Evercore ISI Forecasts Strong Price Appreciation for Walt Disney (NYSE:DIS) Stock

Walt Disney (NYSE:DIS) had its price objective boosted by investment analysts at Evercore ISI from $128.00 to $134.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has an “outperform” rating on the entertainment giant’s stock. Evercore ISI’s price target would indicate a potential upside of 17.65% from the stock’s previous close.

DIS has been the topic of several other reports. Sanford C. Bernstein upped their price target on shares of Walt Disney from $115.00 to $120.00 and gave the company an “outperform” rating in a report on Friday. Deutsche Bank Aktiengesellschaft raised their target price on Walt Disney from $115.00 to $131.00 and gave the stock a “buy” rating in a report on Friday. Raymond James restated a “market perform” rating on shares of Walt Disney in a research report on Tuesday, October 1st. JPMorgan Chase & Co. cut their target price on shares of Walt Disney from $135.00 to $125.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Finally, Bank of America increased their price target on shares of Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a report on Friday. Five 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 company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $123.83.

Walt Disney Stock Performance

NYSE DIS traded down $1.18 on Monday, hitting $113.90. 2,568,532 shares of the company’s stock traded hands, compared to its average volume of 10,967,540. The firm’s 50-day moving average price is $95.57 and its two-hundred day moving average price is $96.60. The firm has a market capitalization of $206.57 billion, a PE ratio of 41.94, a P/E/G ratio of 1.87 and a beta of 1.40. The company has a current ratio of 0.73, a quick ratio of 0.66 and a debt-to-equity ratio of 0.37. Walt Disney has a 1-year low of $83.91 and a 1-year high of $123.74.

Institutional Trading of Walt Disney

A number of hedge funds have recently bought and sold shares of DIS. Capital World Investors increased its holdings in shares of Walt Disney by 3,332.4% in the first quarter. Capital World Investors now owns 6,267,593 shares of the entertainment giant’s stock valued at $766,903,000 after purchasing an additional 6,084,993 shares during the last quarter. Swedbank AB acquired a new stake in shares of Walt Disney in the 1st quarter worth $493,715,000. Farallon Capital Management LLC purchased a new position in shares of Walt Disney during the 2nd quarter worth $355,673,000. International Assets Investment Management LLC boosted its position in shares of Walt Disney by 12,574.4% during the 3rd quarter. International Assets Investment Management LLC now owns 3,426,393 shares of the entertainment giant’s stock valued at $329,585,000 after acquiring an additional 3,399,359 shares during the last quarter. Finally, FMR LLC grew its holdings in shares of Walt Disney by 8.7% in the third quarter. FMR LLC now owns 34,416,668 shares of the entertainment giant’s stock valued at $3,310,539,000 after purchasing an additional 2,765,389 shares during the period. Institutional investors and hedge funds 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.