Walt Disney (NYSE:DIS) Stock Price Up 2% – What’s Next?

The Walt Disney Company (NYSE:DIS)’s stock price traded up 2% during mid-day trading on Tuesday . The stock traded as high as $86.95 and last traded at $85.00. 4,575,845 shares traded hands during mid-day trading, a decline of 53% from the average session volume of 9,827,660 shares. The stock had previously closed at $83.30.

Wall Street Analysts Forecast Growth

DIS has been the subject of a number of research reports. Redburn Atlantic raised Walt Disney from a “neutral” rating to a “buy” rating and raised their price objective for the company from $100.00 to $147.00 in a research note on Tuesday, January 7th. Rosenblatt Securities reissued a “buy” rating and issued a $135.00 price target on shares of Walt Disney in a research report on Monday, February 10th. Prescient Securities lowered their price objective on shares of Walt Disney from $130.00 to $115.00 and set a “neutral” rating on the stock in a report on Tuesday, February 4th. Citigroup reiterated a “buy” rating and set a $125.00 price objective on shares of Walt Disney in a report on Wednesday, January 22nd. Finally, The Goldman Sachs Group boosted their target price on shares of Walt Disney from $137.00 to $139.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. Six research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $125.33.

Walt Disney Stock Performance

The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36. The company has a market cap of $147.82 billion, a P/E ratio of 26.56, a price-to-earnings-growth ratio of 1.80 and a beta of 1.44. The company’s 50-day moving average is $105.08 and its two-hundred day moving average is $105.21.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.32. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. Equities analysts predict that The Walt Disney Company will post 5.47 EPS for the current year.

Institutional Trading of Walt Disney

Several hedge funds have recently made changes to their positions in the company. Mpwm Advisory Solutions LLC purchased a new stake in Walt Disney during the fourth quarter valued at about $27,000. FPC Investment Advisory Inc. purchased a new stake in shares of Walt Disney during the 4th quarter valued at approximately $28,000. Tacita Capital Inc boosted its holdings in Walt Disney by 93.2% in the 4th quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant’s stock worth $29,000 after buying an additional 124 shares during the period. Pilgrim Partners Asia Pte Ltd purchased a new position in Walt Disney in the 4th quarter valued at approximately $32,000. Finally, Midwest Capital Advisors LLC bought a new stake in Walt Disney during the 4th quarter valued at $34,000. 65.71% of the stock is currently owned by institutional investors.

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.