The Walt Disney Company (NYSE:DIS) Receives $125.44 Average Price Target from Analysts

The Walt Disney Company (NYSE:DIS) has earned a consensus recommendation of “Moderate Buy” from the twenty-six analysts that are currently covering the company, MarketBeat reports. Six analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $125.44.

Several equities research analysts have commented on the stock. Needham & Company LLC reissued a “buy” rating and set a $130.00 price target on shares of Walt Disney in a research report on Wednesday, February 5th. TD Cowen upped their target price on Walt Disney from $108.00 to $123.00 and gave the stock a “hold” rating in a report on Friday, November 15th. The Goldman Sachs Group raised their price target on Walt Disney from $137.00 to $139.00 and gave the company a “buy” rating in a research note on Tuesday, February 4th. Sanford C. Bernstein boosted their price target on Walt Disney from $115.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, November 15th. Finally, Bank of America increased their price objective on Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a report on Friday, November 15th.

Walt Disney Stock Up 2.3 %

Shares of Walt Disney stock opened at $113.82 on Monday. The firm has a market cap of $205.77 billion, a PE ratio of 37.08, a P/E/G ratio of 1.80 and a beta of 1.42. The business’s 50 day simple moving average is $110.68 and its 200 day simple moving average is $103.23. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68. Walt Disney has a 52-week low of $83.91 and a 52-week high of $123.74.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.44 by $0.32. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. On average, analysts predict that Walt Disney will post 5.47 earnings per share for the current fiscal year.

Walt Disney Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Thursday, January 16th. Shareholders of record on Monday, December 16th were issued a $0.50 dividend. The ex-dividend date was Monday, December 16th. This represents a yield of 0.6%. This is an increase from Walt Disney’s previous semi-annual dividend of $0.45. Walt Disney’s payout ratio is currently 32.57%.

Insider Transactions at Walt Disney

In other news, EVP Brent Woodford sold 8,000 shares of the company’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $114.74, for a total transaction of $917,920.00. Following the completion of the sale, the executive vice president now directly owns 44,055 shares in the company, valued at approximately $5,054,870.70. This represents a 15.37 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.16% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of DIS. Allspring Global Investments Holdings LLC raised its position in Walt Disney by 4.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 107,880 shares of the entertainment giant’s stock valued at $10,377,000 after purchasing an additional 4,878 shares in the last quarter. GHP Investment Advisors Inc. raised its holdings in shares of Walt Disney by 2.8% during the 3rd quarter. GHP Investment Advisors Inc. now owns 66,531 shares of the entertainment giant’s stock worth $6,400,000 after buying an additional 1,782 shares in the last quarter. Modera Wealth Management LLC lifted its position in shares of Walt Disney by 2.6% during the 3rd quarter. Modera Wealth Management LLC now owns 105,663 shares of the entertainment giant’s stock worth $10,164,000 after buying an additional 2,657 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its stake in Walt Disney by 5.3% in the third quarter. DekaBank Deutsche Girozentrale now owns 1,416,537 shares of the entertainment giant’s stock valued at $135,398,000 after buying an additional 71,908 shares in the last quarter. Finally, Bristlecone Advisors LLC grew its position in Walt Disney by 3.0% in the third quarter. Bristlecone Advisors LLC now owns 42,462 shares of the entertainment giant’s stock valued at $4,084,000 after acquiring an additional 1,233 shares during the last quarter. Institutional investors and hedge funds 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.