Walt Disney (NYSE:DIS) Price Target Cut to $125.00 by Analysts at Moffett Nathanson

Walt Disney (NYSE:DIS) had its target price reduced by Moffett Nathanson from $130.00 to $125.00 in a research report report published on Tuesday morning, MarketBeat reports. They currently have a buy rating on the entertainment giant’s stock.

A number of other brokerages also recently issued reports on DIS. JPMorgan Chase & Co. initiated coverage on Walt Disney in a report on Thursday, April 11th. They issued an overweight rating and a $140.00 price target for the company. Macquarie boosted their price target on Walt Disney from $104.00 to $107.00 and gave the company a neutral rating in a report on Monday, May 13th. Argus boosted their price target on Walt Disney from $125.00 to $140.00 and gave the company a buy rating in a report on Wednesday, April 10th. The Goldman Sachs Group initiated coverage on Walt Disney in a report on Tuesday, June 25th. They issued a buy rating and a $125.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Walt Disney from $125.00 to $130.00 and gave the company a buy rating in a report on Monday, May 6th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twenty-three have issued a buy rating to the company. According to MarketBeat.com, Walt Disney currently has an average rating of Moderate Buy and an average target price of $126.44.

Walt Disney Trading Down 0.1 %

Walt Disney stock opened at $97.98 on Tuesday. The company has a quick ratio of 0.69, a current ratio of 0.75 and a debt-to-equity ratio of 0.38. Walt Disney has a 52 week low of $78.73 and a 52 week high of $123.74. The company has a market capitalization of $178.62 billion, a price-to-earnings ratio of 106.50, a price-to-earnings-growth ratio of 1.23 and a beta of 1.40. The stock has a 50-day moving average price of $104.48 and a 200 day moving average price of $104.77.

Walt Disney (NYSE:DIS) last released its earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. Walt Disney had a return on equity of 8.37% and a net margin of 1.90%. The firm had revenue of $22.08 billion during the quarter, compared to the consensus estimate of $22.12 billion. During the same quarter in the previous year, the company posted $0.93 earnings per share. The company’s revenue was up 1.2% compared to the same quarter last year. Sell-side analysts anticipate that Walt Disney will post 4.76 EPS for the current year.

Insider Buying and Selling

In related news, Director James P. Gorman bought 20,000 shares of the company’s stock in a transaction on Wednesday, May 8th. The stock was bought at an average cost of $106.03 per share, for a total transaction of $2,120,600.00. Following the acquisition, the director now directly owns 20,467 shares in the company, valued at $2,170,116.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, Director James P. Gorman bought 20,000 shares of the company’s stock in a transaction on Wednesday, May 8th. The stock was bought at an average cost of $106.03 per share, for a total transaction of $2,120,600.00. Following the acquisition, the director now directly owns 20,467 shares in the company, valued at $2,170,116.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Sonia L. Coleman sold 4,400 shares of the company’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $106.00, for a total value of $466,400.00. The disclosure for this sale can be found here. 0.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On Walt Disney

Hedge funds have recently modified their holdings of the business. Vaughan Nelson Investment Management L.P. grew its holdings in shares of Walt Disney by 84.6% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 2,000,267 shares of the entertainment giant’s stock worth $244,754,000 after purchasing an additional 916,772 shares during the period. Avitas Wealth Management LLC lifted its stake in Walt Disney by 2.2% during the 4th quarter. Avitas Wealth Management LLC now owns 11,037 shares of the entertainment giant’s stock worth $997,000 after acquiring an additional 238 shares in the last quarter. WNY Asset Management LLC lifted its stake in Walt Disney by 32.8% during the 3rd quarter. WNY Asset Management LLC now owns 9,321 shares of the entertainment giant’s stock worth $756,000 after acquiring an additional 2,304 shares in the last quarter. Telos Capital Management Inc. lifted its stake in Walt Disney by 1.7% during the 4th quarter. Telos Capital Management Inc. now owns 74,767 shares of the entertainment giant’s stock worth $6,751,000 after acquiring an additional 1,236 shares in the last quarter. Finally, Howard Capital Management Group LLC lifted its stake in Walt Disney by 1.8% during the 4th quarter. Howard Capital Management Group LLC now owns 213,601 shares of the entertainment giant’s stock worth $19,286,000 after acquiring an additional 3,716 shares in the last quarter. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

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.