Walt Disney (NYSE:DIS) Research Coverage Started at Piper Sandler

Piper Sandler began coverage on shares of Walt Disney (NYSE:DIS) in a research note issued to investors on Wednesday, Marketbeat.com reports. The firm issued a neutral rating and a $95.00 price target on the entertainment giant’s stock.

Several other research firms have also recently issued reports on DIS. Wells Fargo & Company cut their target price on Walt Disney from $136.00 to $116.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Deutsche Bank Aktiengesellschaft cut their price objective on Walt Disney from $130.00 to $115.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Moffett Nathanson decreased their target price on shares of Walt Disney from $130.00 to $125.00 and set a “buy” rating on the stock in a research report on Tuesday, July 2nd. UBS Group lowered 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. Finally, Needham & Company LLC reissued a “buy” rating and issued a $110.00 price target on shares of Walt Disney in a research note on Thursday, September 26th. Five research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Walt Disney has an average rating of “Moderate Buy” and a consensus price target of $118.05.

Walt Disney Stock Up 0.8 %

NYSE DIS opened at $97.28 on Wednesday. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.38. Walt Disney has a 52 week low of $79.23 and a 52 week high of $123.74. The business’s fifty day simple moving average is $91.72 and its 200-day simple moving average is $98.89. The firm has a market cap of $177.35 billion, a PE ratio of 105.74, a P/E/G ratio of 1.49 and a beta of 1.40.

Walt Disney (NYSE:DIS) last issued its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.19. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The company had revenue of $23.20 billion for the quarter, compared to the consensus estimate of $23.08 billion. During the same period in the previous year, the firm earned $1.03 earnings per share. Walt Disney’s quarterly revenue was up 3.9% compared to the same quarter last year. As a group, equities analysts anticipate that Walt Disney will post 4.92 earnings per share for the current year.

Insider Activity

In other Walt Disney news, Director Calvin Mcdonald purchased 11,756 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was bought at an average cost of $85.06 per share, with a total value of $999,965.36. Following the acquisition, the director now directly owns 22,313 shares of the company’s stock, valued at approximately $1,897,943.78. This represents a 100.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.10% of the company’s stock.

Institutional Trading of Walt Disney

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DIS. Vaughan Nelson Investment Management L.P. raised its stake in Walt Disney by 84.6% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 2,000,267 shares of the entertainment giant’s stock worth $244,754,000 after acquiring an additional 916,772 shares in the last quarter. Jennison Associates LLC purchased a new stake in shares of Walt Disney in the 1st quarter valued at about $1,490,492,000. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Walt Disney by 4.2% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 556,658 shares of the entertainment giant’s stock valued at $68,113,000 after purchasing an additional 22,568 shares during the period. Rheos Capital Works Inc. grew its stake in Walt Disney by 41.3% during the 1st quarter. Rheos Capital Works Inc. now owns 175,900 shares of the entertainment giant’s stock worth $21,523,000 after buying an additional 51,400 shares during the last quarter. Finally, Nordea Investment Management AB increased its position in Walt Disney by 555.9% during the first quarter. Nordea Investment Management AB now owns 956,788 shares of the entertainment giant’s stock worth $117,599,000 after buying an additional 810,923 shares during the period. Institutional investors and hedge funds 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.