Walt Disney (NYSE:DIS) Now Covered by The Goldman Sachs Group

The Goldman Sachs Group started coverage on shares of Walt Disney (NYSE:DIS) in a report released on Tuesday, Marketbeat Ratings reports. The brokerage issued a buy rating and a $125.00 price target on the entertainment giant’s stock.

Several other equities research analysts have also issued reports on DIS. Barclays dropped their target price on shares of Walt Disney from $135.00 to $130.00 and set an overweight rating for the company in a research report on Wednesday, May 8th. Loop Capital increased their target price on Walt Disney from $113.00 to $140.00 and gave the company a buy rating in a research note on Monday, May 6th. Rosenblatt Securities lifted their price target on Walt Disney from $129.00 to $137.00 and gave the stock a buy rating in a research note on Tuesday, April 2nd. JPMorgan Chase & Co. initiated coverage on Walt Disney in a research report on Thursday, April 11th. They set an overweight rating and a $140.00 price objective on the stock. Finally, Daiwa Capital Markets restated a buy rating and issued a $133.00 target price on shares of Walt Disney in a research report on Monday, April 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-two have assigned a buy rating to the company. According to MarketBeat.com, Walt Disney presently has a consensus rating of Moderate Buy and an average target price of $126.50.

Walt Disney Stock Up 0.2 %

DIS opened at $102.19 on Tuesday. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.75 and a quick ratio of 0.69. Walt Disney has a one year low of $78.73 and a one year high of $123.74. The firm has a market capitalization of $186.30 billion, a P/E ratio of 111.08, a price-to-earnings-growth ratio of 1.27 and a beta of 1.40. The company has a fifty day moving average price of $105.45 and a 200-day moving average price of $104.55.

Walt Disney (NYSE:DIS) last announced its earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. The business had revenue of $22.08 billion for the quarter, compared to analyst estimates of $22.12 billion. Walt Disney had a return on equity of 8.37% and a net margin of 1.90%. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.93 EPS. Equities research analysts expect that Walt Disney will post 4.75 earnings per share for the current fiscal year.

Insider Activity at Walt Disney

In other Walt Disney news, EVP Sonia L. Coleman sold 1,857 shares of the firm’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $121.92, for a total value of $226,405.44. Following the completion of the sale, the executive vice president now directly owns 4,400 shares in the company, valued at $536,448. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Walt Disney news, Director James P. Gorman purchased 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The stock was bought at an average cost of $106.03 per share, for a total transaction of $2,120,600.00. Following the purchase, the director now directly owns 20,467 shares in the company, valued at $2,170,116.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Sonia L. Coleman sold 1,857 shares of Walt Disney stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $121.92, for a total transaction of $226,405.44. Following the transaction, the executive vice president now directly owns 4,400 shares of the company’s stock, valued at $536,448. The disclosure for this sale can be found here. 0.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Walt Disney

Several large investors have recently made changes to their positions in the business. ESL Trust Services LLC purchased a new position in Walt Disney during the first quarter valued at $31,000. Planned Solutions Inc. bought a new position in Walt Disney in the 4th quarter worth about $26,000. Gold Investment Management Ltd. purchased a new stake in Walt Disney during the 4th quarter valued at about $28,000. Partnership Wealth Management LLC bought a new stake in Walt Disney during the 4th quarter valued at about $33,000. Finally, Stone House Investment Management LLC raised its holdings in Walt Disney by 355.3% in the fourth quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock worth $31,000 after buying an additional 270 shares during the last quarter. 65.71% of the stock is currently 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.