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

Walt Disney (NYSE:DIS) had its price target decreased by investment analysts at Guggenheim from $130.00 to $120.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the entertainment giant’s stock. Guggenheim’s target price indicates a potential upside of 13.28% from the company’s previous close.

Other analysts have also recently issued research reports about the stock. Loop Capital raised their target price on shares of Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, March 4th. Barclays cut their price objective on shares of Walt Disney from $125.00 to $115.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. Wolfe Research raised Walt Disney from a “peer perform” rating to an “outperform” rating and set a $112.00 target price on the stock in a research report on Monday, April 21st. UBS Group reduced their price target on Walt Disney from $130.00 to $105.00 and set a “buy” rating for the company in a research note on Tuesday, April 15th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $135.00 price objective on shares of Walt Disney in a research report on Monday, February 10th. Six equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $123.54.

Walt Disney Trading Up 0.8 %

Walt Disney stock opened at $105.93 on Thursday. The stock has a 50-day simple moving average of $93.86 and a 200 day simple moving average of $104.11. The stock has a market capitalization of $191.50 billion, a P/E ratio of 34.50, a PEG ratio of 1.80 and a beta of 1.49. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68. Walt Disney has a 52 week low of $80.10 and a 52 week high of $118.63.

Walt Disney (NYSE:DIS) last posted its earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.21 by $0.24. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. The business had revenue of $23.62 billion for the quarter, compared to analyst estimates of $23.15 billion. During the same period in the previous year, the firm earned $1.21 EPS. The firm’s revenue was up 7.0% compared to the same quarter last year. Analysts expect that Walt Disney will post 5.47 earnings per share for the current year.

Hedge Funds Weigh In On Walt Disney

A number of institutional investors have recently added to or reduced their stakes in the stock. Mpwm Advisory Solutions LLC bought a new position in shares of Walt Disney in the 4th quarter valued at $27,000. FPC Investment Advisory Inc. acquired a new position in shares of Walt Disney in the fourth quarter valued at approximately $28,000. Tacita Capital Inc boosted its position in Walt Disney by 93.2% during the 4th quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant’s stock worth $29,000 after buying an additional 124 shares during the period. MJT & Associates Financial Advisory Group Inc. acquired a new position in Walt Disney in the 1st quarter valued at approximately $26,000. Finally, Kessler Investment Group LLC lifted its holdings in shares of Walt Disney by 274.0% during the first quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant’s stock worth $27,000 after purchasing an additional 200 shares during the period. 65.71% of the stock is currently owned by institutional investors and hedge funds.

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.