Walt Disney (NYSE:DIS) Given New $138.00 Price Target at Wells Fargo & Company

Walt Disney (NYSE:DIS) had its price target boosted by Wells Fargo & Company from $116.00 to $138.00 in a research report released on Friday,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the entertainment giant’s stock.

A number of other brokerages have also recently commented on DIS. Evercore ISI increased their price target on shares of Walt Disney from $105.00 to $128.00 and gave the company an “outperform” rating in a research report on Tuesday. Seaport Res Ptn upgraded Walt Disney from a “hold” rating to a “strong-buy” rating in a report on Monday, September 30th. Loop Capital dropped their price objective on Walt Disney from $139.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday, July 30th. JPMorgan Chase & Co. cut their price target on shares of Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Finally, Raymond James reissued a “market perform” rating on shares of Walt Disney in a research note on Tuesday, October 1st. Five research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $123.57.

Walt Disney Price Performance

NYSE:DIS traded up $5.96 during trading hours on Friday, hitting $115.08. The stock had a trading volume of 32,048,032 shares, compared to its average volume of 11,005,124. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.72 and a quick ratio of 0.66. The company has a 50 day simple moving average of $95.57 and a two-hundred day simple moving average of $96.79. The firm has a market capitalization of $208.71 billion, a price-to-earnings ratio of 44.25, a P/E/G ratio of 1.67 and a beta of 1.40. Walt Disney has a one year low of $83.91 and a one year high of $123.74.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Geode Capital Management LLC increased its holdings in Walt Disney by 3.8% in the 3rd quarter. Geode Capital Management LLC now owns 37,672,320 shares of the entertainment giant’s stock worth $3,609,833,000 after buying an additional 1,393,082 shares in the last quarter. Brophy Wealth Management LLC purchased a new position in shares of Walt Disney during the third quarter valued at approximately $729,000. Conway Capital Management Inc. purchased a new position in shares of Walt Disney during the third quarter valued at approximately $223,000. Executive Wealth Management LLC purchased a new stake in Walt Disney in the third quarter worth approximately $227,000. Finally, Nabity Jensen Investment Management Inc bought a new stake in Walt Disney in the 3rd quarter worth approximately $550,000. 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.