Walt Disney (NYSE:DIS) Now Covered by Piper Sandler

Piper Sandler initiated coverage on shares of Walt Disney (NYSE:DIS) in a report issued on Wednesday, Briefing.com reports. The firm set a “neutral” rating and a $95.00 price target on the entertainment giant’s stock. Piper Sandler’s price objective indicates a potential upside of 0.77% from the company’s current price.

DIS has been the subject of a number of other reports. Macquarie dropped their price target on shares of Walt Disney from $94.00 to $91.00 and set a “neutral” rating for the company in a research note on Thursday, September 19th. Needham & Company LLC restated a “buy” rating and set a $110.00 target price on shares of Walt Disney in a research report on Thursday, September 26th. Seaport Res Ptn upgraded Walt Disney from a “hold” rating to a “strong-buy” rating in a report on Monday, September 30th. JPMorgan Chase & Co. decreased their price target 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. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on Walt Disney from $130.00 to $115.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Five analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Walt Disney currently has a consensus rating of “Moderate Buy” and an average price target of $118.05.

Walt Disney Price Performance

NYSE:DIS opened at $94.27 on Wednesday. The firm has a market capitalization of $171.86 billion, a price-to-earnings ratio of 102.47, a PEG ratio of 1.49 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. The business has a 50 day simple moving average of $91.08 and a 200-day simple moving average of $99.26. Walt Disney has a 1 year low of $79.23 and a 1 year high of $123.74.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.19. The company had revenue of $23.20 billion during the quarter, compared to the consensus estimate of $23.08 billion. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. Walt Disney’s revenue was up 3.9% on a year-over-year basis. During the same period last year, the company earned $1.03 earnings per share. Equities analysts forecast that Walt Disney will post 4.92 EPS for the current year.

Insider Buying and Selling

In related news, Director Calvin Mcdonald purchased 11,756 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were acquired at an average cost of $85.06 per share, for a total transaction of $999,965.36. Following the acquisition, the director now owns 22,313 shares of the company’s stock, valued at $1,897,943.78. The trade was a 100.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Walt Disney

A number of institutional investors have recently added to or reduced their stakes in the stock. ESL Trust Services LLC bought a new stake in shares of Walt Disney in the 1st quarter valued at about $31,000. William B. Walkup & Associates Inc. acquired a new position in shares of Walt Disney during the second quarter worth $32,000. Mascoma Wealth Management LLC lifted its holdings in shares of Walt Disney by 38.0% during the 2nd quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock valued at $44,000 after purchasing an additional 122 shares during the last quarter. Red Tortoise LLC grew its stake in Walt Disney by 141.4% during the 1st quarter. Red Tortoise LLC now owns 367 shares of the entertainment giant’s stock worth $45,000 after buying an additional 215 shares during the last quarter. Finally, First PREMIER Bank increased its position in Walt Disney by 98.1% during the 3rd quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock valued at $50,000 after buying an additional 256 shares in the last quarter. Institutional investors own 65.71% of the company’s stock.

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.