Macquarie Lowers Walt Disney (NYSE:DIS) Price Target to $91.00

Walt Disney (NYSE:DIS) had its target price decreased by research analysts at Macquarie from $94.00 to $91.00 in a research report issued on Thursday, Benzinga reports. The firm currently has a “neutral” rating on the entertainment giant’s stock. Macquarie’s price target points to a potential downside of 3.73% from the stock’s current price.

Several other equities research analysts also recently issued reports on the stock. UBS Group decreased their price objective on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Needham & Company LLC decreased their price objective on shares of Walt Disney from $145.00 to $110.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Evercore ISI decreased their price objective on shares of Walt Disney from $128.00 to $105.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. The Goldman Sachs Group initiated coverage on shares of Walt Disney in a research note on Tuesday, June 25th. They set a “buy” rating and a $125.00 price objective for the company. Finally, Raymond James decreased their price objective on shares of Walt Disney from $123.00 to $101.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Three equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $117.82.

Walt Disney Trading Up 1.0 %

Walt Disney stock traded up $0.95 during trading on Thursday, reaching $94.53. The company had a trading volume of 4,316,781 shares, compared to its average volume of 11,195,549. Walt Disney has a 12-month low of $78.73 and a 12-month high of $123.74. The stock’s 50 day moving average price is $90.80 and its two-hundred day moving average price is $102.16. The firm has a market capitalization of $172.33 billion, a price-to-earnings ratio of 102.67, a PEG ratio of 1.31 and a beta of 1.40. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.66 and a current ratio of 0.72.

Walt Disney (NYSE:DIS) last released its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.19. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The firm had revenue of $23.20 billion during the quarter, compared to the consensus estimate of $23.08 billion. During the same period in the previous year, the firm earned $1.03 earnings per share. Walt Disney’s revenue was up 3.9% compared to the same quarter last year. As a group, equities analysts expect that Walt Disney will post 4.92 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Walt Disney news, Director Calvin Mcdonald bought 11,756 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were bought at an average cost of $85.06 per share, with a total value of $999,965.36. Following the completion of the acquisition, the director now owns 22,313 shares of the company’s stock, valued at $1,897,943.78. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Walt Disney

Several institutional investors have recently modified their holdings of DIS. Jennison Associates LLC bought a new position in Walt Disney in the 1st quarter valued at about $1,490,492,000. Capital World Investors grew its position in Walt Disney by 3,332.4% in the 1st quarter. Capital World Investors now owns 6,267,593 shares of the entertainment giant’s stock valued at $766,903,000 after buying an additional 6,084,993 shares in the last quarter. ValueAct Holdings L.P. bought a new position in Walt Disney in the 4th quarter valued at about $459,245,000. Swedbank AB bought a new position in Walt Disney in the 1st quarter valued at about $493,715,000. Finally, Farallon Capital Management LLC bought a new position in Walt Disney in the 2nd quarter valued at about $355,673,000. Institutional investors own 65.71% of the company’s stock.

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.