Walt Disney (NYSE:DIS) Stock Price Expected to Rise, Bank of America Analyst Says

Walt Disney (NYSE:DIS) had its price objective hoisted by equities research analysts at Bank of America from $120.00 to $140.00 in a report released on Friday,Benzinga reports. The firm currently has a “buy” rating on the entertainment giant’s stock. Bank of America‘s price objective would suggest a potential upside of 28.29% from the company’s current price.

DIS has been the subject of several other research reports. Wells Fargo & Company raised their target price on shares of Walt Disney from $116.00 to $138.00 and gave the stock an “overweight” rating in a research note on Friday. Needham & Company LLC reissued a “buy” rating and issued a $110.00 price target on shares of Walt Disney in a report on Wednesday, October 23rd. Loop Capital dropped their price objective on Walt Disney from $139.00 to $130.00 and set a “buy” rating on the stock in a report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft increased their price objective on Walt Disney from $115.00 to $131.00 and gave the stock a “buy” rating in a research report on Friday. 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 note on Monday, August 5th. Four equities research 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. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $122.68.

Walt Disney Stock Up 6.2 %

DIS opened at $109.13 on Friday. Walt Disney has a 52 week low of $83.91 and a 52 week high of $123.74. The business has a 50 day moving average price of $94.62 and a two-hundred day moving average price of $96.69. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.38. The company has a market cap of $197.92 billion, a PE ratio of 41.97, a P/E/G ratio of 1.67 and a beta of 1.40.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. ESL Trust Services LLC purchased a new stake in Walt Disney in the first quarter valued at approximately $31,000. William B. Walkup & Associates Inc. purchased a new stake in shares of Walt Disney during the 2nd quarter valued at $32,000. Mascoma Wealth Management LLC increased its holdings in shares of Walt Disney by 38.0% during the 2nd quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock worth $44,000 after buying an additional 122 shares during the last quarter. First PREMIER Bank raised its position in shares of Walt Disney by 98.1% in the 3rd quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock worth $50,000 after buying an additional 256 shares during the period. Finally, FSA Wealth Management LLC purchased a new stake in Walt Disney during the third quarter valued at about $51,000. Institutional investors and hedge funds 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.