Walt Disney (NYSE:DIS) Price Target Lowered to $120.00 at UBS Group

Walt Disney (NYSE:DIS) had its price objective reduced by UBS Group from $130.00 to $120.00 in a research report sent to investors on Thursday morning, Benzinga reports. They currently have a buy rating on the entertainment giant’s stock.

Other research analysts also recently issued research reports about the company. Wells Fargo & Company lifted their price target on Walt Disney from $128.00 to $141.00 and gave the company an overweight rating in a report on Tuesday, April 23rd. Morgan Stanley reduced their price objective on Walt Disney from $130.00 to $110.00 and set an overweight rating for the company in a research report on Monday. Needham & Company LLC reduced their price objective on Walt Disney from $145.00 to $110.00 and set a buy rating for the company in a research report on Thursday. The Goldman Sachs Group began coverage on Walt Disney in a research report on Tuesday, June 25th. They set a buy rating and a $125.00 price objective for the company. Finally, Barclays reduced their price objective on Walt Disney from $135.00 to $130.00 and set an overweight rating for the company in a research report on Wednesday, May 8th. Three analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of Moderate Buy and a consensus target price of $118.75.

Walt Disney Stock Up 0.3 %

Shares of DIS stock traded up $0.25 on Thursday, reaching $86.21. 15,991,365 shares of the company’s stock traded hands, compared to its average volume of 11,678,434. Walt Disney has a 12-month low of $78.73 and a 12-month high of $123.74. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.69 and a current ratio of 0.75. The company has a market capitalization of $157.16 billion, a P/E ratio of 93.71, a price-to-earnings-growth ratio of 1.15 and a beta of 1.40. The business’s 50 day moving average price is $96.90 and its two-hundred day moving average price is $105.05.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.19. Walt Disney had a return on equity of 8.37% and a net margin of 1.90%. The business had revenue of $23.20 billion for the quarter, compared to the consensus estimate of $23.08 billion. During the same quarter in the previous year, the company posted $1.03 earnings per share. Walt Disney’s revenue for the quarter was up 3.9% compared to the same quarter last year. On average, equities analysts forecast that Walt Disney will post 4.77 earnings per share for the current year.

Insider Transactions at Walt Disney

In other news, Director Calvin Mcdonald purchased 11,756 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were purchased at an average cost of $85.06 per share, for a total transaction of $999,965.36. Following the completion of the purchase, the director now directly owns 22,313 shares of the company’s stock, valued at approximately $1,897,943.78. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Walt Disney

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Walt Disney by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 153,769,084 shares of the entertainment giant’s stock valued at $18,815,185,000 after purchasing an additional 2,325,582 shares during the period. Norges Bank bought a new stake in shares of Walt Disney in the 4th quarter valued at approximately $1,938,647,000. Bank of New York Mellon Corp grew its stake in shares of Walt Disney by 10.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 14,883,983 shares of the entertainment giant’s stock valued at $1,477,831,000 after purchasing an additional 1,449,730 shares during the period. Jennison Associates LLC bought a new stake in shares of Walt Disney in the 1st quarter valued at approximately $1,490,492,000. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of Walt Disney by 2.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,040,297 shares of the entertainment giant’s stock valued at $1,473,252,000 after purchasing an additional 293,482 shares during the period. 65.71% of the stock is currently owned by 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.