Walt Disney (NYSE:DIS) Price Target Raised to $131.00

Walt Disney (NYSE:DIS) had its price objective lifted by Deutsche Bank Aktiengesellschaft from $115.00 to $131.00 in a research report sent to investors on Friday morning,Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the entertainment giant’s stock.

Several other analysts have also issued reports on DIS. Needham & Company LLC reiterated a “buy” rating and issued a $110.00 target price on shares of Walt Disney in a research report on Wednesday, October 23rd. Macquarie lowered their price target on shares of Walt Disney from $94.00 to $91.00 and set a “neutral” rating on the stock in a research report on Thursday, September 19th. Piper Sandler began coverage on shares of Walt Disney in a research report on Wednesday, October 16th. They set a “neutral” rating and a $95.00 price target on the stock. Barclays lowered their price target on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Finally, Morgan Stanley lowered their price target on shares of Walt Disney from $130.00 to $110.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. Five investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Walt Disney presently has a consensus rating of “Moderate Buy” and an average price target of $123.57.

Walt Disney Stock Up 5.5 %

Shares of NYSE DIS opened at $115.08 on Friday. The company’s 50-day simple moving average is $95.57 and its 200-day simple moving average is $96.60. Walt Disney has a 52-week low of $83.91 and a 52-week high of $123.74. The firm has a market cap of $208.71 billion, a price-to-earnings ratio of 42.46, a price-to-earnings-growth ratio of 1.87 and a beta of 1.40. The company has a quick ratio of 0.66, a current ratio of 0.73 and a debt-to-equity ratio of 0.37.

Institutional Investors Weigh In On Walt Disney

A number of large investors have recently added to or reduced their stakes in the business. Quent Capital LLC grew its position in shares of Walt Disney by 4.4% during the first quarter. Quent Capital LLC now owns 7,766 shares of the entertainment giant’s stock worth $950,000 after buying an additional 327 shares in the last quarter. Spirepoint Private Client LLC bought a new stake in shares of Walt Disney during the first quarter valued at about $239,000. TIAA Trust National Association raised its stake in shares of Walt Disney by 1.8% during the first quarter. TIAA Trust National Association now owns 92,130 shares of the entertainment giant’s stock valued at $11,273,000 after purchasing an additional 1,621 shares in the last quarter. Connors Investor Services Inc. bought a new stake in shares of Walt Disney during the first quarter valued at about $10,474,000. Finally, Blue Barn Wealth LLC raised its stake in shares of Walt Disney by 16.4% during the first quarter. Blue Barn Wealth LLC now owns 2,702 shares of the entertainment giant’s stock valued at $331,000 after purchasing an additional 381 shares in the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

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.