,943.78. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. ESL Trust Services LLC acquired a new position in Walt Disney in the first quarter valued at about $31,000. Gold Investment Management Ltd. bought a new stake in shares of Walt Disney in the fourth quarter valued at about $28,000. Partnership Wealth Management LLC bought a new stake in shares of Walt Disney in the fourth quarter valued at about $33,000. Stone House Investment Management LLC lifted its holdings in shares of Walt Disney by 355.3% in the fourth quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock valued at $31,000 after purchasing an additional 270 shares in the last quarter. Finally, Red Tortoise LLC lifted its holdings in shares of Walt Disney by 141.4% in the first quarter. Red Tortoise LLC now owns 367 shares of the entertainment giant’s stock valued at $45,000 after purchasing an additional 215 shares in the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

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.