Rosenblatt Securities Issues Positive Forecast for Walt Disney (NYSE:DIS) Stock Price

Walt Disney (NYSE:DIS) had its price target hoisted by Rosenblatt Securities from $140.00 to $141.00 in a research note released on Monday,Benzinga reports. The brokerage currently has a buy rating on the entertainment giant’s stock.

Other analysts also recently issued reports about the stock. UBS Group boosted their target price on shares of Walt Disney from $120.00 to $138.00 and gave the company a “buy” rating in a research note on Wednesday, July 16th. Guggenheim boosted their target price on shares of Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, June 27th. Evercore ISI boosted their target price on shares of Walt Disney from $134.00 to $140.00 and gave the company an “outperform” rating in a research note on Monday, August 4th. Barclays boosted their target price on shares of Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a research note on Wednesday, July 9th. Finally, Wall Street Zen downgraded shares of Walt Disney from a “strong-buy” rating to a “buy” rating in a research note on Sunday, July 20th. Eight research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $131.18.

Walt Disney Price Performance

NYSE DIS opened at $116.74 on Monday. The stock has a market capitalization of $209.89 billion, a P/E ratio of 18.30, a P/E/G ratio of 1.64 and a beta of 1.56. Walt Disney has a 1 year low of $80.10 and a 1 year high of $124.69. The business’s fifty day moving average is $119.22 and its two-hundred day moving average is $108.08. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 0.72.

Walt Disney (NYSE:DIS) last announced its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.16. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The company had revenue of $23.65 billion for the quarter, compared to the consensus estimate of $23.69 billion. During the same period in the previous year, the business earned $1.39 EPS. The company’s revenue was up 2.1% on a year-over-year basis. On average, research analysts forecast that Walt Disney will post 5.47 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Walt Disney

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. DiNuzzo Private Wealth Inc. boosted its position in shares of Walt Disney by 82.5% during the second quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock worth $26,000 after purchasing an additional 94 shares in the last quarter. Mpwm Advisory Solutions LLC acquired a new stake in shares of Walt Disney during the fourth quarter worth $27,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Walt Disney during the first quarter worth $26,000. Kessler Investment Group LLC raised its holdings in shares of Walt Disney by 274.0% during the first quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant’s stock worth $27,000 after acquiring an additional 200 shares during the period. Finally, Harbor Asset Planning Inc. acquired a new stake in shares of Walt Disney during the second quarter worth $37,000. 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.