Deutsche Bank Aktiengesellschaft Forecasts Strong Price Appreciation for Walt Disney (NYSE:DIS) Stock

Walt Disney (NYSE:DIS) had its price target boosted by Deutsche Bank Aktiengesellschaft from $115.00 to $131.00 in a research report report published on Friday,Benzinga reports. They currently have a buy rating on the entertainment giant’s stock.

Other research analysts have also issued reports about the company. Evercore ISI raised their target price on Walt Disney from $105.00 to $128.00 and gave the stock an “outperform” rating in a research note on Tuesday. UBS Group decreased their price target on Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Seaport Res Ptn upgraded shares of Walt Disney from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 30th. Morgan Stanley cut their price target on Walt Disney from $130.00 to $110.00 and set an “overweight” rating for the company in a research note on Monday, August 5th. Finally, Loop Capital lowered their price objective on shares of Walt Disney from $139.00 to $130.00 and set a “buy” rating on the stock in a research report on Tuesday, July 30th. Five research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $123.57.

Walt Disney Price Performance

Shares of NYSE:DIS traded up $5.96 during midday trading on Friday, reaching $115.08. 32,048,032 shares of the company’s stock traded hands, compared to its average volume of 11,005,124. The company has a market cap of $208.71 billion, a P/E ratio of 44.25, a PEG ratio of 1.67 and a beta of 1.40. The company has a fifty day simple moving average of $95.57 and a two-hundred day simple moving average of $96.79. 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 has a 1 year low of $83.91 and a 1 year high of $123.74.

Institutional Trading of Walt Disney

Hedge funds have recently added to or reduced their stakes in the business. Smithfield Trust Co increased its stake in shares of Walt Disney by 0.5% during the third quarter. Smithfield Trust Co now owns 18,869 shares of the entertainment giant’s stock valued at $1,809,000 after purchasing an additional 102 shares in the last quarter. Drucker Wealth 3.0 LLC increased its stake in shares of Walt Disney by 0.9% in the 3rd quarter. Drucker Wealth 3.0 LLC now owns 11,657 shares of the entertainment giant’s stock worth $1,121,000 after purchasing an additional 106 shares in the last quarter. Transcendent Capital Group LLC lifted its position in shares of Walt Disney by 1.4% during the 1st quarter. Transcendent Capital Group LLC now owns 7,912 shares of the entertainment giant’s stock valued at $968,000 after buying an additional 108 shares in the last quarter. Connable Office Inc. increased its stake in shares of Walt Disney by 0.3% in the third quarter. Connable Office Inc. now owns 35,048 shares of the entertainment giant’s stock worth $3,371,000 after purchasing an additional 108 shares in the last quarter. Finally, ADE LLC raised its holdings in Walt Disney by 4.6% during the second quarter. ADE LLC now owns 2,509 shares of the entertainment giant’s stock valued at $249,000 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.