Weekly Research Analysts’ Ratings Updates for Walt Disney (DIS)

Walt Disney (NYSE: DIS) recently received a number of ratings updates from brokerages and research firms:

• 10/1/2024 – Walt Disney had its “market perform” rating reaffirmed by analysts at Raymond James.
• 9/30/2024 – Walt Disney was upgraded by analysts at Seaport Res Ptn from a “hold” rating to a “strong-buy” rating.
• 9/26/2024 – Walt Disney had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $110.00 price target on the stock.
• 9/19/2024 – Walt Disney had its price target lowered by analysts at Macquarie from $94.00 to $91.00. They now have a “neutral” rating on the stock.
• 8/12/2024 – Walt Disney had its price target lowered by analysts at Macquarie from $107.00 to $94.00. They now have a “neutral” rating on the stock.

Walt Disney Stock Up 1.2 %

Shares of DIS traded up $1.09 during midday trading on Wednesday, reaching $93.60. 8,650,072 shares of the stock were exchanged, compared to its average volume of 11,090,755. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.38. The company has a market cap of $170.64 billion, a price-to-earnings ratio of 101.74, a P/E/G ratio of 1.53 and a beta of 1.40. The firm has a 50 day simple moving average of $90.76 and a 200-day simple moving average of $100.21. The Walt Disney Company has a 12-month low of $79.23 and a 12-month high of $123.74.

Walt Disney (NYSE:DIS) last announced its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.19. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. The firm had revenue of $23.20 billion during the quarter, compared to analysts’ expectations of $23.08 billion. During the same quarter in the prior year, the business earned $1.03 earnings per share. The company’s revenue was up 3.9% on a year-over-year basis. Research analysts forecast that The Walt Disney Company will post 4.92 EPS for the current year.

Insiders Place Their Bets

In related news, Director Calvin Mcdonald acquired 11,756 shares of the firm’s stock in a transaction on Thursday, August 8th. The shares were bought at an average cost of $85.06 per share, with a total value of $999,965.36. Following the completion of the acquisition, the director now owns 22,313 shares of the company’s stock, valued at $1,897,943.78. This trade represents a 100.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.10% of the company’s stock.

Institutional Investors Weigh In On Walt Disney

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Sei Investments Co. increased its stake in shares of Walt Disney by 10.3% in the 4th quarter. Sei Investments Co. now owns 476,299 shares of the entertainment giant’s stock valued at $43,002,000 after buying an additional 44,621 shares during the period. Cresset Asset Management LLC raised its position in shares of Walt Disney by 4.1% in the 4th quarter. Cresset Asset Management LLC now owns 131,372 shares of the entertainment giant’s stock valued at $11,892,000 after acquiring an additional 5,216 shares during the period. MGO One Seven LLC grew its holdings in shares of Walt Disney by 26.1% in the 4th quarter. MGO One Seven LLC now owns 47,621 shares of the entertainment giant’s stock valued at $4,300,000 after buying an additional 9,865 shares during the period. Icon Wealth Advisors LLC bought a new stake in shares of Walt Disney in the 4th quarter valued at $627,000. Finally, Vista Investment Management raised its stake in Walt Disney by 8.5% during the 4th quarter. Vista Investment Management now owns 13,741 shares of the entertainment giant’s stock worth $1,241,000 after buying an additional 1,072 shares during the period. 65.71% of the stock is owned by institutional investors and hedge funds.

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.