Morgan Stanley Boosts Walt Disney (NYSE:DIS) Price Target to $130.00

Walt Disney (NYSE:DIS) had its target price hoisted by investment analysts at Morgan Stanley from $125.00 to $130.00 in a report issued on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the entertainment giant’s stock. Morgan Stanley’s target price indicates a potential upside of 17.30% from the stock’s previous close.

Several other equities analysts have also recently issued reports on DIS. Jefferies Financial Group assumed coverage on Walt Disney in a research report on Wednesday, December 4th. They set a “hold” rating and a $120.00 price target on the stock. Bank of America lifted their price target on Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, November 15th. 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 research report on Friday, November 15th. Piper Sandler assumed coverage on Walt Disney in a research report on Wednesday, October 16th. They set a “neutral” rating and a $95.00 price target on the stock. Finally, Evercore ISI raised their price objective on Walt Disney from $128.00 to $134.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. Six analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Walt Disney has a consensus rating of “Moderate Buy” and an average target price of $125.85.

Walt Disney Stock Down 1.1 %

DIS opened at $110.83 on Thursday. Walt Disney has a 12 month low of $83.91 and a 12 month high of $123.74. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.73 and a quick ratio of 0.67. The stock has a market cap of $200.43 billion, a P/E ratio of 40.90, a P/E/G ratio of 2.02 and a beta of 1.42. The stock’s 50 day moving average price is $112.00 and its 200 day moving average price is $101.07.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.32. Walt Disney had a return on equity of 9.21% and a net margin of 5.44%. As a group, research analysts predict that Walt Disney will post 5.41 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Brent Woodford sold 5,000 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $113.62, for a total transaction of $568,100.00. Following the completion of the sale, the executive vice president now directly owns 44,055 shares in the company, valued at approximately $5,005,529.10. This trade represents a 10.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Robert A. Iger sold 372,412 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $114.57, for a total value of $42,667,242.84. Following the sale, the chief executive officer now owns 226,767 shares of the company’s stock, valued at approximately $25,980,695.19. This represents a 62.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 385,412 shares of company stock worth $44,153,263. Corporate insiders own 0.16% of the company’s stock.

Hedge Funds Weigh In On Walt Disney

Institutional investors have recently bought and sold shares of the stock. FPC Investment Advisory Inc. bought a new position in Walt Disney during the fourth quarter valued at about $28,000. Tacita Capital Inc raised its holdings in Walt Disney by 93.2% during the fourth quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant’s stock valued at $29,000 after buying an additional 124 shares in the last quarter. Midwest Capital Advisors LLC bought a new position in Walt Disney during the fourth quarter valued at about $34,000. Bay Harbor Wealth Management LLC bought a new position in Walt Disney during the fourth quarter valued at about $35,000. Finally, Vision Financial Markets LLC bought a new position in shares of Walt Disney in the fourth quarter worth about $39,000. 65.71% of the stock is currently owned by institutional investors.

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.