Walt Disney (NYSE:DIS) Given New $130.00 Price Target at Needham & Company LLC

Walt Disney (NYSE:DIS) had its price objective raised by Needham & Company LLC from $110.00 to $130.00 in a research note released on Friday,Benzinga reports. They currently have a buy rating on the entertainment giant’s stock.

Other equities analysts have also recently issued reports about the stock. Bank of America boosted their price target on shares of Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a report on Friday. Loop Capital raised their price target on Walt Disney from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday. Deutsche Bank Aktiengesellschaft boosted their price target on Walt Disney from $115.00 to $131.00 and gave the company a “buy” rating in a research note on Friday. Barclays cut their price objective on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Finally, Macquarie boosted their target price on shares of Walt Disney from $91.00 to $110.00 and gave the stock a “neutral” rating in a research report on Friday. Five investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $123.57.

Walt Disney Stock Up 5.5 %

Shares of DIS traded up $5.96 during trading hours on Friday, reaching $115.08. The company’s stock had a trading volume of 32,048,032 shares, compared to its average volume of 11,005,124. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.38. The firm has a market cap of $208.71 billion, a price-to-earnings ratio of 44.25, a P/E/G ratio of 1.67 and a beta of 1.40. The company has a 50 day moving average of $95.57 and a two-hundred day moving average of $96.79. Walt Disney has a 1-year low of $83.91 and a 1-year high of $123.74.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Smithfield Trust Co lifted its position in shares of Walt Disney by 0.5% during the 3rd quarter. Smithfield Trust Co now owns 18,869 shares of the entertainment giant’s stock valued at $1,809,000 after acquiring an additional 102 shares during the period. Drucker Wealth 3.0 LLC raised its holdings in shares of Walt Disney by 0.9% during the third quarter. Drucker Wealth 3.0 LLC now owns 11,657 shares of the entertainment giant’s stock valued at $1,121,000 after purchasing an additional 106 shares during the period. Transcendent Capital Group LLC boosted its position in shares of Walt Disney by 1.4% during the 1st quarter. Transcendent Capital Group LLC now owns 7,912 shares of the entertainment giant’s stock worth $968,000 after purchasing an additional 108 shares in the last quarter. Connable Office Inc. grew its stake in shares of Walt Disney by 0.3% in the 3rd quarter. Connable Office Inc. now owns 35,048 shares of the entertainment giant’s stock valued at $3,371,000 after buying an additional 108 shares during the period. Finally, ADE LLC increased its position in Walt Disney by 4.6% in the 2nd quarter. ADE LLC now owns 2,509 shares of the entertainment giant’s stock valued at $249,000 after buying an additional 110 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

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.