Walt Disney (NYSE:DIS) Shares Up 1.5% – Should You Buy?

The Walt Disney Company (NYSE:DIS)’s stock price rose 1.5% on Monday . The stock traded as high as $86.45 and last traded at $86.20. Approximately 2,705,460 shares traded hands during trading, a decline of 73% from the average daily volume of 9,967,012 shares. The stock had previously closed at $84.89.

Analyst Ratings Changes

DIS has been the subject of several recent analyst reports. Rosenblatt Securities reaffirmed a “buy” rating and issued a $135.00 target price on shares of Walt Disney in a report on Monday, February 10th. Morgan Stanley upped their price objective on Walt Disney from $125.00 to $130.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Barclays reduced their price target on shares of Walt Disney from $125.00 to $115.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Needham & Company LLC reaffirmed a “buy” rating and issued a $130.00 target price on shares of Walt Disney in a report on Wednesday, February 5th. Finally, Loop Capital increased their price target on Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday, March 4th. Six equities research 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, the company presently has an average rating of “Moderate Buy” and an average target price of $125.13.

Walt Disney Stock Performance

The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62. The company has a market cap of $153.77 billion, a PE ratio of 27.71, a price-to-earnings-growth ratio of 1.80 and a beta of 1.44. The business has a fifty day simple moving average of $101.83 and a two-hundred day simple moving average of $104.82.

Walt Disney (NYSE:DIS) last announced its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share for the quarter, beating 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%. Research analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in DIS. Mpwm Advisory Solutions LLC acquired a new stake in Walt Disney during the 4th quarter worth about $27,000. FPC Investment Advisory Inc. purchased a new stake in Walt Disney in the fourth quarter valued at approximately $28,000. Tacita Capital Inc increased 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 during the 4th quarter worth approximately $32,000. Finally, Midwest Capital Advisors LLC acquired a new stake in Walt Disney during the 4th quarter valued at approximately $34,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

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.