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

Walt Disney (NYSE:DIS) had its price objective increased by Loop Capital from $125.00 to $130.00 in a report released on Tuesday,Benzinga reports. They currently have a buy rating on the entertainment giant’s stock.

DIS has been the subject of several other research reports. The Goldman Sachs Group lifted their price objective on Walt Disney from $137.00 to $139.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft increased their target price on Walt Disney from $115.00 to $131.00 and gave the company a “buy” rating in a report on Friday, November 15th. TD Cowen increased their target price on Walt Disney from $108.00 to $123.00 and gave the company a “hold” rating in a report on Friday, November 15th. Sanford C. Bernstein increased their target price on Walt Disney from $115.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, November 15th. Finally, Evercore ISI increased their target price on Walt Disney from $128.00 to $134.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Six research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $125.64.

Walt Disney Stock Down 3.5 %

DIS stock opened at $108.87 on Tuesday. Walt Disney has a 1-year low of $83.91 and a 1-year high of $123.74. The business has a fifty day moving average price of $110.63 and a 200-day moving average price of $103.80. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62. The stock has a market capitalization of $196.81 billion, a P/E ratio of 35.46, a P/E/G ratio of 1.80 and a beta of 1.42.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.32. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. Equities analysts forecast that Walt Disney will post 5.47 earnings per share for the current fiscal year.

Walt Disney Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Wednesday, July 23rd. Investors of record on Tuesday, June 24th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, June 24th. This represents a dividend yield of 0.6%. This is a boost from Walt Disney’s previous semi-annual dividend of $0.45. Walt Disney’s dividend payout ratio (DPR) is currently 32.57%.

Insider Activity at Walt Disney

In other news, EVP Brent Woodford sold 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $114.74, for a total value of $917,920.00. Following the completion of the sale, the executive vice president now directly owns 44,055 shares of the company’s stock, valued at $5,054,870.70. This trade represents a 15.37 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.16% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Walt Disney

Several institutional investors have recently modified their holdings of the stock. Audent Global Asset Management LLC lifted its stake in shares of Walt Disney by 270.3% during the 4th quarter. Audent Global Asset Management LLC now owns 10,273 shares of the entertainment giant’s stock worth $1,149,000 after acquiring an additional 7,499 shares during the last quarter. Siemens Fonds Invest GmbH increased its holdings in shares of Walt Disney by 5.7% in the 4th quarter. Siemens Fonds Invest GmbH now owns 46,702 shares of the entertainment giant’s stock valued at $5,175,000 after acquiring an additional 2,524 shares during the period. American Investment Services Inc. increased its holdings in shares of Walt Disney by 1.4% in the 4th quarter. American Investment Services Inc. now owns 14,448 shares of the entertainment giant’s stock valued at $1,609,000 after acquiring an additional 200 shares during the period. BridgePort Financial Solutions LLC purchased a new position in shares of Walt Disney in the 4th quarter valued at $650,000. Finally, Park Square Financial Group LLC purchased a new position in Walt Disney during the 4th quarter worth $105,000. 65.71% of the stock is owned by institutional investors.

About Walt Disney

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.