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

Shares of Walt Disney Co (NYSE:DIS) hit a new 52-week high during trading on Friday after Morgan Stanley raised their price target on the stock from $135.00 to $160.00. Morgan Stanley currently has an overweight rating on the stock. Walt Disney traded as high as $142.87 and last traded at $141.98, with a volume of 2772694 shares trading hands. The stock had previously closed at $141.74.

Other equities research analysts have also issued research reports about the stock. JPMorgan Chase & Co. started coverage on shares of Walt Disney in a report on Friday, April 12th. They issued an “overweight” rating and a $137.00 price target for the company. BTIG Research raised shares of Walt Disney from a “sell” rating to a “neutral” rating in a report on Monday, April 15th. Imperial Capital upped their target price on shares of Walt Disney from $139.00 to $147.00 and gave the stock an “outperform” rating in a report on Tuesday, May 7th. Cowen raised shares of Walt Disney from a “market perform” rating to an “outperform” rating and set a $115.90 target price for the company in a report on Tuesday, April 9th. Finally, Edward Jones raised shares of Walt Disney from a “hold” rating to a “buy” rating in a research report on Wednesday, February 13th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nineteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $143.68.

In other Walt Disney news, EVP Brent Woodford sold 2,200 shares of the business’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $138.23, for a total transaction of $304,106.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Zenia B. Mucha sold 33,000 shares of the business’s stock in a transaction on Friday, April 12th. The stock was sold at an average price of $128.88, for a total value of $4,253,040.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 39,200 shares of company stock worth $5,098,106. 0.36% of the stock is currently owned by corporate insiders.

Several institutional investors have recently made changes to their positions in DIS. Lee Financial Co lifted its position in shares of Walt Disney by 11.1% in the 1st quarter. Lee Financial Co now owns 742 shares of the entertainment giant’s stock worth $82,000 after acquiring an additional 74 shares during the period. Gables Capital Management Inc. increased its holdings in Walt Disney by 0.8% during the 1st quarter. Gables Capital Management Inc. now owns 9,046 shares of the entertainment giant’s stock valued at $1,008,000 after purchasing an additional 75 shares in the last quarter. Keeley Teton Advisors LLC increased its holdings in Walt Disney by 2.0% during the 1st quarter. Keeley Teton Advisors LLC now owns 3,835 shares of the entertainment giant’s stock valued at $426,000 after purchasing an additional 75 shares in the last quarter. Tortoise Investment Management LLC increased its stake in shares of Walt Disney by 3.1% in the 1st quarter. Tortoise Investment Management LLC now owns 2,533 shares of the entertainment giant’s stock valued at $281,000 after buying an additional 75 shares during the period. Finally, Cornell Pochily Investment Advisors Inc. increased its stake in shares of Walt Disney by 1.5% in the 1st quarter. Cornell Pochily Investment Advisors Inc. now owns 5,155 shares of the entertainment giant’s stock valued at $572,000 after buying an additional 78 shares during the period. Institutional investors and hedge funds own 64.23% of the company’s stock.

The company has a quick ratio of 0.74, a current ratio of 0.77 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $244.26 billion, a PE ratio of 20.16, a price-to-earnings-growth ratio of 3.62 and a beta of 0.97.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Wednesday, May 8th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.59 by $0.02. Walt Disney had a return on equity of 15.67% and a net margin of 22.55%. The business had revenue of $14.92 billion for the quarter, compared to analyst estimates of $14.53 billion. During the same period last year, the company earned $1.84 EPS. The firm’s revenue was up 2.6% on a year-over-year basis. Equities analysts forecast that Walt Disney Co will post 6.67 EPS for the current year.

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Walt Disney Company Profile (NYSE:DIS)

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses.

Further Reading: Price to Earnings Ratio (PE)

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