Walt Disney (NYSE:DIS) Earns Buy Rating from Needham & Company LLC

Walt Disney (NYSE:DIS - Get Free Report)'s stock had its "buy" rating restated by Needham & Company LLC in a report issued on Wednesday, Benzinga reports. They currently have a $110.00 price objective on the entertainment giant's stock. Needham & Company LLC's price target points to a potential upside of 14.30% from the company's previous close.

Other analysts have also recently issued reports about the stock. Piper Sandler assumed coverage on shares of Walt Disney in a report on Wednesday, October 16th. They set a "neutral" rating and a $95.00 price objective for the company. Evercore ISI lowered their price target on Walt Disney from $128.00 to $105.00 and set an "outperform" rating on the stock in a research report on Thursday, August 8th. Bank of America dropped their price objective on Walt Disney from $145.00 to $120.00 and set a "buy" rating on the stock in a research note on Thursday, August 8th. The Goldman Sachs Group assumed coverage on Walt Disney in a research note on Tuesday, June 25th. They set a "buy" rating and a $125.00 target price for the company. Finally, Wells Fargo & Company dropped their price target on Walt Disney from $136.00 to $116.00 and set an "overweight" rating on the stock in a research report on Thursday, August 8th. Five research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Walt Disney has an average rating of "Moderate Buy" and a consensus price target of $118.05.

Walt Disney Stock Down 0.5 %

Shares of DIS stock traded down $0.50 on Wednesday, hitting $96.24. The company's stock had a trading volume of 5,370,519 shares, compared to its average volume of 10,913,613. Walt Disney has a fifty-two week low of $79.23 and a fifty-two week high of $123.74. The firm's fifty day moving average price is $92.36 and its 200-day moving average price is $98.44. 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 stock has a market capitalization of $175.45 billion, a price-to-earnings ratio of 104.61, a P/E/G ratio of 1.49 and a beta of 1.40.

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

Insider Activity

In related news, Director Calvin Mcdonald bought 11,756 shares of the business's stock in a transaction that occurred on Thursday, August 8th. The stock was acquired 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 of the company's stock, valued at $1,897,943.78. This represents a 100.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.10% of the company's stock.

Institutional Investors Weigh In On Walt Disney

A number of hedge funds have recently made changes to their positions in the company. Sendero Wealth Management LLC grew its stake in Walt Disney by 2.0% during the first quarter. Sendero Wealth Management LLC now owns 4,649 shares of the entertainment giant's stock worth $569,000 after buying an additional 89 shares during the last quarter. Regent Peak Wealth Advisors LLC increased its holdings in Walt Disney by 3.5% during the 1st quarter. Regent Peak Wealth Advisors LLC now owns 2,801 shares of the entertainment giant's stock valued at $343,000 after purchasing an additional 94 shares in the last quarter. Horizon Bancorp Inc. IN raised its position in Walt Disney by 6.1% in the 1st quarter. Horizon Bancorp Inc. IN now owns 1,674 shares of the entertainment giant's stock valued at $205,000 after purchasing an additional 96 shares during the last quarter. KFA Private Wealth Group LLC boosted its stake in Walt Disney by 4.1% in the first quarter. KFA Private Wealth Group LLC now owns 2,691 shares of the entertainment giant's stock worth $329,000 after purchasing an additional 106 shares in the last quarter. Finally, Transcendent Capital Group LLC grew its holdings in shares of Walt Disney by 1.4% during the first quarter. Transcendent Capital Group LLC now owns 7,912 shares of the entertainment giant's stock worth $968,000 after purchasing an additional 108 shares during the last quarter. 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.