Walt Disney (NYSE:DIS) Price Target Raised to $141.00 at Wells Fargo & Company

Walt Disney (NYSE:DIS) had its price objective hoisted by Wells Fargo & Company from $128.00 to $141.00 in a report issued on Tuesday, Benzinga reports. Wells Fargo & Company currently has an overweight rating on the entertainment giant’s stock.

Other analysts have also recently issued reports about the stock. JPMorgan Chase & Co. began coverage on shares of Walt Disney in a research note on Thursday, April 11th. They issued an overweight rating and a $140.00 target price for the company. Morgan Stanley lifted their target price on shares of Walt Disney from $110.00 to $135.00 and gave the company an overweight rating in a research note on Monday, March 4th. Rosenblatt Securities lifted their target price on shares of Walt Disney from $129.00 to $137.00 and gave the company a buy rating in a research note on Tuesday, April 2nd. Guggenheim lifted their target price on shares of Walt Disney from $125.00 to $140.00 and gave the company a buy rating in a research note on Wednesday, April 3rd. Finally, UBS Group lifted their target price on shares of Walt Disney from $120.00 to $140.00 and gave the company a buy rating in a research note on Wednesday, March 27th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-two have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of Moderate Buy and an average price target of $125.08.

Walt Disney Stock Performance

DIS stock opened at $112.73 on Tuesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.77 and a current ratio of 0.84. The stock has a market cap of $206.78 billion, a P/E ratio of 69.59, a P/E/G ratio of 1.40 and a beta of 1.42. The firm has a 50 day simple moving average of $114.18 and a 200 day simple moving average of $99.66. Walt Disney has a 52 week low of $78.73 and a 52 week high of $123.74.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 EPS for the quarter, topping the consensus estimate of $0.97 by $0.25. The business had revenue of $23.50 billion during the quarter, compared to analysts’ expectations of $23.71 billion. Walt Disney had a net margin of 3.36% and a return on equity of 7.88%. The firm’s quarterly revenue was down .1% compared to the same quarter last year. During the same period last year, the company posted $0.99 earnings per share. Research analysts anticipate that Walt Disney will post 4.66 earnings per share for the current fiscal year.

Walt Disney Cuts Dividend

The business also recently announced a semi-annual dividend, which will be paid on Thursday, July 25th. Investors of record on Monday, July 8th will be given a dividend of $0.45 per share. This represents a yield of 0.5%. The ex-dividend date of this dividend is Monday, July 8th. Walt Disney’s dividend payout ratio (DPR) is currently 18.52%.

Insider Buying and Selling

In other Walt Disney news, EVP Sonia L. Coleman sold 1,857 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $121.92, for a total value of $226,405.44. Following the sale, the executive vice president now owns 4,400 shares of the company’s stock, valued at approximately $536,448. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Walt Disney

Several institutional investors and hedge funds have recently bought and sold shares of the business. Mcdonald Partners LLC increased its holdings in Walt Disney by 0.5% in the 1st quarter. Mcdonald Partners LLC now owns 17,975 shares of the entertainment giant’s stock valued at $2,199,000 after buying an additional 88 shares during the period. McKinley Carter Wealth Services Inc. grew its holdings in shares of Walt Disney by 1.5% in the 1st quarter. McKinley Carter Wealth Services Inc. now owns 5,894 shares of the entertainment giant’s stock worth $721,000 after purchasing an additional 89 shares during the last quarter. Sendero Wealth Management LLC grew its holdings in shares of Walt Disney by 2.0% in the 1st quarter. Sendero Wealth Management LLC now owns 4,649 shares of the entertainment giant’s stock worth $569,000 after purchasing an additional 89 shares during the last quarter. Pflug Koory LLC grew its holdings in shares of Walt Disney by 1.0% in the 1st quarter. Pflug Koory LLC now owns 8,993 shares of the entertainment giant’s stock worth $1,100,000 after purchasing an additional 91 shares during the last quarter. Finally, McLean Asset Management Corp grew its holdings in shares of Walt Disney by 3.2% in the 1st quarter. McLean Asset Management Corp now owns 3,137 shares of the entertainment giant’s stock worth $370,000 after purchasing an additional 96 shares during the last quarter. 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.