Sanford C. Bernstein Issues Positive Forecast for Walt Disney (NYSE:DIS) Stock Price

Walt Disney (NYSE:DIS) had its price target increased by Sanford C. Bernstein from $115.00 to $120.00 in a research note published on Friday morning,Benzinga reports. The firm currently has an outperform rating on the entertainment giant’s stock.

A number of other research analysts also recently weighed in on the company. Evercore ISI increased their price target on Walt Disney from $105.00 to $128.00 and gave the company an “outperform” rating in a research note on Tuesday. Macquarie raised their target price on Walt Disney from $91.00 to $110.00 and gave the stock a “neutral” rating in a report on Friday. Wells Fargo & Company increased their price target on shares of Walt Disney from $116.00 to $138.00 and gave the company an “overweight” rating in a research report on Friday. Raymond James reissued a “market perform” rating on shares of Walt Disney in a research note on Tuesday, October 1st. Finally, Loop Capital reduced their price target on shares of Walt Disney from $139.00 to $130.00 and set a “buy” rating for the company in a report on Tuesday, July 30th. Five equities 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 stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $123.57.

Walt Disney Price Performance

DIS traded up $5.96 during midday trading on Friday, hitting $115.08. The company 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 quick ratio of 0.66 and a current ratio of 0.72. Walt Disney has a twelve month low of $83.91 and a twelve month high of $123.74. The company has a market capitalization of $208.71 billion, a PE ratio of 44.25, a P/E/G ratio of 1.67 and a beta of 1.40. The firm’s 50-day simple moving average is $95.57 and its 200-day simple moving average is $96.79.

Institutional Investors Weigh In On Walt Disney

A number of institutional investors have recently made changes to their positions in DIS. Capital World Investors boosted its position 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 acquiring an additional 6,084,993 shares during the period. Swedbank AB bought a new stake in Walt Disney in the 1st quarter valued at about $493,715,000. Farallon Capital Management LLC acquired a new stake in Walt Disney during the second quarter worth approximately $355,673,000. Ontario Teachers Pension Plan Board acquired a new stake in shares of Walt Disney during the 1st quarter worth $425,567,000. Finally, International Assets Investment Management LLC raised its position in shares of Walt Disney by 12,574.4% in 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 buying an additional 3,399,359 shares in the last quarter. 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.