Moffett Nathanson Lowers Walt Disney (NYSE:DIS) Price Target to $125.00

Walt Disney (NYSE:DIS) had its target price lowered by equities researchers at Moffett Nathanson from $130.00 to $125.00 in a report released on Tuesday, MarketBeat Ratings reports. The firm presently has a “buy” rating on the entertainment giant’s stock. Moffett Nathanson’s price objective suggests a potential upside of 26.79% from the company’s previous close.

DIS has been the subject of a number of other research reports. Barclays cut their price objective 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. JPMorgan Chase & Co. initiated coverage on shares of Walt Disney in a research note on Thursday, April 11th. They issued an “overweight” rating and a $140.00 price objective on the stock. Bank of America raised their price target on shares of Walt Disney from $130.00 to $145.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. Daiwa Capital Markets reiterated a “buy” rating and set a $133.00 price objective on shares of Walt Disney in a report on Monday, April 1st. Finally, Loop Capital increased their price objective on shares of Walt Disney from $113.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, May 6th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-three have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $126.44.

Walt Disney Trading Up 0.6 %

Shares of DIS stock opened at $98.59 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. The firm has a market cap of $179.72 billion, a PE ratio of 107.16, a price-to-earnings-growth ratio of 1.23 and a beta of 1.40. The company has a 50-day moving average of $104.17 and a two-hundred day moving average of $104.81. Walt Disney has a 1-year low of $78.73 and a 1-year high of $123.74.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 EPS for the quarter, topping the consensus estimate of $1.12 by $0.09. Walt Disney had a net margin of 1.90% and a return on equity of 8.37%. The company had revenue of $22.08 billion during the quarter, compared to analysts’ expectations of $22.12 billion. During the same quarter in the previous year, the business posted $0.93 EPS. The firm’s revenue was up 1.2% on a year-over-year basis. On average, analysts predict that Walt Disney will post 4.76 EPS for the current year.

Insider Transactions at Walt Disney

In other Walt Disney news, Director James P. Gorman purchased 20,000 shares of the business’s stock in a transaction dated 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 completion of the acquisition, the director now directly owns 20,467 shares in the company, valued at $2,170,116.01. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, EVP Sonia L. Coleman sold 4,400 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $106.00, for a total transaction of $466,400.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director James P. Gorman acquired 20,000 shares of the stock in a transaction dated Wednesday, May 8th. The shares were purchased at an average price of $106.03 per share, for a total transaction of $2,120,600.00. Following the completion of the transaction, the director now owns 20,467 shares of the company’s stock, valued at approximately $2,170,116.01. The disclosure for this purchase can be found here. Corporate insiders own 0.10% of the company’s stock.

Institutional Trading of Walt Disney

A number of institutional investors and hedge funds have recently modified their holdings of DIS. Norges Bank bought a new stake in shares of Walt Disney during the fourth quarter valued at approximately $1,938,647,000. Jennison Associates LLC bought a new stake in Walt Disney in the first quarter valued at $1,490,492,000. Capital World Investors grew its position in Walt Disney by 3,332.4% in the first quarter. Capital World Investors now owns 6,267,593 shares of the entertainment giant’s stock valued at $766,903,000 after acquiring an additional 6,084,993 shares during the period. ValueAct Holdings L.P. bought a new stake in Walt Disney in the fourth quarter valued at $459,245,000. Finally, Swedbank AB bought a new stake in Walt Disney in the first quarter valued at $493,715,000. 65.71% of the stock is currently owned by institutional investors.

About Walt Disney

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.