Walt Disney (NYSE:DIS) PT Lowered to $101.00 at Raymond James

Walt Disney (NYSE:DIS) had its price objective trimmed by Raymond James from $123.00 to $101.00 in a report published on Thursday, Benzinga reports. The brokerage currently has an outperform rating on the entertainment giant’s stock.

DIS has been the subject of several other reports. JPMorgan Chase & Co. reduced their price objective on Walt Disney from $135.00 to $125.00 and set an overweight rating for the company in a report on Thursday. Redburn Atlantic upgraded Walt Disney from a sell rating to a neutral rating and set a $100.00 price target for the company in a research report on Tuesday, May 21st. Wells Fargo & Company reduced their target price on Walt Disney from $136.00 to $116.00 and set an overweight rating for the company in a report on Thursday. Needham & Company LLC lowered their target price on shares of Walt Disney from $145.00 to $110.00 and set a buy rating on the stock in a research note on Thursday. Finally, Argus lifted their price objective on Walt Disney from $125.00 to $140.00 and gave the company a buy rating in a research note on Wednesday, April 10th. Three research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average target price of $118.75.

Walt Disney Stock Down 0.2 %

Shares of NYSE DIS traded down $0.13 during midday trading on Thursday, hitting $86.08. 2,983,826 shares of the stock traded hands, compared to its average volume of 11,622,875. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.69 and a current ratio of 0.75. Walt Disney has a one year low of $78.73 and a one year high of $123.74. The business has a 50 day moving average price of $96.90 and a two-hundred day moving average price of $105.21. The company has a market cap of $156.93 billion, a PE ratio of 93.57, a P/E/G ratio of 1.15 and a beta of 1.40.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.19. Walt Disney had a net margin of 1.90% and a return on equity of 8.37%. The business had revenue of $23.20 billion during the quarter, compared to analyst estimates of $23.08 billion. During the same quarter in the previous year, the business posted $1.03 EPS. Walt Disney’s quarterly revenue was up 3.9% on a year-over-year basis. On average, equities analysts predict that Walt Disney will post 4.77 EPS for the current year.

Insider Activity at Walt Disney

In other Walt Disney news, Director Calvin Mcdonald bought 11,756 shares of Walt Disney stock in a transaction dated Thursday, August 8th. The shares were purchased at an average cost of $85.06 per share, with a total value of $999,965.36. Following the transaction, the director now directly owns 22,313 shares of the company’s stock, valued at $1,897,943.78. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Walt Disney

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Mcdonald Partners LLC raised its holdings in shares of Walt Disney by 0.5% during the first quarter. Mcdonald Partners LLC now owns 17,975 shares of the entertainment giant’s stock valued at $2,199,000 after purchasing an additional 88 shares during the last quarter. McKinley Carter Wealth Services Inc. raised its stake in Walt Disney by 1.5% during the 1st quarter. McKinley Carter Wealth Services Inc. now owns 5,894 shares of the entertainment giant’s stock valued at $721,000 after buying an additional 89 shares during the last quarter. Sendero Wealth Management LLC lifted its holdings in shares of Walt Disney by 2.0% during the 1st quarter. Sendero Wealth Management LLC now owns 4,649 shares of the entertainment giant’s stock valued at $569,000 after buying an additional 89 shares during the period. Pflug Koory LLC boosted its stake in shares of Walt Disney by 1.0% in the 1st quarter. Pflug Koory LLC now owns 8,993 shares of the entertainment giant’s stock worth $1,100,000 after buying an additional 91 shares during the last quarter. Finally, Regent Peak Wealth Advisors LLC grew its holdings in shares of Walt Disney by 3.5% in the first quarter. Regent Peak Wealth Advisors LLC now owns 2,801 shares of the entertainment giant’s stock worth $343,000 after acquiring an additional 94 shares during the period. 65.71% of the stock is owned by institutional investors.

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.