Walt Disney (NYSE:DIS) Stock Price Up 3% Following Analyst Upgrade

The Walt Disney Company (NYSE:DIS) rose 3% on Friday after Needham & Company LLC raised their price target on the stock from $110.00 to $130.00. Needham & Company LLC currently has a buy rating on the stock. Walt Disney traded as high as $112.76 and last traded at $112.44. Approximately 5,048,202 shares were traded during trading, a decline of 54% from the average daily volume of 10,883,752 shares. The stock had previously closed at $109.12.

A number of other brokerages have also recently weighed in on DIS. Wells Fargo & Company raised their price objective on Walt Disney from $116.00 to $138.00 and gave the company an “overweight” rating in a report on Friday. Morgan Stanley lifted their price target on shares of Walt Disney from $110.00 to $125.00 and gave the stock an “overweight” rating in a research note on Friday. Loop Capital upped their price objective on shares of Walt Disney from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Friday. JPMorgan Chase & Co. decreased their target price on shares of Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Walt Disney from $115.00 to $131.00 and gave the stock a “buy” rating in a research note on Friday. Five research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $123.57.

Institutional Trading of Walt Disney

Several large investors have recently bought and sold shares of the company. Quent Capital LLC increased its stake in shares of Walt Disney by 4.4% in 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 bought a new position in shares of Walt Disney during the first quarter valued at approximately $239,000. TIAA Trust National Association lifted its holdings in shares of Walt Disney by 1.8% during the first quarter. TIAA Trust National Association now owns 92,130 shares of the entertainment giant’s stock valued at $11,273,000 after purchasing an additional 1,621 shares during the last quarter. Connors Investor Services Inc. bought a new stake in shares of Walt Disney in the 1st quarter worth approximately $10,474,000. Finally, Blue Barn Wealth LLC grew its stake 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 during the last quarter. 65.71% of the stock is owned by institutional investors.

Walt Disney Trading Up 5.4 %

The stock has a 50-day moving average of $95.03 and a two-hundred day moving average of $96.77. The company has a market cap of $208.67 billion, a P/E ratio of 44.18, a price-to-earnings-growth ratio of 1.67 and a beta of 1.40. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.66 and a current ratio of 0.72.

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.