Walt Disney (NYSE:DIS) Stock Price Up 3.1% - Should You Buy?

The Walt Disney Company (NYSE:DIS - Get Free Report)'s share price traded up 3.1% during trading on Wednesday . The stock traded as high as $89.87 and last traded at $88.75. 4,489,650 shares changed hands during trading, a decline of 55% from the average session volume of 10,041,767 shares. The stock had previously closed at $86.09.

Analyst Ratings Changes

DIS has been the subject of several recent research reports. UBS Group lowered their price objective on shares of Walt Disney from $130.00 to $105.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Wolfe Research raised shares of Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price target for the company in a report on Monday. Prescient Securities cut their price objective on shares of Walt Disney from $130.00 to $115.00 and set a "neutral" rating on the stock in a report on Tuesday, February 4th. Morgan Stanley raised their target price on Walt Disney from $125.00 to $130.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Finally, Rosenblatt Securities reiterated a "buy" rating and issued a $135.00 price target on shares of Walt Disney in a research note on Monday, February 10th. Six analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $123.75.

Walt Disney Price Performance

The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36. The company has a market cap of $162.25 billion, a price-to-earnings ratio of 29.25, a P/E/G ratio of 1.80 and a beta of 1.44. The business has a 50-day moving average price of $97.40 and a 200 day moving average price of $104.10.

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

Institutional Investors Weigh In On Walt Disney

Several hedge funds have recently made changes to their positions in the company. Farmers Trust Co. grew its holdings in shares of Walt Disney by 1.1% during the fourth quarter. Farmers Trust Co. now owns 8,483 shares of the entertainment giant's stock valued at $945,000 after buying an additional 92 shares in the last quarter. Pathway Financial Advisors LLC grew its stake in Walt Disney by 2.7% during the 4th quarter. Pathway Financial Advisors LLC now owns 3,471 shares of the entertainment giant's stock valued at $386,000 after acquiring an additional 92 shares in the last quarter. Prossimo Advisors LLC increased its holdings in shares of Walt Disney by 1.1% in the 4th quarter. Prossimo Advisors LLC now owns 8,732 shares of the entertainment giant's stock valued at $972,000 after purchasing an additional 92 shares during the period. Saxon Interests Inc. lifted its position in shares of Walt Disney by 2.8% in the fourth quarter. Saxon Interests Inc. now owns 3,412 shares of the entertainment giant's stock worth $380,000 after purchasing an additional 93 shares in the last quarter. Finally, Onefund LLC boosted its holdings in shares of Walt Disney by 2.0% during the fourth quarter. Onefund LLC now owns 4,856 shares of the entertainment giant's stock worth $541,000 after purchasing an additional 93 shares during the period. Hedge funds and other 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.