Walt Disney (NYSE:DIS) Price Target Increased to $141.00 by Analysts at Wells Fargo & Company

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

Other analysts have also recently issued research reports about the company. Guggenheim increased their target price on Walt Disney from $125.00 to $140.00 and gave the company a buy rating in a research report on Wednesday, April 3rd. Deutsche Bank Aktiengesellschaft decreased their price objective on Walt Disney from $115.00 to $110.00 and set a buy rating for the company in a report on Wednesday, February 7th. Bank of America increased their price objective on Walt Disney from $130.00 to $145.00 and gave the company a buy rating in a report on Monday, April 1st. Macquarie increased their price objective on Walt Disney from $94.00 to $104.00 and gave the company a neutral rating in a report on Thursday, February 8th. Finally, Tigress Financial reiterated a buy rating and set a $136.00 price objective on shares of Walt Disney in a report on Wednesday, February 21st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-two have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of Moderate Buy and an average target price of $125.08.

Walt Disney Stock Up 1.5 %

Shares of NYSE DIS opened at $113.72 on Tuesday. The company has a current ratio of 0.84, a quick ratio of 0.77 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $208.59 billion, a PE ratio of 70.19, a price-to-earnings-growth ratio of 1.38 and a beta of 1.42. The stock’s fifty day simple moving average is $114.10 and its two-hundred day simple moving average is $99.27. Walt Disney has a 12-month low of $78.73 and a 12-month high of $123.74.

Walt Disney (NYSE:DIS) last announced its earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.25. The business had revenue of $23.50 billion for 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 business’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter last year, the firm earned $0.99 EPS. As a group, analysts expect that Walt Disney will post 4.66 EPS for the current fiscal year.

Walt Disney Cuts Dividend

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

Insider Buying and Selling

In related 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 value of $226,405.44. Following the sale, the executive vice president now directly owns 4,400 shares in the company, valued at approximately $536,448. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in DIS. Wetzel Investment Advisors Inc. raised its position in shares of Walt Disney by 7.5% during the 1st quarter. Wetzel Investment Advisors Inc. now owns 1,471 shares of the entertainment giant’s stock valued at $165,000 after buying an additional 102 shares during the period. IRON Financial LLC purchased a new stake in shares of Walt Disney during the 1st quarter valued at approximately $204,000. Godsey & Gibb Inc. raised its position in shares of Walt Disney by 3.2% during the 1st quarter. Godsey & Gibb Inc. now owns 161,961 shares of the entertainment giant’s stock valued at $19,818,000 after buying an additional 4,969 shares during the period. Charter Oak Capital Management LLC raised its position in shares of Walt Disney by 3.2% during the 1st quarter. Charter Oak Capital Management LLC now owns 3,955 shares of the entertainment giant’s stock valued at $484,000 after buying an additional 123 shares during the period. Finally, Iowa State Bank raised its position in shares of Walt Disney by 3.2% during the 1st quarter. Iowa State Bank now owns 23,376 shares of the entertainment giant’s stock valued at $2,860,000 after buying an additional 730 shares during the period. 65.71% of the stock is currently owned by institutional investors and hedge funds.

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.