The Walt Disney Company (NYSE:DIS) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of The Walt Disney Company (NYSE:DIS) have been given a consensus rating of “Moderate Buy” by the twenty-four research firms that are presently covering the company, MarketBeat reports. Five research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $123.57.

A number of brokerages have recently commented on DIS. Needham & Company LLC lifted their price target on Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a research note on Friday. Wells Fargo & Company lifted their price target on Walt Disney from $116.00 to $138.00 and gave the company an “overweight” rating in a research note on Friday. JPMorgan Chase & Co. cut their price target on Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Evercore ISI raised their price objective on Walt Disney from $105.00 to $128.00 and gave the stock an “outperform” rating in a research report on Tuesday. Finally, Guggenheim raised their price objective on Walt Disney from $110.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in DIS. Brophy Wealth Management LLC acquired a new position in Walt Disney during the 3rd quarter valued at about $729,000. Conway Capital Management Inc. purchased a new position in shares of Walt Disney during the third quarter valued at approximately $223,000. Executive Wealth Management LLC purchased a new stake in Walt Disney in the 3rd quarter valued at $227,000. Nabity Jensen Investment Management Inc bought a new position in Walt Disney during the 3rd quarter valued at $550,000. Finally, Geller Advisors LLC boosted its holdings in Walt Disney by 20.6% during the 3rd quarter. Geller Advisors LLC now owns 6,057 shares of the entertainment giant’s stock worth $583,000 after acquiring an additional 1,036 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Stock Performance

NYSE:DIS opened at $115.06 on Friday. The stock’s 50-day simple moving average is $95.03 and its 200 day simple moving average is $96.77. The firm has a market capitalization of $208.67 billion, a PE ratio of 44.25, a price-to-earnings-growth ratio of 1.67 and a beta of 1.40. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.38. Walt Disney has a twelve month low of $83.91 and a twelve month high of $123.74.

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.