Walt Disney (NYSE:DIS) Given New $130.00 Price Target at Needham & Company LLC

Walt Disney (NYSE:DIS) had its price objective raised by Needham & Company LLC from $110.00 to $130.00 in a research note released on Friday morning,Benzinga reports. They currently have a buy rating on the entertainment giant’s stock.

DIS has been the subject of several other reports. Evercore ISI upped their target price on Walt Disney from $105.00 to $128.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. JPMorgan Chase & Co. cut their price objective on shares of Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Walt Disney from $115.00 to $131.00 and gave the stock a “buy” rating in a research report on Friday. UBS Group reduced their target price on Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Finally, Piper Sandler started coverage on Walt Disney in a report on Wednesday, October 16th. They issued a “neutral” rating and a $95.00 price objective on the stock. Five analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $123.57.

Walt Disney Stock Up 5.5 %

DIS stock opened at $115.08 on Friday. The company has a 50 day moving average price of $95.57 and a two-hundred day moving average price of $96.60. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.66 and a current ratio of 0.73. The stock has a market capitalization of $208.71 billion, a P/E ratio of 42.46, a PEG ratio of 1.87 and a beta of 1.40. Walt Disney has a one year low of $83.91 and a one year high of $123.74.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Quent Capital LLC grew its holdings in shares of Walt Disney by 4.4% during the first quarter. Quent Capital LLC now owns 7,766 shares of the entertainment giant’s stock valued at $950,000 after purchasing an additional 327 shares during the last quarter. Spirepoint Private Client LLC bought a new stake in shares of Walt Disney in the 1st quarter worth approximately $239,000. TIAA Trust National Association boosted its position in Walt Disney by 1.8% during the 1st quarter. TIAA Trust National Association now owns 92,130 shares of the entertainment giant’s stock valued at $11,273,000 after purchasing an additional 1,621 shares during the period. Connors Investor Services Inc. bought a new position in Walt Disney during the 1st quarter worth $10,474,000. Finally, Blue Barn Wealth LLC increased its position in Walt Disney by 16.4% in the first quarter. Blue Barn Wealth LLC now owns 2,702 shares of the entertainment giant’s stock worth $331,000 after buying an additional 381 shares during the period. 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.