Needham & Company LLC Forecasts Strong Price Appreciation for Walt Disney (NYSE:DIS) Stock

Walt Disney (NYSE:DIS) had its target price raised by Needham & Company LLC from $110.00 to $130.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the entertainment giant’s stock. Needham & Company LLC’s price target points to a potential upside of 12.96% from the company’s previous close.

Several other brokerages have also recently issued reports on DIS. Wells Fargo & Company lifted 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. Raymond James restated a “market perform” rating on shares of Walt Disney in a report on Tuesday, October 1st. Guggenheim upped their price objective on Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a report on Friday. Seaport Res Ptn raised Walt Disney from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 30th. Finally, Sanford C. Bernstein lifted their target price on Walt Disney from $115.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday. Five research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $123.57.

Walt Disney Trading Up 5.5 %

Shares of Walt Disney stock opened at $115.08 on Friday. Walt Disney has a twelve month low of $83.91 and a twelve month high of $123.74. The firm’s 50-day moving average price is $95.57 and its 200 day moving average price is $96.69. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $208.71 billion, a PE ratio of 44.26, a P/E/G ratio of 1.67 and a beta of 1.40.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. ESL Trust Services LLC purchased a new position in Walt Disney during the 1st quarter worth $31,000. William B. Walkup & Associates Inc. purchased a new position in Walt Disney during the second quarter worth about $32,000. Mascoma Wealth Management LLC increased its position in 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 purchasing an additional 122 shares during the period. First PREMIER Bank boosted its stake in shares of Walt Disney by 98.1% in the third quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock valued at $50,000 after buying an additional 256 shares in the last quarter. Finally, FSA Wealth Management LLC acquired a new position in Walt Disney during the third quarter worth $51,000. 65.71% of the stock is currently owned by hedge funds and other 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.