Walt Disney (NYSE:DIS) Price Target Raised to $139.00 at The Goldman Sachs Group

Walt Disney (NYSE:DIS) had its price target lifted by analysts at The Goldman Sachs Group from $137.00 to $139.00 in a research note issued to investors on Tuesday. The firm currently has a “buy” rating on the entertainment giant’s stock. The Goldman Sachs Group’s price target would suggest a potential upside of 23.04% from the stock’s current price.

Several other equities analysts have also recently commented on DIS. TD Cowen boosted their target price on Walt Disney from $108.00 to $123.00 and gave the stock a “hold” rating in a research note on Friday, November 15th. Citigroup reaffirmed a “buy” rating and set a $125.00 target price on shares of Walt Disney in a research note on Wednesday, January 22nd. Wells Fargo & Company raised their price objective on Walt Disney from $116.00 to $138.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Macquarie reaffirmed a “neutral” rating and set a $110.00 target price on shares of Walt Disney in a report on Monday, January 6th. Finally, Bank of America lifted their target price on Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Six equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $125.65.

Walt Disney Trading Down 0.9 %

DIS stock traded down $1.03 during midday trading on Tuesday, reaching $112.97. The stock had a trading volume of 6,325,394 shares, compared to its average volume of 7,360,114. The firm has a market cap of $204.31 billion, a price-to-earnings ratio of 41.70, a PEG ratio of 2.02 and a beta of 1.42. Walt Disney has a twelve month low of $83.91 and a twelve month high of $123.74. The business has a fifty day simple moving average of $112.30 and a two-hundred day simple moving average of $100.77. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 0.37.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Thursday, November 14th. The entertainment giant reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.09 by $0.05. Walt Disney had a return on equity of 9.21% and a net margin of 5.44%. The company had revenue of $22.57 billion for the quarter, compared to analysts’ expectations of $22.49 billion. During the same quarter in the prior year, the business posted $0.82 EPS. The business’s revenue was up 6.3% compared to the same quarter last year. As a group, research analysts expect that Walt Disney will post 5.41 EPS for the current fiscal year.

Insider Activity at Walt Disney

In related news, EVP Brent Woodford sold 5,000 shares of the firm’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $113.62, for a total transaction of $568,100.00. Following the completion of the transaction, the executive vice president now directly owns 44,055 shares of the company’s stock, valued at approximately $5,005,529.10. This trade represents a 10.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Robert A. Iger sold 372,412 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $114.57, for a total transaction of $42,667,242.84. Following the transaction, the chief executive officer now directly owns 226,767 shares of the company’s stock, valued at $25,980,695.19. The trade was a 62.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 385,412 shares of company stock worth $44,153,263. 0.16% of the stock is owned by company insiders.

Institutional Investors Weigh In On Walt Disney

Large investors have recently modified their holdings of the business. FPC Investment Advisory Inc. purchased a new stake in shares of Walt Disney in the fourth quarter worth about $28,000. Midwest Capital Advisors LLC purchased a new stake in Walt Disney during the fourth quarter worth $34,000. Bay Harbor Wealth Management LLC acquired a new stake in Walt Disney during the fourth quarter valued at $35,000. Hager Investment Management Services LLC purchased a new position in Walt Disney in the fourth quarter valued at $43,000. Finally, Cedar Mountain Advisors LLC raised its position in shares of Walt Disney by 38.1% in the fourth quarter. Cedar Mountain Advisors LLC now owns 399 shares of the entertainment giant’s stock worth $44,000 after acquiring an additional 110 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.