Wells Fargo & Company Forecasts Strong Price Appreciation for Walt Disney (NYSE:DIS) Stock

Walt Disney (NYSE:DIS) had its target price upped by analysts at Wells Fargo & Company from $116.00 to $138.00 in a research note issued on Friday,Benzinga reports. The firm presently has an “overweight” rating on the entertainment giant’s stock. Wells Fargo & Company‘s price target suggests a potential upside of 19.92% from the stock’s previous close.

Several other analysts have also recently commented on the company. Raymond James reissued a “market perform” rating on shares of Walt Disney in a report on Tuesday, October 1st. Morgan Stanley lowered their price target on shares of Walt Disney from $130.00 to $110.00 and set an “overweight” rating on the stock in a research note on Monday, August 5th. Barclays reduced their price objective on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. JPMorgan Chase & Co. lowered 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, Loop Capital reduced their price target on shares of Walt Disney from $139.00 to $130.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. Five equities research 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $123.57.

Walt Disney Trading Up 5.5 %

NYSE DIS opened at $115.08 on Friday. 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 stock has a market capitalization of $208.71 billion, a P/E ratio of 44.26, a P/E/G ratio of 1.67 and a beta of 1.40. Walt Disney has a 52-week low of $83.91 and a 52-week high of $123.74. The firm has a 50-day moving average price of $95.57 and a 200 day moving average price of $96.69.

Institutional Inflows and Outflows

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