Needham & Company LLC Boosts Walt Disney (NYSE:DIS) Price Target to $130.00

Walt Disney (NYSE:DIS) had its price objective raised by equities researchers at Needham & Company LLC from $110.00 to $130.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the entertainment giant’s stock. Needham & Company LLC’s price target would indicate a potential upside of 13.18% from the company’s current price.

A number of other brokerages have also issued reports on DIS. Deutsche Bank Aktiengesellschaft boosted their price target on Walt Disney from $115.00 to $131.00 and gave the company a “buy” rating in a report on Friday. Morgan Stanley raised their price target on Walt Disney from $110.00 to $125.00 and gave the company an “overweight” rating in a research note on Friday. Evercore ISI upped their price objective on shares of Walt Disney from $105.00 to $128.00 and gave the stock an “outperform” rating in a research note on Tuesday. Macquarie increased their target price on shares of Walt Disney from $91.00 to $110.00 and gave the stock a “neutral” rating in a report on Friday. Finally, Loop Capital boosted their price target on shares of Walt Disney from $120.00 to $125.00 and gave the company a “buy” rating in a report on Friday. Five 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 stock. Based on data from MarketBeat, Walt Disney currently has an average rating of “Moderate Buy” and an average price target of $123.57.

Walt Disney Trading Up 5.3 %

DIS stock traded up $5.74 during trading on Friday, hitting $114.86. The company had a trading volume of 22,506,869 shares, compared to its average volume of 10,962,395. Walt Disney has a 52-week low of $83.91 and a 52-week high of $123.74. The company has a 50 day simple moving average of $95.03 and a 200-day simple moving average of $96.77. The firm has a market capitalization of $208.31 billion, a P/E ratio of 44.18, a PEG ratio of 1.67 and a beta of 1.40. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.38.

Institutional Trading of Walt Disney

Several large investors have recently made changes to their positions in the business. Smithfield Trust Co grew its stake in shares of Walt Disney by 0.5% during the 3rd quarter. Smithfield Trust Co now owns 18,869 shares of the entertainment giant’s stock worth $1,809,000 after purchasing an additional 102 shares during the period. Transcendent Capital Group LLC grew its holdings in shares of Walt Disney by 1.4% in the first quarter. Transcendent Capital Group LLC now owns 7,912 shares of the entertainment giant’s stock valued at $968,000 after purchasing an additional 108 shares during the period. Connable Office Inc. boosted its holdings in Walt Disney by 0.3% in the 3rd quarter. Connable Office Inc. now owns 35,048 shares of the entertainment giant’s stock valued at $3,371,000 after purchasing an additional 108 shares during the last quarter. ADE LLC grew its stake in shares of Walt Disney by 4.6% in the 2nd quarter. ADE LLC now owns 2,509 shares of the entertainment giant’s stock valued at $249,000 after buying an additional 110 shares during the period. Finally, Cozad Asset Management Inc. increased its holdings in shares of Walt Disney by 1.9% during the 3rd quarter. Cozad Asset Management Inc. now owns 6,017 shares of the entertainment giant’s stock worth $579,000 after buying an additional 110 shares during the last quarter. 65.71% of the stock is owned by hedge funds and other 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.