Walt Disney (NYSE:DIS) had its price objective increased by Morgan Stanley from $130.00 to $135.00 in a research note issued to investors on Monday morning. They currently have an overweight rating on the entertainment giant’s stock.

A number of other equities research analysts have also weighed in on the stock. Zacks Investment Research upgraded shares of Walt Disney from a sell rating to a hold rating in a research note on Monday, September 10th. Pivotal Research reiterated a sell rating and set a $95.00 target price on shares of Walt Disney in a research note on Sunday, September 23rd. B. Riley decreased their target price on shares of Walt Disney from $123.00 to $121.00 and set a buy rating for the company in a research note on Wednesday, August 8th. Bank of America set a $144.00 target price on shares of Walt Disney and gave the company a buy rating in a research note on Wednesday, August 8th. Finally, Credit Suisse Group started coverage on shares of Walt Disney in a research note on Tuesday, July 10th. They set a neutral rating and a $114.00 target price for the company. One analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have given a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus price target of $119.77.

Shares of DIS opened at $117.13 on Monday. The firm has a market cap of $173.92 billion, a price-to-earnings ratio of 20.55, a P/E/G ratio of 1.55 and a beta of 1.29. The company has a quick ratio of 0.81, a current ratio of 0.88 and a debt-to-equity ratio of 0.35. Walt Disney has a 1-year low of $96.89 and a 1-year high of $118.10.

Walt Disney (NYSE:DIS) last announced its earnings results on Tuesday, August 7th. The entertainment giant reported $1.87 earnings per share for the quarter, missing analysts’ consensus estimates of $1.97 by ($0.10). The company had revenue of $15.23 billion for the quarter, compared to analysts’ expectations of $15.49 billion. Walt Disney had a net margin of 20.76% and a return on equity of 21.37%. During the same quarter in the prior year, the firm posted $1.58 earnings per share. Sell-side analysts expect that Walt Disney will post 6.92 earnings per share for the current year.

In other news, EVP Brent Woodford sold 843 shares of the business’s stock in a transaction on Wednesday, August 1st. The shares were sold at an average price of $113.56, for a total transaction of $95,731.08. Following the completion of the sale, the executive vice president now owns 27,650 shares of the company’s stock, valued at approximately $3,139,934. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman Robert A. Iger sold 437,679 shares of the company’s stock in a transaction on Monday, August 6th. The stock was sold at an average price of $115.00, for a total transaction of $50,333,085.00. Following the completion of the transaction, the chairman now directly owns 1,498,871 shares of the company’s stock, valued at approximately $172,370,165. The disclosure for this sale can be found here. In the last three months, insiders have sold 599,701 shares of company stock valued at $69,049,384. Insiders own 0.38% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. Carret Asset Management LLC boosted its holdings in shares of Walt Disney by 0.5% during the 2nd quarter. Carret Asset Management LLC now owns 91,493 shares of the entertainment giant’s stock valued at $9,589,000 after purchasing an additional 450 shares during the last quarter. Beaton Management Co. Inc. boosted its holdings in shares of Walt Disney by 1.9% during the 2nd quarter. Beaton Management Co. Inc. now owns 24,339 shares of the entertainment giant’s stock valued at $2,551,000 after purchasing an additional 450 shares during the last quarter. Fairfield Bush & CO. boosted its holdings in shares of Walt Disney by 2.3% during the 2nd quarter. Fairfield Bush & CO. now owns 19,740 shares of the entertainment giant’s stock valued at $2,069,000 after purchasing an additional 450 shares during the last quarter. Wealth Architects LLC boosted its holdings in shares of Walt Disney by 18.0% during the 3rd quarter. Wealth Architects LLC now owns 2,968 shares of the entertainment giant’s stock valued at $347,000 after purchasing an additional 452 shares during the last quarter. Finally, Folger Nolan Fleming Douglas Capital Management Inc. raised its position in shares of Walt Disney by 0.8% during the 2nd quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 56,452 shares of the entertainment giant’s stock valued at $5,916,000 after buying an additional 455 shares in the last quarter. 63.04% of the stock is owned by institutional investors.

About Walt Disney

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming services under the brand ESPN, Disney, and Freeform; broadcast businesses, which include the ABC TV Network and eight owned television stations; radio businesses consisting of the ESPN Radio network; and the Radio Disney network.

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Analyst Recommendations for Walt Disney (NYSE:DIS)

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