Wells Fargo & Company Raises Walt Disney (NYSE:DIS) Price Target to $141.00

Walt Disney (NYSE:DIS) had its price target lifted by Wells Fargo & Company from $128.00 to $141.00 in a research note released on Tuesday morning, Benzinga reports. They currently have an overweight rating on the entertainment giant’s stock.

Other equities analysts have also recently issued research reports about the company. Rosenblatt Securities boosted their price objective on Walt Disney from $129.00 to $137.00 and gave the stock a buy rating in a research report on Tuesday, April 2nd. JPMorgan Chase & Co. initiated coverage on Walt Disney in a research report on Thursday, April 11th. They set an overweight rating and a $140.00 price objective for the company. Bank of America boosted their price objective on Walt Disney from $130.00 to $145.00 and gave the stock a buy rating in a research report on Monday, April 1st. Barclays upgraded Walt Disney from an equal weight rating to an overweight rating and boosted their price target for the company from $95.00 to $135.00 in a research note on Monday, March 25th. Finally, Argus boosted their price target on Walt Disney from $125.00 to $140.00 and gave the company a buy rating in a research note on Wednesday, April 10th. One analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-two have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average target price of $125.08.

Walt Disney Price Performance

Shares of NYSE:DIS opened at $112.74 on Tuesday. Walt Disney has a fifty-two week low of $78.73 and a fifty-two week high of $123.74. The business has a 50-day moving average of $114.16 and a two-hundred day moving average of $99.46. The stock has a market capitalization of $206.80 billion, a P/E ratio of 69.59, a P/E/G ratio of 1.40 and a beta of 1.42. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.84 and a quick ratio of 0.77.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.25. Walt Disney had a return on equity of 7.88% and a net margin of 3.36%. The business had revenue of $23.50 billion during the quarter, compared to analysts’ expectations of $23.71 billion. During the same quarter in the previous year, the firm earned $0.99 EPS. The firm’s revenue was down .1% compared to the same quarter last year. On average, equities research analysts predict that Walt Disney will post 4.66 EPS for the current fiscal year.

Walt Disney Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Thursday, July 25th. Investors of record on Monday, July 8th will be paid a dividend of $0.45 per share. This represents a yield of 0.5%. The ex-dividend date of this dividend is Monday, July 8th. Walt Disney’s payout ratio is presently 18.52%.

Insiders Place Their Bets

In other Walt Disney news, EVP Sonia L. Coleman sold 1,857 shares of Walt Disney stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $121.92, for a total transaction of $226,405.44. Following the transaction, the executive vice president now directly owns 4,400 shares in the company, valued at $536,448. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DIS. Trian Fund Management L.P. lifted its holdings in Walt Disney by 411.6% during the third quarter. Trian Fund Management L.P. now owns 32,868,307 shares of the entertainment giant’s stock worth $2,663,976,000 after acquiring an additional 26,443,257 shares in the last quarter. Norges Bank acquired a new stake in shares of Walt Disney in the 4th quarter valued at about $1,938,647,000. ValueAct Holdings L.P. acquired a new stake in shares of Walt Disney in the 4th quarter valued at about $459,245,000. First Eagle Investment Management LLC acquired a new stake in shares of Walt Disney in the 3rd quarter valued at about $326,171,000. Finally, International Assets Investment Management LLC raised its stake in shares of Walt Disney by 8,681.3% in the 4th quarter. International Assets Investment Management LLC now owns 3,349,709 shares of the entertainment giant’s stock valued at $302,445,000 after purchasing an additional 3,311,563 shares during the period. 65.71% of the stock is currently owned by institutional investors.

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.