JPMorgan Chase & Co. Boosts Walt Disney (NYSE:DIS) Price Target to $160.00

Walt Disney (NYSE:DIS) had its target price lifted by research analysts at JPMorgan Chase & Co. from $150.00 to $160.00 in a research note issued to investors on Thursday, Briefing.com Automated Import reports. The firm currently has an “overweight” rating on the entertainment giant’s stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 8.36% from the stock’s current price.

DIS has been the topic of several other research reports. Credit Suisse Group set a $163.00 price target on shares of Walt Disney and gave the company a “buy” rating in a research note on Wednesday, November 13th. Wells Fargo & Co dropped their price target on shares of Walt Disney from $173.00 to $167.00 and set an “outperform” rating on the stock in a research note on Friday, November 8th. Argus raised their price target on shares of Walt Disney from $143.00 to $160.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Evercore ISI restated a “buy” rating and issued a $155.00 price target on shares of Walt Disney in a research note on Monday, November 11th. Finally, Tigress Financial restated a “buy” rating on shares of Walt Disney in a research note on Monday, August 26th. Seven equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. Walt Disney currently has a consensus rating of “Buy” and an average target price of $152.52.

Shares of NYSE:DIS traded up $2.98 during trading hours on Thursday, hitting $147.65. The stock had a trading volume of 14,865,805 shares, compared to its average volume of 10,432,121. The stock’s fifty day simple moving average is $133.17 and its 200 day simple moving average is $136.44. Walt Disney has a 1-year low of $100.35 and a 1-year high of $150.63. The firm has a market capitalization of $265.94 billion, a price-to-earnings ratio of 25.59, a PEG ratio of 5.50 and a beta of 0.96. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.84 and a current ratio of 0.89.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Thursday, November 7th. The entertainment giant reported $1.07 EPS for the quarter, beating the consensus estimate of $0.95 by $0.12. Walt Disney had a net margin of 15.89% and a return on equity of 11.38%. The company had revenue of $19.10 billion for the quarter, compared to analyst estimates of $19.02 billion. During the same quarter last year, the business earned $1.48 earnings per share. Walt Disney’s revenue was up 33.6% compared to the same quarter last year. As a group, research analysts anticipate that Walt Disney will post 5.62 EPS for the current year.

In related news, CFO Christine M. Mccarthy sold 4,617 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $139.20, for a total transaction of $642,686.40. Following the transaction, the chief financial officer now owns 135,756 shares in the company, valued at $18,897,235.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Brent Woodford sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $149.00, for a total transaction of $596,000.00. Following the transaction, the executive vice president now owns 36,479 shares in the company, valued at approximately $5,435,371. The disclosure for this sale can be found here. 0.36% of the stock is owned by company insiders.

Institutional investors have recently bought and sold shares of the business. Marshall Wace LLP grew its position in Walt Disney by 571.8% in the second quarter. Marshall Wace LLP now owns 1,168,468 shares of the entertainment giant’s stock worth $163,166,000 after buying an additional 994,529 shares during the last quarter. Koshinski Asset Management Inc. grew its position in Walt Disney by 6.4% in the second quarter. Koshinski Asset Management Inc. now owns 11,115 shares of the entertainment giant’s stock worth $1,552,000 after buying an additional 667 shares during the last quarter. Halbert Hargrove Russell LLC acquired a new position in Walt Disney in the second quarter worth approximately $599,000. Markel Corp grew its position in Walt Disney by 0.9% in the second quarter. Markel Corp now owns 1,823,000 shares of the entertainment giant’s stock worth $254,564,000 after buying an additional 16,500 shares during the last quarter. Finally, Cramer Rosenthal Mcglynn LLC acquired a new position in Walt Disney in the second quarter worth approximately $15,573,000. Hedge funds and other institutional investors own 68.90% of the company’s stock.

Walt Disney Company Profile

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses.

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Analyst Recommendations for Walt Disney (NYSE:DIS)

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