Walt Disney (NYSE:DIS) Hits New 52-Week High on Analyst Upgrade

The Walt Disney Company (NYSE:DIS) reached a new 52-week high during trading on Tuesday after Loop Capital raised their price target on the stock from $125.00 to $130.00. Loop Capital currently has a buy rating on the stock. Walt Disney traded as high as $120.50 and last traded at $119.18, with a volume of 10783957 shares. The stock had previously closed at $115.66.

DIS has been the topic of several other research reports. Morgan Stanley lifted their price objective on shares of Walt Disney from $110.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday, May 8th. Guggenheim lowered their price target on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, May 8th. Wolfe Research upgraded Walt Disney from a “peer perform” rating to an “outperform” rating and set a $112.00 price objective on the stock in a research note on Monday, April 21st. Rosenblatt Securities raised their target price on Walt Disney from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Tuesday, June 3rd. Finally, Barclays upped their price target on Walt Disney from $115.00 to $120.00 and gave the company an “overweight” rating in a research report on Thursday, May 8th. Six analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Walt Disney currently has a consensus rating of “Moderate Buy” and an average price target of $123.96.

Insiders Place Their Bets

In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $110.84, for a total value of $110,840.00. Following the sale, the executive vice president now owns 46,831 shares of the company’s stock, valued at $5,190,748.04. This trade represents a 2.09% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.16% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. MJT & Associates Financial Advisory Group Inc. purchased a new position in Walt Disney in the first quarter worth $26,000. Mpwm Advisory Solutions LLC purchased a new position in shares of Walt Disney in the 4th quarter worth about $27,000. Kessler Investment Group LLC boosted its holdings in shares of Walt Disney by 274.0% in the 1st quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant’s stock worth $27,000 after purchasing an additional 200 shares in the last quarter. FPC Investment Advisory Inc. bought a new position in shares of Walt Disney during the 4th quarter valued at about $28,000. Finally, Tacita Capital Inc raised its holdings in shares of Walt Disney by 93.2% during the 4th quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant’s stock valued at $29,000 after buying an additional 124 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors.

Walt Disney Trading Up 2.6%

The stock has a fifty day moving average of $98.83 and a two-hundred day moving average of $105.70. The company has a market capitalization of $213.42 billion, a PE ratio of 38.68, a PEG ratio of 1.80 and a beta of 1.54. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 EPS for the quarter, topping the consensus estimate of $1.21 by $0.24. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. The firm had revenue of $23.62 billion for the quarter, compared to the consensus estimate of $23.15 billion. During the same period last year, the firm posted $1.21 earnings per share. The business’s revenue was up 7.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

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.