Walt Disney (NYSE:DIS) Price Target Lowered to $130.00 at Barclays

Walt Disney (NYSE:DIS) had its price objective decreased by Barclays from $135.00 to $130.00 in a research note issued to investors on Wednesday, Benzinga reports. Barclays currently has an overweight rating on the entertainment giant’s stock.

DIS has been the subject of a number of other reports. Wells Fargo & Company lifted their price objective on shares of Walt Disney from $128.00 to $141.00 and gave the stock an overweight rating in a research report on Tuesday, April 23rd. Guggenheim boosted their target price on shares of Walt Disney from $125.00 to $140.00 and gave the company a buy rating in a research report on Wednesday, April 3rd. Morgan Stanley boosted their price objective on shares of Walt Disney from $110.00 to $135.00 and gave the company an overweight rating in a report on Monday, March 4th. Macquarie lifted their price target on shares of Walt Disney from $94.00 to $104.00 and gave the company a neutral rating in a research report on Thursday, February 8th. Finally, JPMorgan Chase & Co. started coverage on shares of Walt Disney in a research report on Thursday, April 11th. They issued an overweight rating and a $140.00 target price for the company. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-three have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of Moderate Buy and an average target price of $126.46.

Walt Disney Stock Up 0.3 %

DIS traded up $0.36 on Wednesday, hitting $105.80. 14,945,125 shares of the company were exchanged, compared to its average volume of 12,135,098. The stock’s fifty day moving average is $114.48 and its 200-day moving average is $101.24. Walt Disney has a 12 month low of $78.73 and a 12 month high of $123.74. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.77 and a current ratio of 0.84. The company has a market cap of $194.07 billion, a PE ratio of 115.00, a PEG ratio of 1.39 and a beta of 1.40.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Tuesday, May 7th. The entertainment giant reported $1.21 EPS for the quarter, beating the consensus estimate of $1.12 by $0.09. The company had revenue of $22.08 billion during the quarter, compared to the consensus estimate of $22.12 billion. Walt Disney had a return on equity of 7.88% and a net margin of 3.36%. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.93 EPS. Equities research analysts predict that Walt Disney will post 4.7 EPS for the current fiscal year.

Insider Buying and Selling

In other news, EVP Sonia L. Coleman sold 1,857 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $121.92, for a total value of $226,405.44. Following the sale, the executive vice president now owns 4,400 shares of the company’s stock, valued at $536,448. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, Director James P. Gorman purchased 20,000 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The shares were purchased at an average price of $106.03 per share, with a total value of $2,120,600.00. Following the completion of the acquisition, the director now owns 20,467 shares in the company, valued at approximately $2,170,116.01. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Sonia L. Coleman sold 1,857 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $121.92, for a total value of $226,405.44. Following the transaction, the executive vice president now owns 4,400 shares of the company’s stock, valued at $536,448. The disclosure for this sale can be found here. 0.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in Walt Disney by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 151,443,502 shares of the entertainment giant’s stock worth $13,673,834,000 after purchasing an additional 1,555,748 shares during the last quarter. Morgan Stanley increased its stake in shares of Walt Disney by 0.4% in the third quarter. Morgan Stanley now owns 44,318,444 shares of the entertainment giant’s stock worth $3,592,010,000 after buying an additional 195,512 shares during the period. Trian Fund Management L.P. boosted its holdings in shares of Walt Disney by 411.6% during the third quarter. Trian Fund Management L.P. now owns 32,868,307 shares of the entertainment giant’s stock worth $2,663,976,000 after purchasing an additional 26,443,257 shares during the period. Northern Trust Corp lifted its stake in Walt Disney by 10.6% in the third quarter. Northern Trust Corp now owns 24,859,476 shares of the entertainment giant’s stock worth $2,014,861,000 after acquiring an additional 2,384,407 shares during the period. Finally, Norges Bank bought a new stake in shares of Walt Disney during the 4th quarter valued at about $1,938,647,000. 65.71% of the stock is currently owned by institutional investors.

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.