Walt Disney (NYSE:DIS) Receives New Coverage from Analysts at Piper Sandler

Piper Sandler began coverage on shares of Walt Disney (NYSE:DIS) in a research report sent to investors on Wednesday, Marketbeat Ratings reports. The firm issued a neutral rating and a $95.00 target price on the entertainment giant’s stock.

A number of other analysts have also recently weighed in on DIS. Morgan Stanley reduced their target price on shares of Walt Disney from $130.00 to $110.00 and set an “overweight” rating for the company in a report on Monday, August 5th. The Goldman Sachs Group started coverage on Walt Disney in a research note on Tuesday, June 25th. They issued a “buy” rating and a $125.00 price target on the stock. Seaport Res Ptn raised shares of Walt Disney from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 30th. JPMorgan Chase & Co. dropped their target price on shares of Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Finally, Bank of America cut their price target on shares of Walt Disney from $145.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Five research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $118.05.

Walt Disney Stock Up 2.7 %

DIS opened at $96.75 on Wednesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.66 and a current ratio of 0.72. The company has a market capitalization of $176.38 billion, a PE ratio of 105.16, a P/E/G ratio of 1.49 and a beta of 1.40. The stock’s fifty day moving average is $91.29 and its 200-day moving average is $99.24. Walt Disney has a one year low of $79.23 and a one year high of $123.74.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 EPS for the quarter, topping the consensus estimate of $1.20 by $0.19. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The firm had revenue of $23.20 billion for the quarter, compared to analysts’ expectations of $23.08 billion. During the same period in the previous year, the business earned $1.03 earnings per share. Walt Disney’s revenue for the quarter was up 3.9% compared to the same quarter last year. On average, equities analysts predict that Walt Disney will post 4.92 EPS for the current fiscal year.

Insider Activity

In other Walt Disney news, Director Calvin Mcdonald acquired 11,756 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was acquired at an average price of $85.06 per share, with a total value of $999,965.36. Following the transaction, the director now owns 22,313 shares of the company’s stock, valued at approximately $1,897,943.78. This trade represents a 100.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Walt Disney

Large investors have recently bought and sold shares of the stock. ESL Trust Services LLC acquired a new position in shares of Walt Disney during the first quarter valued at about $31,000. William B. Walkup & Associates Inc. bought a new position in Walt Disney during the second quarter valued at about $32,000. Mascoma Wealth Management LLC raised its holdings in Walt Disney by 38.0% in the 2nd quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock valued at $44,000 after acquiring an additional 122 shares in the last quarter. Red Tortoise LLC lifted its position in shares of Walt Disney by 141.4% in the 1st quarter. Red Tortoise LLC now owns 367 shares of the entertainment giant’s stock worth $45,000 after acquiring an additional 215 shares during the period. Finally, First PREMIER Bank grew its holdings in shares of Walt Disney by 98.1% during the 3rd quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock worth $50,000 after purchasing an additional 256 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

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.