Macquarie Cuts Walt Disney (NYSE:DIS) Price Target to $91.00

Walt Disney (NYSE:DIS - Free Report) had its price objective trimmed by Macquarie from $94.00 to $91.00 in a report released on Thursday, Benzinga reports. The firm currently has a neutral rating on the entertainment giant's stock.

Other research analysts have also issued reports about the stock. The Goldman Sachs Group started coverage on shares of Walt Disney in a research note on Tuesday, June 25th. They issued a buy rating and a $125.00 price objective for the company. Bank of America reduced their price target on Walt Disney from $145.00 to $120.00 and set a buy rating for the company in a research report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft dropped their price objective on Walt Disney from $130.00 to $115.00 and set a buy rating on the stock in a report on Thursday, August 8th. Wells Fargo & Company reduced their target price on Walt Disney from $136.00 to $116.00 and set an overweight rating for the company in a report on Thursday, August 8th. Finally, Loop Capital lowered their price target on shares of Walt Disney from $139.00 to $130.00 and set a buy rating on the stock in a report on Tuesday, July 30th. Three investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus target price of $117.82.

Walt Disney Stock Performance

Shares of DIS traded down $0.12 during mid-day trading on Thursday, hitting $93.46. The stock had a trading volume of 10,906,803 shares, compared to its average volume of 11,231,945. Walt Disney has a 52 week low of $78.73 and a 52 week high of $123.74. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.72 and a quick ratio of 0.66. The business has a fifty day moving average price of $90.73 and a 200-day moving average price of $102.10. The firm has a market cap of $170.38 billion, a P/E ratio of 101.59, a PEG ratio of 1.31 and a beta of 1.40.

Walt Disney (NYSE:DIS - Get Free Report) last announced its quarterly earnings data on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.20 by $0.19. The business had revenue of $23.20 billion for the quarter, compared to analysts' expectations of $23.08 billion. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. The firm's quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.03 EPS. On average, equities research analysts expect that Walt Disney will post 4.92 EPS for the current year.

Insider Activity

In other Walt Disney news, Director Calvin Mcdonald bought 11,756 shares of the firm's stock in a transaction that occurred on Thursday, August 8th. The shares were bought at an average price of $85.06 per share, for a total transaction of $999,965.36. Following the transaction, the director now directly owns 22,313 shares in the company, valued at $1,897,943.78. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Walt Disney

Large investors have recently bought and sold shares of the stock. Mcdonald Partners LLC increased its stake in shares of Walt Disney by 0.5% in the first quarter. Mcdonald Partners LLC now owns 17,975 shares of the entertainment giant's stock worth $2,199,000 after buying an additional 88 shares during the period. McKinley Carter Wealth Services Inc. increased its position in shares of Walt Disney by 1.5% in the first quarter. McKinley Carter Wealth Services Inc. now owns 5,894 shares of the entertainment giant's stock valued at $721,000 after acquiring an additional 89 shares during the period. Sendero Wealth Management LLC raised its stake in shares of Walt Disney by 2.0% during the first quarter. Sendero Wealth Management LLC now owns 4,649 shares of the entertainment giant's stock valued at $569,000 after acquiring an additional 89 shares during the last quarter. Pflug Koory LLC raised its stake in shares of Walt Disney by 1.0% during the first quarter. Pflug Koory LLC now owns 8,993 shares of the entertainment giant's stock valued at $1,100,000 after acquiring an additional 91 shares during the last quarter. Finally, Regent Peak Wealth Advisors LLC boosted its holdings in shares of Walt Disney by 3.5% during the first quarter. Regent Peak Wealth Advisors LLC now owns 2,801 shares of the entertainment giant's stock worth $343,000 after purchasing an additional 94 shares during the period. 65.71% of the stock is owned by hedge funds and other 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.