Walt Disney (NYSE:DIS) Rating Increased to Outperform at Wolfe Research

Walt Disney (NYSE:DIS - Get Free Report) was upgraded by stock analysts at Wolfe Research from a "peer perform" rating to an "outperform" rating in a research report issued to clients and investors on Monday, MarketBeat reports. The firm currently has a $112.00 target price on the entertainment giant's stock. Wolfe Research's target price suggests a potential upside of 24.39% from the stock's previous close.

Other research analysts have also recently issued research reports about the company. Citigroup reaffirmed a "buy" rating and set a $125.00 target price on shares of Walt Disney in a research report on Wednesday, January 22nd. 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 report on Thursday, February 6th. Needham & Company LLC reissued a "buy" rating and issued a $130.00 price target on shares of Walt Disney in a report on Wednesday, February 5th. UBS Group reduced their price target 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. Finally, Barclays dropped their target price on shares of Walt Disney from $125.00 to $115.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Six research 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. According to data from MarketBeat, Walt Disney presently has an average rating of "Moderate Buy" and a consensus target price of $123.75.

Walt Disney Trading Up 3.2 %

Shares of NYSE:DIS traded up $2.75 during mid-day trading on Monday, hitting $90.04. The company had a trading volume of 10,299,353 shares, compared to its average volume of 10,082,896. 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 company has a market capitalization of $162.77 billion, a PE ratio of 29.33, a price-to-earnings-growth ratio of 1.80 and a beta of 1.44. The firm has a fifty day moving average price of $97.80 and a 200 day moving average price of $104.20. Walt Disney has a one year low of $80.10 and a one year high of $118.63.

Walt Disney (NYSE:DIS - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (EPS) 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%. As a group, research analysts forecast that Walt Disney will post 5.47 EPS for the current year.

Institutional Investors Weigh In On Walt Disney

A number of institutional investors and hedge funds have recently bought and sold shares of DIS. Norges Bank purchased a new stake in shares of Walt Disney during the 4th quarter valued at $2,415,427,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in Walt Disney by 1,900.0% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 5,735,961 shares of the entertainment giant's stock valued at $638,699,000 after acquiring an additional 5,449,158 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Walt Disney by 75.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 10,858,108 shares of the entertainment giant's stock worth $1,209,050,000 after purchasing an additional 4,680,930 shares during the last quarter. Jennison Associates LLC boosted its holdings in shares of Walt Disney by 23.4% in the 4th quarter. Jennison Associates LLC now owns 19,197,463 shares of the entertainment giant's stock worth $2,137,637,000 after purchasing an additional 3,636,742 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Walt Disney during the 4th quarter valued at about $358,151,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

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.