Walt Disney (NYSE:DIS) Price Target Increased to $140.00 by Analysts at Loop Capital

Walt Disney (NYSE:DIS) had its target price boosted by Loop Capital from $113.00 to $140.00 in a report issued on Monday morning, Benzinga reports. They currently have a buy rating on the entertainment giant’s stock.

Other equities research analysts have also issued reports about the company. Guggenheim raised their price target on Walt Disney from $125.00 to $140.00 and gave the stock a buy rating in a research note on Wednesday, April 3rd. The Goldman Sachs Group cut their price target on Walt Disney from $125.00 to $120.00 and set a buy rating on the stock in a research note on Thursday, February 8th. Tigress Financial reissued a buy rating and set a $136.00 price objective on shares of Walt Disney in a report on Wednesday, February 21st. Daiwa Capital Markets reiterated a buy rating and issued a $133.00 price target on shares of Walt Disney in a report on Monday, April 1st. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Walt Disney from $125.00 to $130.00 and gave the stock a buy rating in a research note on Monday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-three have given a buy rating to the stock. According to data from MarketBeat, Walt Disney currently has a consensus rating of Moderate Buy and an average target price of $127.17.

Walt Disney Price Performance

Walt Disney stock opened at $107.82 on Monday. The stock has a market cap of $197.78 billion, a price-to-earnings ratio of 71.90, a PEG ratio of 1.39 and a beta of 1.40. The company has a quick ratio of 0.77, a current ratio of 0.84 and a debt-to-equity ratio of 0.39. The business has a 50-day simple moving average of $114.67 and a 200 day simple moving average of $101.05. Walt Disney has a 52 week low of $78.73 and a 52 week high of $123.74.

Walt Disney (NYSE:DIS) last released its earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.25. The firm had revenue of $23.50 billion during the quarter, compared to analysts’ expectations of $23.71 billion. Walt Disney had a return on equity of 7.88% and a net margin of 3.36%. The firm’s revenue was down .1% on a year-over-year basis. During the same quarter last year, the business posted $0.99 earnings per share. On average, research analysts forecast that Walt Disney will post 4.7 earnings per share for the current fiscal year.

Walt Disney Cuts Dividend

The business also recently declared a semi-annual dividend, which will be paid on Thursday, July 25th. Shareholders of record on Monday, July 8th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Monday, July 8th. This represents a yield of 0.5%. Walt Disney’s dividend payout ratio (DPR) is 18.52%.

Insider Buying and Selling

In related news, EVP Sonia L. Coleman sold 1,857 shares of the stock in a transaction on Monday, April 1st. The shares were sold at an average price of $121.92, for a total transaction of $226,405.44. Following the completion of the sale, the executive vice president now owns 4,400 shares in the company, valued at approximately $536,448. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.10% of the company’s stock.

Hedge Funds Weigh In On Walt Disney

Hedge funds have recently bought and sold shares of the company. Trian Fund Management L.P. lifted its holdings in shares of Walt Disney by 411.6% during the 3rd quarter. Trian Fund Management L.P. now owns 32,868,307 shares of the entertainment giant’s stock valued at $2,663,976,000 after acquiring an additional 26,443,257 shares in the last quarter. Norges Bank bought a new position in shares of Walt Disney in the 4th quarter worth about $1,938,647,000. Jennison Associates LLC bought a new position in shares of Walt Disney during the first quarter valued at approximately $1,490,492,000. ValueAct Holdings L.P. bought a new position in shares of Walt Disney during the fourth quarter worth about $459,245,000. Finally, First Eagle Investment Management LLC bought a new stake in shares of Walt Disney during the third quarter valued at approximately $326,171,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

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.