Evercore ISI Raises Walt Disney (NYSE:DIS) Price Target to $128.00

Walt Disney (NYSE:DIS) had its target price hoisted by Evercore ISI from $105.00 to $128.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has an “outperform” rating on the entertainment giant’s stock. Evercore ISI’s price target suggests a potential upside of 24.67% from the company’s previous close.

Several other research firms have also recently weighed in on DIS. Seaport Res Ptn upgraded shares of Walt Disney from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 30th. Piper Sandler began coverage on Walt Disney in a report on Wednesday, October 16th. They set a “neutral” rating and a $95.00 price target on the stock. JPMorgan Chase & Co. reduced their price objective on Walt Disney from $135.00 to $125.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. UBS Group lowered their target price on Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Finally, Raymond James reissued a “market perform” rating on shares of Walt Disney in a research report on Tuesday, October 1st. Four analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $119.14.

Walt Disney Stock Performance

Shares of DIS opened at $102.67 on Tuesday. The company has a 50-day moving average of $94.35 and a two-hundred day moving average of $96.65. The stock has a market cap of $186.20 billion, a price-to-earnings ratio of 39.49, a PEG ratio of 1.64 and a beta of 1.40. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.72 and a quick ratio of 0.66. Walt Disney has a one year low of $83.91 and a one year high of $123.74.

Institutional Investors Weigh In On Walt Disney

Several institutional investors and hedge funds have recently added to or reduced their stakes in DIS. Concurrent Investment Advisors LLC boosted its holdings in shares of Walt Disney by 8.4% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 66,744 shares of the entertainment giant’s stock worth $6,420,000 after buying an additional 5,184 shares during the period. Summit Global Investments boosted its holdings in Walt Disney by 476.0% during the third quarter. Summit Global Investments now owns 12,379 shares of the entertainment giant’s stock valued at $1,191,000 after acquiring an additional 10,230 shares during the period. Lmcg Investments LLC grew its position in shares of Walt Disney by 18.6% in the third quarter. Lmcg Investments LLC now owns 147,353 shares of the entertainment giant’s stock valued at $14,174,000 after purchasing an additional 23,116 shares during the last quarter. American Assets Inc. acquired a new stake in shares of Walt Disney in the third quarter valued at about $962,000. Finally, PGGM Investments acquired a new position in shares of Walt Disney during the 1st quarter worth about $1,036,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

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.