Walt Disney (NYSE:DIS) Price Target Raised to $120.00

Walt Disney (NYSE:DIS) had its target price increased by Sanford C. Bernstein from $115.00 to $120.00 in a research report sent to investors on Friday,Benzinga reports. They currently have an outperform rating on the entertainment giant’s stock.

Other research analysts also recently issued reports about the company. Bank of America dropped their target price on Walt Disney from $145.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Barclays dropped their price target 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. UBS Group dropped their price target on Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Morgan Stanley dropped their price target on Walt Disney from $130.00 to $110.00 and set an “overweight” rating on the stock in a research note on Monday, August 5th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $110.00 price target on shares of Walt Disney in a research note on Wednesday, October 23rd. Five investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $123.57.

Walt Disney Stock Up 5.5 %

Shares of DIS stock opened at $115.08 on Friday. Walt Disney has a 1-year low of $83.91 and a 1-year high of $123.74. The stock’s fifty day moving average price is $95.57 and its 200 day moving average price is $96.60. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.73 and a quick ratio of 0.66. The company has a market cap of $208.71 billion, a price-to-earnings ratio of 42.46, a price-to-earnings-growth ratio of 1.87 and a beta of 1.40.

Hedge Funds Weigh In On Walt Disney

A number of hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC boosted its position in Walt Disney by 3.8% during the third quarter. Geode Capital Management LLC now owns 37,672,320 shares of the entertainment giant’s stock worth $3,609,833,000 after purchasing an additional 1,393,082 shares in the last quarter. Brophy Wealth Management LLC purchased a new position in Walt Disney during the third quarter worth approximately $729,000. Conway Capital Management Inc. purchased a new position in Walt Disney during the third quarter worth approximately $223,000. Executive Wealth Management LLC purchased a new position in shares of Walt Disney in the third quarter valued at approximately $227,000. Finally, Nabity Jensen Investment Management Inc purchased a new position in shares of Walt Disney in the third quarter valued at approximately $550,000. 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.