Walt Disney (NYSE:DIS) Price Target Raised to $110.00

Walt Disney (NYSE:DIS) had its target price lifted by Macquarie from $91.00 to $110.00 in a research note issued to investors on Friday morning,Benzinga reports. The firm currently has a neutral rating on the entertainment giant’s stock.

Several other equities analysts have also recently commented on the stock. Needham & Company LLC restated a “buy” rating and issued a $110.00 target price on shares of Walt Disney in a research report on Wednesday, October 23rd. Piper Sandler started coverage on Walt Disney in a research note on Wednesday, October 16th. They set a “neutral” rating and a $95.00 target price for the company. Wells Fargo & Company decreased their price target on Walt Disney from $136.00 to $116.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Evercore ISI upped their price objective on Walt Disney from $105.00 to $128.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Walt Disney from $115.00 to $131.00 and gave the company a “buy” rating in a research report on Friday. Five research 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. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $123.83.

Walt Disney Stock Down 1.3 %

NYSE DIS opened at $113.55 on Friday. The company has a market cap of $205.93 billion, a price-to-earnings ratio of 41.90, 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. The company has a 50 day moving average of $96.07 and a 200-day moving average of $96.60. Walt Disney has a 1-year low of $83.91 and a 1-year high of $123.74.

Institutional Inflows and Outflows

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

Walt Disney Company Profile

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.