Walt Disney (NYSE:DIS) Price Target Raised to $128.00 at Raymond James

Walt Disney (NYSE:DIS) had its price target lifted by Raymond James from $112.00 to $128.00 in a report published on Tuesday, Benzinga reports. Raymond James currently has an outperform rating on the entertainment giant’s stock.

DIS has been the topic of a number of other reports. Macquarie lifted their price target on Walt Disney from $94.00 to $104.00 and gave the company a neutral rating in a research note on Thursday, February 8th. Deutsche Bank Aktiengesellschaft cut their price target on Walt Disney from $115.00 to $110.00 and set a buy rating on the stock in a research note on Wednesday, February 7th. Wells Fargo & Company lifted their price target on Walt Disney from $115.00 to $128.00 and gave the company an overweight rating in a research note on Thursday, February 8th. The Goldman Sachs Group cut their price target on Walt Disney from $125.00 to $120.00 and set a buy rating on the stock in a research note on Thursday, February 8th. Finally, Morgan Stanley raised their price objective on Walt Disney from $110.00 to $135.00 and gave the stock an overweight rating in a research report on Monday, March 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average target price of $117.77.

Walt Disney Stock Performance

NYSE:DIS opened at $122.36 on Tuesday. The stock’s 50-day simple moving average is $107.88 and its 200 day simple moving average is $94.72. The firm has a market capitalization of $224.44 billion, a PE ratio of 75.53, a price-to-earnings-growth ratio of 1.86 and a beta of 1.41. The company has a quick ratio of 0.77, a current ratio of 0.84 and a debt-to-equity ratio of 0.39. Walt Disney has a twelve month low of $78.73 and a twelve month high of $123.74.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.25. The business had revenue of $23.50 billion for the quarter, compared to analyst estimates of $23.71 billion. Walt Disney had a return on equity of 7.88% and a net margin of 3.36%. Walt Disney’s revenue was down .1% compared to the same quarter last year. During the same period last year, the firm posted $0.99 earnings per share. On average, analysts anticipate that Walt Disney will post 4.66 EPS for the current fiscal year.

Walt Disney Cuts Dividend

The business also recently announced a semi-annual dividend, which will be paid on Thursday, July 25th. Investors of record on Monday, July 8th will be given a dividend of $0.45 per share. The ex-dividend date is Monday, July 8th. This represents a dividend yield of 0.5%. Walt Disney’s payout ratio is 18.52%.

Insider Activity at Walt Disney

In related news, EVP Sonia L. Coleman sold 898 shares of Walt Disney stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $90.11, for a total transaction of $80,918.78. Following the transaction, the executive vice president now owns 1,861 shares of the company’s stock, valued at $167,694.71. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Dark Forest Capital Management LP purchased a new position in Walt Disney in the first quarter worth $28,000. Worth Asset Management LLC purchased a new position in shares of Walt Disney during the 1st quarter valued at $29,000. Planned Solutions Inc. purchased a new position in shares of Walt Disney during the 4th quarter valued at $26,000. Gold Investment Management Ltd. purchased a new position in shares of Walt Disney during the 4th quarter valued at $28,000. Finally, SkyView Investment Advisors LLC lifted its position in shares of Walt Disney by 172.6% during the 2nd quarter. SkyView Investment Advisors LLC now owns 319 shares of the entertainment giant’s stock valued at $78,000 after buying an additional 202 shares during the last quarter. Hedge funds and other 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.