The Walt Disney Company (NYSE:DIS) Receives $118.43 Consensus Target Price from Brokerages

The Walt Disney Company (NYSE:DIS) has been assigned an average recommendation of “Moderate Buy” from the twenty-two ratings firms that are currently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $118.43.

A number of equities research analysts recently weighed in on the company. Seaport Res Ptn upgraded Walt Disney from a “hold” rating to a “strong-buy” rating in a research note on Monday. Raymond James reiterated a “market perform” rating on shares of Walt Disney in a report on Tuesday. Morgan Stanley decreased their price target on Walt Disney from $130.00 to $110.00 and set an “overweight” rating for the company in a research note on Monday, August 5th. Evercore ISI lowered their price target on Walt Disney from $128.00 to $105.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $110.00 target price on shares of Walt Disney in a report on Thursday, September 26th.

Insiders Place Their Bets

In other Walt Disney news, Director Calvin Mcdonald bought 11,756 shares of the company’s stock in a transaction dated 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 transaction, the director now directly owns 22,313 shares of the company’s stock, valued at $1,897,943.78. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.10% of the company’s stock.

Hedge Funds Weigh In On Walt Disney

A number of hedge funds have recently bought and sold shares of DIS. Gold Investment Management Ltd. purchased a new position in shares of Walt Disney during the 4th quarter valued at approximately $28,000. ESL Trust Services LLC acquired a new position in Walt Disney during the first quarter worth $31,000. William B. Walkup & Associates Inc. purchased a new position in Walt Disney during the second quarter valued at $32,000. Frank Rimerman Advisors LLC acquired a new stake in shares of Walt Disney in the fourth quarter valued at about $37,000. Finally, Mascoma Wealth Management LLC increased its stake in shares of Walt Disney by 38.0% during the second quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock worth $44,000 after purchasing an additional 122 shares in the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Trading Down 0.6 %

NYSE:DIS opened at $93.63 on Friday. The firm has a 50-day simple moving average of $90.68 and a 200-day simple moving average of $100.88. Walt Disney has a one year low of $78.73 and a one year high of $123.74. The firm has a market cap of $170.69 billion, a P/E ratio of 101.77, a P/E/G ratio of 1.53 and a beta of 1.40. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.66 and a current ratio of 0.72.

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

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.