Walt Disney (NYSE:DIS) Stock Price Expected to Rise, Evercore ISI Analyst Says

Walt Disney (NYSE:DIS) had its price objective boosted by Evercore ISI from $105.00 to $128.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an “outperform” rating on the entertainment giant’s stock. Evercore ISI’s price objective would indicate a potential upside of 26.62% from the stock’s current price.

DIS has been the subject of a number of other research reports. Wells Fargo & Company reduced their price objective on Walt Disney from $136.00 to $116.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. UBS Group lowered their price objective on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Bank of America dropped their target price on Walt Disney from $145.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Barclays decreased their price target on Walt Disney from $130.00 to $105.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Finally, Macquarie dropped their price objective on shares of Walt Disney from $94.00 to $91.00 and set a “neutral” rating on the stock in a research note on Thursday, September 19th. Four analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $119.14.

Walt Disney Price Performance

Shares of DIS opened at $101.09 on Tuesday. Walt Disney has a 1-year low of $83.91 and a 1-year high of $123.74. 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 stock has a market cap of $183.34 billion, a PE ratio of 38.63, a price-to-earnings-growth ratio of 1.58 and a beta of 1.40. The firm has a fifty day moving average price of $94.11 and a 200 day moving average price of $96.73.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of DIS. ESL Trust Services LLC acquired a new position in Walt Disney in the 1st quarter valued at $31,000. William B. Walkup & Associates Inc. purchased a new stake in Walt Disney during the second quarter valued at about $32,000. Mascoma Wealth Management LLC increased its stake in Walt Disney by 38.0% during the second quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock worth $44,000 after acquiring an additional 122 shares during the last quarter. First PREMIER Bank raised its holdings in shares of Walt Disney by 98.1% in the 3rd quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock worth $50,000 after purchasing an additional 256 shares during the period. Finally, Iron Horse Wealth Management LLC lifted its position in Walt Disney by 148.7% during the second quarter. Iron Horse Wealth Management LLC now owns 557 shares of the entertainment giant’s stock valued at $55,000 after buying an additional 333 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

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.