Walt Disney (NYSE:DIS) Stock Price Up 2.4% – Time to Buy?

The Walt Disney Company (NYSE:DIS) rose 2.4% on Friday . The stock traded as high as $85.78 and last traded at $84.75. Approximately 14,724,780 shares changed hands during mid-day trading, an increase of 47% from the average daily volume of 10,024,216 shares. The stock had previously closed at $82.77.

Analyst Upgrades and Downgrades

Several analysts have weighed in on DIS shares. 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. Redburn Atlantic raised shares of Walt Disney from a “neutral” rating to a “buy” rating and lifted their price target for the company from $100.00 to $147.00 in a research note on Tuesday, January 7th. Prescient Securities dropped their target price on shares of Walt Disney from $130.00 to $115.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 4th. Citigroup reaffirmed a “buy” rating and issued a $125.00 price target on shares of Walt Disney in a research note on Wednesday, January 22nd. Finally, UBS Group cut their target price on Walt Disney from $130.00 to $105.00 and set a “buy” rating for the company in a research note on Tuesday. Six investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $124.48.

Walt Disney Trading Up 2.4 %

The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $153.21 billion, a PE ratio of 27.61, a P/E/G ratio of 1.80 and a beta of 1.44. The business has a 50 day moving average price of $99.72 and a 200-day moving average price of $104.39.

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

Institutional Trading of Walt Disney

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Mpwm Advisory Solutions LLC acquired a new stake in shares of Walt Disney during the fourth quarter worth $27,000. FPC Investment Advisory Inc. acquired a new position in Walt Disney during the 4th quarter valued at about $28,000. Tacita Capital Inc grew its stake in shares of 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 purchasing an additional 124 shares during the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new stake in Walt Disney during the 4th quarter worth about $32,000. Finally, Midwest Capital Advisors LLC purchased a new position in shares of Walt Disney during the fourth quarter valued at $34,000. Institutional investors own 65.71% of the company’s stock.

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.