Walt Disney (NYSE:DIS) Trading 2.4% Higher - What's Next?

The Walt Disney Company (NYSE:DIS - Get Free Report)'s share price rose 2.4% during trading on Tuesday . The stock traded as high as $85.76 and last traded at $86.01. Approximately 1,625,520 shares were traded during mid-day trading, a decline of 84% from the average daily volume of 10,018,261 shares. The stock had previously closed at $84.00.

Wall Street Analysts Forecast Growth

DIS has been the topic of several research analyst reports. Rosenblatt Securities reiterated a "buy" rating and issued a $135.00 price objective on shares of Walt Disney in a report on Monday, February 10th. Barclays dropped their price objective on Walt Disney from $125.00 to $115.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Loop Capital upped their price objective on Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a research report on Tuesday, March 4th. Redburn Atlantic raised shares of Walt Disney from a "neutral" rating to a "buy" rating and increased their price objective for the company from $100.00 to $147.00 in a research report on Tuesday, January 7th. Finally, Wolfe Research upgraded shares of Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price target on the stock in a research note on Monday. Six equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Walt Disney currently has an average rating of "Moderate Buy" and an average target price of $123.75.

Walt Disney Price Performance

The stock's 50-day moving average price is $97.80 and its 200-day moving average price is $104.20. The company has a market capitalization of $159.20 billion, a price-to-earnings ratio of 28.40, a price-to-earnings-growth ratio of 1.80 and a beta of 1.44. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36.

Walt Disney (NYSE:DIS - Get Free Report) last issued its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 EPS for the quarter, beating the consensus estimate of $1.44 by $0.32. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. Equities research analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current year.

Institutional Investors Weigh In On Walt Disney

A number of large investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC boosted its holdings in shares of Walt Disney by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 38,482,309 shares of the entertainment giant's stock valued at $4,272,590,000 after purchasing an additional 809,989 shares in the last quarter. Northern Trust Corp boosted its holdings in Walt Disney by 10.4% in the fourth quarter. Northern Trust Corp now owns 22,242,415 shares of the entertainment giant's stock valued at $2,476,693,000 after acquiring an additional 2,096,431 shares during the last quarter. Norges Bank bought a new position in Walt Disney during the fourth quarter worth $2,415,427,000. Jennison Associates LLC boosted its position in shares of Walt Disney by 23.4% during the 4th quarter. Jennison Associates LLC now owns 19,197,463 shares of the entertainment giant's stock valued at $2,137,637,000 after purchasing an additional 3,636,742 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Walt Disney by 15.5% during the 4th quarter. Bank of New York Mellon Corp now owns 17,104,295 shares of the entertainment giant's stock worth $1,904,563,000 after buying an additional 2,300,912 shares in the last quarter. Institutional investors 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.

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