Walt Disney (NYSE:DIS) Price Target Raised to $130.00 at Guggenheim

Walt Disney (NYSE:DIS) had its price target hoisted by stock analysts at Guggenheim from $110.00 to $130.00 in a report released on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the entertainment giant’s stock. Guggenheim’s price target would indicate a potential upside of 14.22% from the company’s previous close.

DIS has been the subject of a number of other reports. UBS Group cut their target price on Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Sanford C. Bernstein increased their price objective on Walt Disney from $115.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday. Piper Sandler began coverage on shares of Walt Disney in a research note on Wednesday, October 16th. They set a “neutral” rating and a $95.00 price target on the stock. Macquarie increased their price target on shares of Walt Disney from $91.00 to $110.00 and gave the company a “neutral” rating in a report on Friday. Finally, Morgan Stanley boosted their price objective on shares of Walt Disney from $110.00 to $125.00 and gave the stock an “overweight” rating in a report on Friday. Five investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Walt Disney has a consensus rating of “Moderate Buy” and an average price target of $122.70.

Walt Disney Stock Performance

Shares of NYSE:DIS traded up $4.70 during midday trading on Friday, hitting $113.82. The stock had a trading volume of 17,189,654 shares, compared to its average volume of 10,938,443. The company has a market capitalization of $206.42 billion, a PE ratio of 43.78, a P/E/G ratio of 1.67 and a beta of 1.40. Walt Disney has a 1 year low of $83.91 and a 1 year high of $123.74. The stock has a 50 day moving average price of $95.03 and a two-hundred day moving average price of $96.77. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.38.

Institutional Trading of Walt Disney

A number of institutional investors have recently modified their holdings of the company. ESL Trust Services LLC purchased a new stake in shares of Walt Disney during the first quarter worth about $31,000. William B. Walkup & Associates Inc. bought a new stake in shares of Walt Disney in the 2nd quarter worth about $32,000. Mascoma Wealth Management LLC raised its stake in shares of Walt Disney by 38.0% in the 2nd quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock valued at $44,000 after purchasing an additional 122 shares in the last quarter. First PREMIER Bank lifted its position in shares of Walt Disney by 98.1% during the third quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock worth $50,000 after purchasing an additional 256 shares during the last quarter. Finally, FSA Wealth Management LLC acquired a new stake in Walt Disney during the third quarter valued at approximately $51,000. Hedge funds and other 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.