Wells Fargo & Company Has Lowered Expectations for Walt Disney (NYSE:DIS) Stock Price

Walt Disney (NYSE:DIS) had its target price decreased by equities research analysts at Wells Fargo & Company from $159.00 to $152.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has an “overweight” rating on the entertainment giant’s stock. Wells Fargo & Company‘s price objective points to a potential upside of 43.56% from the company’s previous close.

DIS has been the topic of several other research reports. Morgan Stanley upped their price objective on Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a research note on Monday, August 4th. Needham & Company LLC reissued a “buy” rating and issued a $125.00 price objective on shares of Walt Disney in a research note on Thursday. Stephens reaffirmed a “buy” rating on shares of Walt Disney in a report on Monday, August 11th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Walt Disney in a research report on Wednesday, October 8th. Finally, Arete Research upgraded Walt Disney to a “strong sell” rating in a report on Tuesday, October 28th. Nineteen investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $133.67.

Walt Disney Trading Down 1.6%

Walt Disney stock traded down $1.73 during mid-day trading on Friday, hitting $105.88. The stock had a trading volume of 6,586,830 shares, compared to its average volume of 9,427,617. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $190.37 billion, a PE ratio of 16.65, a P/E/G ratio of 1.45 and a beta of 1.55. The stock has a 50-day simple moving average of $113.03 and a two-hundred day simple moving average of $114.30. Walt Disney has a 12 month low of $80.10 and a 12 month high of $124.69.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Thursday, November 13th. The entertainment giant reported $1.11 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.08. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The company had revenue of $22.46 billion during the quarter, compared to analysts’ expectations of $22.78 billion. During the same period in the prior year, the business posted $1.14 EPS. Walt Disney’s revenue was down .5% on a year-over-year basis. As a group, sell-side analysts forecast that Walt Disney will post 5.47 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Bridgeway Capital Management LLC boosted its stake in Walt Disney by 21.1% during the third quarter. Bridgeway Capital Management LLC now owns 199,953 shares of the entertainment giant’s stock valued at $22,895,000 after buying an additional 34,817 shares during the period. Vident Advisory LLC lifted its stake in Walt Disney by 33.5% in the third quarter. Vident Advisory LLC now owns 30,248 shares of the entertainment giant’s stock worth $3,463,000 after purchasing an additional 7,593 shares during the last quarter. Ossiam grew its position in Walt Disney by 674.6% during the 3rd quarter. Ossiam now owns 341,470 shares of the entertainment giant’s stock worth $39,098,000 after acquiring an additional 297,388 shares during the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA raised its holdings in Walt Disney by 180.7% during the 3rd quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 5,810 shares of the entertainment giant’s stock valued at $665,000 after buying an additional 3,740 shares during the last quarter. Finally, NorthRock Partners LLC boosted its holdings in shares of Walt Disney by 21.7% during the third quarter. NorthRock Partners LLC now owns 36,405 shares of the entertainment giant’s stock worth $4,168,000 after purchasing an additional 6,499 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.