Walt Disney (NYSE:DIS) Price Target Raised to $130.00

Walt Disney (NYSE:DIS) had its price objective boosted by Guggenheim from $110.00 to $130.00 in a research note released on Friday morning,Benzinga reports. The firm currently has a buy rating on the entertainment giant’s stock.

Several other equities analysts also recently commented on DIS. Loop Capital upped their price objective on shares of Walt Disney from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Friday. UBS Group decreased their target price on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Bank of America increased their price target on shares of Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a report on Friday. Piper Sandler started coverage on shares of Walt Disney in a report on Wednesday, October 16th. They set a “neutral” rating and a $95.00 price target on the stock. Finally, Sanford C. Bernstein raised their target price on shares of Walt Disney from $115.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday. Five analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $123.83.

Walt Disney Stock Performance

NYSE DIS opened at $113.55 on Friday. The company has a 50-day simple moving average of $96.07 and a two-hundred day simple moving average of $96.60. The company has a quick ratio of 0.66, a current ratio of 0.73 and a debt-to-equity ratio of 0.37. Walt Disney has a 12-month low of $83.91 and a 12-month high of $123.74. The firm has a market cap of $205.93 billion, a price-to-earnings ratio of 41.90, a PEG ratio of 1.87 and a beta of 1.40.

Institutional Trading of Walt Disney

Institutional investors and hedge funds have recently modified their holdings of the company. Concurrent Investment Advisors LLC grew its stake in shares of Walt Disney by 8.4% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 66,744 shares of the entertainment giant’s stock worth $6,420,000 after buying an additional 5,184 shares in the last quarter. Summit Global Investments grew its holdings in Walt Disney by 476.0% during the 3rd quarter. Summit Global Investments now owns 12,379 shares of the entertainment giant’s stock valued at $1,191,000 after purchasing an additional 10,230 shares during the last quarter. Lmcg Investments LLC grew its stake in Walt Disney by 18.6% in the 3rd quarter. Lmcg Investments LLC now owns 147,353 shares of the entertainment giant’s stock worth $14,174,000 after acquiring 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 grew its stake in 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 worth $8,940,000 after acquiring an additional 44,535 shares in the last quarter. 65.71% of the stock is currently 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.