Sanford C. Bernstein Forecasts Strong Price Appreciation for Walt Disney (NYSE:DIS) Stock

Walt Disney (NYSE:DIS) had its target price upped by investment analysts at Sanford C. Bernstein from $115.00 to $120.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the entertainment giant’s stock. Sanford C. Bernstein’s price target would suggest a potential upside of 4.28% from the company’s current price.

Several other analysts also recently issued reports on DIS. Needham & Company LLC reaffirmed a “buy” rating and set a $110.00 price objective on shares of Walt Disney in a report on Wednesday, October 23rd. Evercore ISI upped their target price on Walt Disney from $105.00 to $128.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. JPMorgan Chase & Co. lowered their price objective on Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Piper Sandler began coverage on shares of Walt Disney in a report on Wednesday, October 16th. They set a “neutral” rating and a $95.00 price target for the company. Finally, Barclays reduced their price objective on Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Five 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’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $123.57.

Walt Disney Price Performance

DIS opened at $115.08 on Friday. The stock has a fifty day moving average price of $95.57 and a 200 day moving average price of $96.69. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.38. Walt Disney has a 1 year low of $83.91 and a 1 year high of $123.74. The stock has a market cap of $208.71 billion, a price-to-earnings ratio of 44.26, a PEG ratio of 1.67 and a beta of 1.40.

Institutional Investors Weigh In On Walt Disney

Several institutional investors and hedge funds have recently bought and sold shares of DIS. Capital World Investors raised its holdings in shares of Walt Disney by 3,332.4% during the first quarter. Capital World Investors now owns 6,267,593 shares of the entertainment giant’s stock valued at $766,903,000 after acquiring an additional 6,084,993 shares in the last quarter. Swedbank AB bought a new position in Walt Disney during the 1st quarter valued at approximately $493,715,000. Farallon Capital Management LLC purchased a new position in shares of Walt Disney in the 2nd quarter worth about $355,673,000. Ontario Teachers Pension Plan Board bought a new position in shares of Walt Disney in the first quarter worth approximately $425,567,000. Finally, International Assets Investment Management LLC increased its holdings in shares of Walt Disney by 12,574.4% in the 3rd quarter. International Assets Investment Management LLC now owns 3,426,393 shares of the entertainment giant’s stock worth $329,585,000 after purchasing an additional 3,399,359 shares in the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

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.