Walt Disney (NYSE:DIS) Price Target Cut to $125.00

Walt Disney (NYSE:DIS) had its price target lowered by Moffett Nathanson from $130.00 to $125.00 in a report issued on Tuesday morning, Marketbeat reports. The brokerage currently has a buy rating on the entertainment giant’s stock.

A number of other brokerages also recently issued reports on DIS. Raymond James boosted their price objective on Walt Disney from $112.00 to $128.00 and gave the company an outperform rating in a research note on Tuesday, March 26th. Loop Capital raised their price objective on shares of Walt Disney from $113.00 to $140.00 and gave the stock a buy rating in a research report on Monday, May 6th. Redburn Atlantic upgraded shares of Walt Disney from a sell rating to a neutral rating and set a $100.00 target price on the stock in a research report on Tuesday, May 21st. Rosenblatt Securities raised their price target on shares of Walt Disney from $129.00 to $137.00 and gave the stock a buy rating in a report on Tuesday, April 2nd. Finally, Argus lifted their price target on shares of Walt Disney from $125.00 to $140.00 and gave the company a buy rating in a research note on Wednesday, April 10th. One analyst has rated the stock with a sell rating, three have given a hold rating and twenty-three have issued a buy rating to the company. According to data from MarketBeat, Walt Disney currently has an average rating of Moderate Buy and a consensus target price of $126.44.

Walt Disney Stock Performance

Shares of DIS stock opened at $98.61 on Tuesday. The stock has a market capitalization of $179.77 billion, a PE ratio of 107.19, a PEG ratio of 1.22 and a beta of 1.40. The business’s 50 day simple moving average is $103.86 and its 200 day simple moving average is $104.76. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.75 and a quick ratio of 0.69. Walt Disney has a one year low of $78.73 and a one year high of $123.74.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Tuesday, May 7th. The entertainment giant reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. Walt Disney had a net margin of 1.90% and a return on equity of 8.37%. The company had revenue of $22.08 billion for the quarter, compared to analyst estimates of $22.12 billion. During the same period in the prior year, the firm posted $0.93 EPS. The company’s quarterly revenue was up 1.2% on a year-over-year basis. As a group, research analysts forecast that Walt Disney will post 4.75 earnings per share for the current year.

Insider Activity at Walt Disney

In other Walt Disney news, EVP Sonia L. Coleman sold 4,400 shares of Walt Disney stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $106.00, for a total transaction of $466,400.00. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Walt Disney news, EVP Sonia L. Coleman sold 4,400 shares of the stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $106.00, for a total value of $466,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James P. Gorman bought 20,000 shares of the company’s stock in a transaction on Wednesday, May 8th. The shares were purchased at an average cost of $106.03 per share, for a total transaction of $2,120,600.00. Following the transaction, the director now owns 20,467 shares in the company, valued at $2,170,116.01. The disclosure for this purchase can be found here. 0.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings 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 worth $18,815,185,000 after buying an additional 2,325,582 shares during the last quarter. Morgan Stanley grew its position in shares of Walt Disney by 0.4% during the 3rd quarter. Morgan Stanley now owns 44,318,444 shares of the entertainment giant’s stock valued at $3,592,010,000 after acquiring an additional 195,512 shares during the period. Norges Bank bought a new position in shares of Walt Disney during the 4th quarter valued at approximately $1,938,647,000. Jennison Associates LLC purchased a new stake in shares of Walt Disney during the 1st quarter worth approximately $1,490,492,000. Finally, Price T Rowe Associates Inc. MD raised its holdings 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 worth $1,473,252,000 after purchasing an additional 293,482 shares during the period. Institutional investors 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.