Sanford C. Bernstein Raises Walt Disney (NYSE:DIS) Price Target to $120.00

Walt Disney (NYSE:DIS) had its price target raised by equities research analysts at Sanford C. Bernstein from $115.00 to $120.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the entertainment giant’s stock. Sanford C. Bernstein’s price objective would indicate a potential upside of 9.96% from the company’s previous close.

DIS has been the subject of a number of other reports. Bank of America cut their target price on Walt Disney from $145.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Evercore ISI raised their price objective on shares of Walt Disney from $105.00 to $128.00 and gave the company an “outperform” rating in a research report on Tuesday. Needham & Company LLC reaffirmed a “buy” rating and issued a $110.00 price objective on shares of Walt Disney in a research note on Wednesday, October 23rd. Piper Sandler began coverage on shares of Walt Disney in a research note on Wednesday, October 16th. They set a “neutral” rating and a $95.00 target price for the company. Finally, Loop Capital decreased their price target on shares of Walt Disney from $139.00 to $130.00 and set a “buy” rating on the stock in a research report on Tuesday, July 30th. Four research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $122.68.

Walt Disney Stock Performance

DIS stock opened at $109.13 on Friday. The company has a 50-day simple moving average of $94.62 and a 200 day simple moving average of $96.69. The company has a market capitalization of $197.92 billion, a P/E ratio of 41.97, a PEG ratio of 1.67 and a beta of 1.40. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.38. Walt Disney has a fifty-two week low of $83.91 and a fifty-two week high of $123.74.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Concurrent Investment Advisors LLC increased its stake in 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 purchasing an additional 5,184 shares in the last quarter. Summit Global Investments boosted its holdings in shares of Walt Disney by 476.0% in the third quarter. Summit Global Investments now owns 12,379 shares of the entertainment giant’s stock valued at $1,191,000 after buying an additional 10,230 shares during the period. Lmcg Investments LLC lifted its position in Walt Disney by 18.6% in the 3rd quarter. Lmcg Investments LLC now owns 147,353 shares of the entertainment giant’s stock valued at $14,174,000 after acquiring an additional 23,116 shares in the last quarter. American Assets Inc. acquired a new stake in shares of Walt Disney in the 3rd quarter valued at about $962,000. Finally, ICICI Prudential Asset Management Co Ltd grew its holdings in shares of Walt Disney by 92.0% during the third quarter. ICICI Prudential Asset Management Co Ltd now owns 92,938 shares of the entertainment giant’s stock worth $8,940,000 after buying an additional 44,535 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors.

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.