Walt Disney (NYSE:DIS) Stock Price Up 3% After Analyst Upgrade

Shares of The Walt Disney Company (NYSE:DIS) rose 3% on Friday after Needham & Company LLC raised their price target on the stock from $110.00 to $130.00. Needham & Company LLC currently has a buy rating on the stock. Walt Disney traded as high as $112.76 and last traded at $112.44. Approximately 5,048,202 shares changed hands during mid-day trading, a decline of 54% from the average daily volume of 10,883,752 shares. The stock had previously closed at $109.12.

A number of other equities analysts have also weighed in on the company. Morgan Stanley upped their target price on Walt Disney from $110.00 to $125.00 and gave the stock an “overweight” rating in a research report on Friday. Raymond James restated a “market perform” rating on shares of Walt Disney in a report on Tuesday, October 1st. Macquarie lifted their price objective on shares of Walt Disney from $91.00 to $110.00 and gave the company a “neutral” rating in a report on Friday. Evercore ISI upped their target price on shares of Walt Disney from $105.00 to $128.00 and gave the stock an “outperform” rating in a report on Tuesday. Finally, Wells Fargo & Company lifted their price target on Walt Disney from $116.00 to $138.00 and gave the company an “overweight” rating in a research note on Friday. Five research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Walt Disney has an average rating of “Moderate Buy” and an average target price of $123.57.

Hedge Funds Weigh In On Walt Disney

Large investors have recently modified their holdings of the business. Concurrent Investment Advisors LLC grew its stake in Walt Disney by 8.4% during the third quarter. Concurrent Investment Advisors LLC now owns 66,744 shares of the entertainment giant’s stock valued at $6,420,000 after acquiring an additional 5,184 shares in the last quarter. Summit Global Investments increased its holdings in shares of Walt Disney by 476.0% in the third quarter. Summit Global Investments now owns 12,379 shares of the entertainment giant’s stock worth $1,191,000 after purchasing an additional 10,230 shares during the period. Lmcg Investments LLC grew its position in Walt Disney by 18.6% during the third quarter. Lmcg Investments LLC now owns 147,353 shares of the entertainment giant’s stock worth $14,174,000 after buying an additional 23,116 shares in the last quarter. American Assets Inc. bought a new position in Walt Disney in the 3rd quarter worth about $962,000. Finally, ICICI Prudential Asset Management Co Ltd raised its holdings in shares of Walt Disney by 92.0% in the 3rd quarter. ICICI Prudential Asset Management Co Ltd now owns 92,938 shares of the entertainment giant’s stock valued at $8,940,000 after acquiring an additional 44,535 shares in the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Trading Up 5.4 %

The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.66 and a current ratio of 0.72. The stock has a 50-day moving average price of $95.03 and a 200-day moving average price of $96.77. The stock has a market cap of $208.67 billion, a P/E ratio of 44.18, a P/E/G ratio of 1.67 and a beta of 1.40.

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.