Macquarie Raises Walt Disney (NYSE:DIS) Price Target to $110.00

Walt Disney (NYSE:DIS) had its price objective upped by Macquarie from $91.00 to $110.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the entertainment giant’s stock. Macquarie’s price objective would suggest a potential upside of 0.80% from the company’s current price.

Several other research analysts have also commented on DIS. Seaport Res Ptn raised shares of Walt Disney from a “hold” rating to a “strong-buy” rating in a report on Monday, September 30th. Needham & Company LLC restated a “buy” rating and set a $110.00 price target on shares of Walt Disney in a report on Wednesday, October 23rd. Loop Capital reduced their target price on Walt Disney from $139.00 to $130.00 and set a “buy” rating for the company in a report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Walt Disney from $115.00 to $131.00 and gave the stock a “buy” rating in a report on Friday. Finally, Barclays decreased their price objective on Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Four equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Walt Disney currently has an average rating of “Moderate Buy” and a consensus price target of $122.68.

Walt Disney Stock Up 6.2 %

Shares of NYSE:DIS opened at $109.13 on Friday. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.38. The firm has a market cap of $197.92 billion, a price-to-earnings ratio of 41.97, a PEG ratio of 1.67 and a beta of 1.40. The stock’s 50-day moving average price is $94.62 and its two-hundred day moving average price is $96.69. Walt Disney has a 12-month low of $83.91 and a 12-month high of $123.74.

Institutional Trading of Walt Disney

A number of hedge funds have recently modified their holdings of the company. Cladis Investment Advisory LLC raised its stake in Walt Disney by 8.0% during the 3rd quarter. Cladis Investment Advisory LLC now owns 18,234 shares of the entertainment giant’s stock worth $1,754,000 after buying an additional 1,345 shares during the period. Coastwise Capital Group LLC lifted its position in shares of Walt Disney by 17.3% in the third quarter. Coastwise Capital Group LLC now owns 6,852 shares of the entertainment giant’s stock worth $659,000 after purchasing an additional 1,009 shares in the last quarter. Benjamin Edwards Inc. grew its holdings in shares of Walt Disney by 139,052.4% in the 3rd quarter. Benjamin Edwards Inc. now owns 29,222 shares of the entertainment giant’s stock valued at $2,811,000 after acquiring an additional 29,201 shares in the last quarter. Atom Investors LP acquired a new position in shares of Walt Disney during the 3rd quarter worth approximately $352,000. Finally, Kestra Investment Management LLC bought a new stake in Walt Disney during the third quarter worth $255,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Company Profile

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.