Walt Disney (NYSE:DIS) Stock Price Expected to Rise, TD Cowen Analyst Says

Walt Disney (NYSE:DIS) had its price objective increased by TD Cowen from $108.00 to $123.00 in a research note issued to investors on Friday morning,Benzinga reports. The firm currently has a hold rating on the entertainment giant’s stock.

DIS has been the topic of several other research reports. Needham & Company LLC reiterated a “buy” rating and set a $110.00 price objective on shares of Walt Disney in a research note on Wednesday, October 23rd. Loop Capital increased their price objective on shares of Walt Disney from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday. Sanford C. Bernstein increased their price objective on shares of Walt Disney from $115.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Walt Disney from $115.00 to $131.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Guggenheim increased their price objective on shares of Walt Disney from $110.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday. Five investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $123.83.

Walt Disney Stock Performance

Shares of Walt Disney stock opened at $113.55 on Friday. The firm has a market cap of $205.93 billion, a PE ratio of 41.90, a price-to-earnings-growth ratio of 1.87 and a beta of 1.40. The firm’s 50-day simple moving average is $96.07 and its 200-day simple moving average is $96.60. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.66 and a current ratio of 0.73. Walt Disney has a 1 year low of $83.91 and a 1 year high of $123.74.

Institutional Trading of Walt Disney

A number of large investors have recently added to or reduced their stakes in DIS. ESL Trust Services LLC bought a new stake in Walt Disney during the first quarter worth approximately $31,000. William B. Walkup & Associates Inc. purchased a new stake in shares of Walt Disney in the 2nd quarter valued at approximately $32,000. Mascoma Wealth Management LLC lifted its position in shares of Walt Disney by 38.0% in the 2nd quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock valued at $44,000 after acquiring an additional 122 shares in the last quarter. First PREMIER Bank lifted its position in shares of Walt Disney by 98.1% in the 3rd quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock valued at $50,000 after acquiring an additional 256 shares in the last quarter. Finally, FSA Wealth Management LLC purchased a new stake in shares of Walt Disney in the 3rd quarter valued at approximately $51,000. 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.