Loop Capital Raises Walt Disney (DIS) Price Target to $130.00

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Walt Disney (NYSE:DIS) had its price objective increased by Loop Capital to $130.00 in a research note issued to investors on Friday morning, The Fly reports. The firm currently has a buy rating on the entertainment giant’s stock.

DIS has been the topic of a number of other research reports. Imperial Capital upped their target price on shares of Walt Disney from $108.00 to $112.00 and gave the company an inline rating in a research note on Wednesday, August 8th. Zacks Investment Research upgraded shares of Walt Disney from a sell rating to a hold rating in a research note on Monday, October 1st. Pivotal Research restated a sell rating and issued a $95.00 target price on shares of Walt Disney in a research note on Sunday, September 23rd. ValuEngine upgraded shares of Walt Disney from a hold rating to a buy rating in a research note on Friday, October 19th. Finally, Royal Bank of Canada restated a buy rating and issued a $140.00 target price on shares of Walt Disney in a research note on Wednesday, August 8th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have given a buy rating to the stock. Walt Disney has a consensus rating of Buy and an average target price of $120.99.

Shares of Walt Disney stock traded up $2.00 during trading on Friday, reaching $118.00. The company had a trading volume of 16,875,988 shares, compared to its average volume of 7,903,162. The firm has a market cap of $174.08 billion, a PE ratio of 16.67, a price-to-earnings-growth ratio of 1.48 and a beta of 1.17. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.81 and a current ratio of 0.88. Walt Disney has a fifty-two week low of $97.68 and a fifty-two week high of $120.20.

Walt Disney (NYSE:DIS) last issued its earnings results on Thursday, November 8th. The entertainment giant reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.31 by $0.17. The business had revenue of $14.30 billion for the quarter, compared to analyst estimates of $13.76 billion. Walt Disney had a net margin of 20.76% and a return on equity of 21.37%. The company’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.07 EPS. On average, equities analysts predict that Walt Disney will post 7.25 earnings per share for the current year.

In related news, EVP Brent Woodford sold 952 shares of the business’s stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $111.87, for a total transaction of $106,500.24. Following the completion of the sale, the executive vice president now owns 26,698 shares of the company’s stock, valued at approximately $2,986,705.26. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Robert A. Iger sold 47,733 shares of the business’s stock in a transaction dated Friday, November 9th. The shares were sold at an average price of $120.00, for a total transaction of $5,727,960.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 78,838 shares of company stock valued at $9,391,319. Insiders own 0.38% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Carnick & Kubik Group LLC grew its position in Walt Disney by 149.1% in the 2nd quarter. Carnick & Kubik Group LLC now owns 39,689 shares of the entertainment giant’s stock worth $4,160,000 after purchasing an additional 23,755 shares during the last quarter. Hudock Capital Group LLC boosted its holdings in shares of Walt Disney by 58.4% in the second quarter. Hudock Capital Group LLC now owns 1,839 shares of the entertainment giant’s stock valued at $192,000 after acquiring an additional 678 shares in the last quarter. Great West Life Assurance Co. Can boosted its holdings in shares of Walt Disney by 7.1% in the second quarter. Great West Life Assurance Co. Can now owns 1,393,124 shares of the entertainment giant’s stock valued at $146,203,000 after acquiring an additional 92,705 shares in the last quarter. Everett Harris & Co. CA boosted its holdings in shares of Walt Disney by 2.1% in the second quarter. Everett Harris & Co. CA now owns 1,157,965 shares of the entertainment giant’s stock valued at $121,366,000 after acquiring an additional 24,140 shares in the last quarter. Finally, Hall Laurie J Trustee boosted its holdings in shares of Walt Disney by 14.5% in the second quarter. Hall Laurie J Trustee now owns 20,950 shares of the entertainment giant’s stock valued at $2,195,000 after acquiring an additional 2,650 shares in the last quarter. Hedge funds and other institutional investors own 63.15% of the company’s stock.

Walt Disney Company Profile

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming services under the brand ESPN, Disney, and Freeform; broadcast businesses, which include the ABC TV Network and eight owned television stations; radio businesses consisting of the ESPN Radio network; and the Radio Disney network.

Further Reading: Cash Flow

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Analyst Recommendations for Walt Disney (NYSE:DIS)

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