Walt Disney (NYSE:DIS) Now Covered by Analysts at The Goldman Sachs Group

The Goldman Sachs Group initiated coverage on shares of Walt Disney (NYSE:DIS) in a research report issued to clients and investors on Tuesday, MarketBeat reports. The firm set a “buy” rating and a $125.00 price target on the entertainment giant’s stock. The Goldman Sachs Group’s price target would suggest a potential upside of 22.57% from the stock’s current price.

Other research analysts have also issued reports about the stock. Argus increased their target price on shares of Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, April 10th. Redburn Atlantic raised shares of Walt Disney from a “sell” rating to a “neutral” rating and set a $100.00 target price on the stock in a research note on Tuesday, May 21st. Wells Fargo & Company increased their target price on shares of Walt Disney from $128.00 to $141.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 23rd. Guggenheim increased their target price on shares of Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, April 3rd. Finally, Evercore ISI cut their target price on shares of Walt Disney from $130.00 to $128.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 8th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $126.50.

Walt Disney Trading Down 0.3 %

NYSE:DIS opened at $101.98 on Tuesday. The firm’s fifty day moving average is $105.68 and its 200-day moving average is $104.49. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.69 and a current ratio of 0.75. Walt Disney has a 52 week low of $78.73 and a 52 week high of $123.74. The firm has a market cap of $185.91 billion, a P/E ratio of 110.85, a P/E/G ratio of 1.27 and a beta of 1.40.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Tuesday, May 7th. The entertainment giant reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. Walt Disney had a net margin of 1.90% and a return on equity of 8.37%. The company had revenue of $22.08 billion for the quarter, compared to analyst estimates of $22.12 billion. During the same period in the prior year, the firm posted $0.93 EPS. The company’s quarterly revenue was up 1.2% on a year-over-year basis. Equities analysts expect that Walt Disney will post 4.75 earnings per share for the current year.

Insider Activity

In related news, EVP Sonia L. Coleman sold 1,857 shares of the firm’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $121.92, for a total transaction of $226,405.44. Following the completion of the sale, the executive vice president now owns 4,400 shares in the company, valued at $536,448. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Walt Disney news, EVP Sonia L. Coleman sold 1,857 shares of the stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $121.92, for a total transaction of $226,405.44. Following the completion of the transaction, the executive vice president now owns 4,400 shares in the company, valued at $536,448. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James P. Gorman bought 20,000 shares of the business’s stock in a transaction on Wednesday, May 8th. The shares were acquired at an average price of $106.03 per share, with a total value of $2,120,600.00. Following the transaction, the director now directly owns 20,467 shares of the company’s stock, valued at $2,170,116.01. The disclosure for this purchase can be found here. 0.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Walt Disney

A number of institutional investors and hedge funds have recently bought and sold shares of DIS. Planned Solutions Inc. purchased a new position in shares of Walt Disney in the fourth quarter worth $26,000. Gold Investment Management Ltd. bought a new stake in Walt Disney in the fourth quarter valued at $28,000. Fortis Group Advisors LLC bought a new stake in Walt Disney in the third quarter valued at $30,000. Stone House Investment Management LLC boosted its holdings in Walt Disney by 355.3% in the fourth quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock valued at $31,000 after acquiring an additional 270 shares in the last quarter. Finally, ESL Trust Services LLC bought a new stake in Walt Disney in the first quarter valued at $31,000. 65.71% of the stock is owned by hedge funds and other 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.