Walt Disney (NYSE:DIS) Rating Reiterated by Needham & Company LLC

Walt Disney (NYSE:DIS)‘s stock had its “buy” rating reiterated by Needham & Company LLC in a report issued on Thursday, Benzinga reports. They currently have a $110.00 target price on the entertainment giant’s stock. Needham & Company LLC’s target price indicates a potential upside of 14.55% from the company’s previous close.

A number of other analysts have also recently weighed in on the company. Loop Capital reduced their price target on Walt Disney from $139.00 to $130.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft decreased their target price on Walt Disney from $130.00 to $115.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Evercore ISI lowered their price target on Walt Disney from $128.00 to $105.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. JPMorgan Chase & Co. reduced their price objective on shares of 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, Moffett Nathanson lowered their target price on shares of Walt Disney from $130.00 to $125.00 and set a “buy” rating on the stock in a research note on Tuesday, July 2nd. Three analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $118.43.

Walt Disney Trading Up 0.9 %

Shares of NYSE DIS opened at $96.03 on Thursday. The business has a 50 day simple moving average of $90.40 and a 200 day simple moving average of $101.38. Walt Disney has a 52 week low of $78.73 and a 52 week high of $123.74. The stock has a market cap of $175.07 billion, a price-to-earnings ratio of 104.38, a PEG ratio of 1.53 and a beta of 1.40. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.66 and a current ratio of 0.72.

Walt Disney (NYSE:DIS) last posted its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 EPS for the quarter, topping the consensus estimate of $1.20 by $0.19. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The company had revenue of $23.20 billion during the quarter, compared to the consensus estimate of $23.08 billion. During the same period in the previous year, the firm posted $1.03 earnings per share. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. On average, research analysts predict that Walt Disney will post 4.92 earnings per share for the current fiscal year.

Insider Activity

In other Walt Disney news, Director Calvin Mcdonald bought 11,756 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were acquired at an average price of $85.06 per share, with a total value of $999,965.36. Following the completion of the purchase, the director now directly owns 22,313 shares in the company, valued at approximately $1,897,943.78. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.10% of the company’s stock.

Institutional Investors Weigh In On Walt Disney

Several large investors have recently modified their holdings of DIS. Gold Investment Management Ltd. bought a new stake in Walt Disney in the fourth quarter valued at $28,000. ESL Trust Services LLC acquired a new stake in shares of Walt Disney in the 1st quarter valued at $31,000. William B. Walkup & Associates Inc. bought a new stake in shares of Walt Disney in the 2nd quarter worth about $32,000. Frank Rimerman Advisors LLC acquired a new stake in shares of Walt Disney during the 4th quarter worth about $37,000. Finally, Mascoma Wealth Management LLC lifted its holdings in 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. 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.