Walt Disney (NYSE:DIS) Price Target Raised to $130.00

Walt Disney (NYSE:DIS) had its target price upped by Needham & Company LLC from $110.00 to $130.00 in a report issued on Friday morning,Benzinga reports. They currently have a buy rating on the entertainment giant’s stock.

A number of other research analysts also recently issued reports on the company. Wells Fargo & Company lifted their price target on Walt Disney from $116.00 to $138.00 and gave the company an “overweight” rating in a report on Friday. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Walt Disney from $115.00 to $131.00 and gave the stock a “buy” rating in a report on Friday. Seaport Res Ptn raised shares of Walt Disney from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 30th. Barclays reduced their price objective on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Finally, UBS Group lowered their target price on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Five equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Walt Disney currently has a consensus rating of “Moderate Buy” and a consensus price target of $123.57.

Walt Disney Price Performance

DIS opened at $115.08 on Friday. The company has a market capitalization of $208.71 billion, a price-to-earnings ratio of 42.46, a PEG ratio of 1.87 and a beta of 1.40. The company has a current ratio of 0.73, a quick ratio of 0.66 and a debt-to-equity ratio of 0.37. Walt Disney has a 12-month low of $83.91 and a 12-month high of $123.74. The business’s fifty day simple moving average is $95.57 and its 200-day simple moving average is $96.60.

Institutional Investors Weigh In On Walt Disney

Institutional investors have recently added to or reduced their stakes in the business. Quent Capital LLC boosted its stake in shares of Walt Disney by 4.4% during the 1st quarter. Quent Capital LLC now owns 7,766 shares of the entertainment giant’s stock worth $950,000 after acquiring an additional 327 shares in the last quarter. Spirepoint Private Client LLC acquired a new stake in Walt Disney in the first quarter valued at $239,000. TIAA Trust National Association increased its position in shares of Walt Disney by 1.8% in the first quarter. TIAA Trust National Association now owns 92,130 shares of the entertainment giant’s stock valued at $11,273,000 after buying an additional 1,621 shares in the last quarter. Connors Investor Services Inc. acquired a new position in shares of Walt Disney during the 1st quarter worth $10,474,000. Finally, Blue Barn Wealth LLC boosted its position in shares of Walt Disney by 16.4% in the 1st quarter. Blue Barn Wealth LLC now owns 2,702 shares of the entertainment giant’s stock worth $331,000 after buying an additional 381 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.