Walt Disney (NYSE:DIS) Given New $107.00 Price Target at KeyCorp

Walt Disney (NYSE:DIS – Get Rating) had its price objective lowered by KeyCorp from $120.00 to $107.00 in a research note published on Thursday, The Fly reports. The brokerage currently has an overweight rating on the entertainment giant’s stock.

A number of other brokerages have also weighed in on DIS. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Walt Disney from $130.00 to $135.00 and gave the stock a buy rating in a report on Tuesday, April 18th. Wolfe Research lowered Walt Disney from an outperform rating to a peer perform rating in a research note on Friday, May 12th. Credit Suisse Group increased their price objective on shares of Walt Disney from $126.00 to $133.00 and gave the company an outperform rating in a report on Thursday, February 9th. Macquarie downgraded shares of Walt Disney from an outperform rating to a neutral rating and lowered their price target for the company from $125.00 to $103.00 in a report on Friday, May 19th. Finally, Bank of America raised their target price on shares of Walt Disney from $115.00 to $135.00 and gave the stock a buy rating in a research report on Thursday, February 9th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Walt Disney has an average rating of Moderate Buy and a consensus target price of $124.65.

Walt Disney Price Performance

NYSE:DIS opened at $88.14 on Thursday. The firm has a market capitalization of $161.06 billion, a price-to-earnings ratio of 39.17, a P/E/G ratio of 1.97 and a beta of 1.29. Walt Disney has a 52-week low of $84.07 and a 52-week high of $126.48. The stock has a fifty day moving average of $97.21 and a 200 day moving average of $97.65. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.94 and a current ratio of 1.01.

Walt Disney (NYSE:DIS – Get Rating) last released its quarterly earnings results on Wednesday, May 10th. The entertainment giant reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.04. The business had revenue of $21.82 billion for the quarter, compared to the consensus estimate of $21.82 billion. Walt Disney had a return on equity of 6.41% and a net margin of 4.74%. During the same quarter last year, the business posted $1.08 earnings per share. On average, research analysts expect that Walt Disney will post 3.84 EPS for the current fiscal year.

Insider Transactions at Walt Disney

In other news, EVP Brent Woodford sold 1,145 shares of the stock in a transaction dated Tuesday, April 25th. The shares were sold at an average price of $99.16, for a total value of $113,538.20. Following the completion of the transaction, the executive vice president now owns 29,138 shares in the company, valued at approximately $2,889,324.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.10% of the company’s stock.

Hedge Funds Weigh In On Walt Disney

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Dark Forest Capital Management LP acquired a new position in shares of Walt Disney in the first quarter valued at approximately $28,000. Worth Asset Management LLC purchased a new stake in Walt Disney in the first quarter valued at approximately $29,000. NewSquare Capital LLC grew its stake in Walt Disney by 805.9% during the fourth quarter. NewSquare Capital LLC now owns 308 shares of the entertainment giant’s stock worth $27,000 after buying an additional 274 shares during the period. TD Capital Management LLC purchased a new stake in Walt Disney during the third quarter worth approximately $29,000. Finally, Luken Investment Analytics LLC purchased a new stake in Walt Disney during the fourth quarter worth approximately $29,000. Institutional investors and hedge funds own 62.22% of the company’s stock.

Walt Disney Company Profile

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The Walt Disney Co is a diversified international family entertainment and media enterprise. It operates through the following segments: Disney Media and Entertainment Distribution (DMED) and Disney Parks, Experiences and Products (DPEP). The DMED segment encompasses the company’s global film and episodic television content production and distribution activities.