Moffett Nathanson Cuts Walt Disney (NYSE:DIS) Price Target to $125.00

Walt Disney (NYSE:DIS) had its price objective lowered by Moffett Nathanson from $130.00 to $125.00 in a research report report published on Tuesday, Marketbeat.com reports. Moffett Nathanson currently has a buy rating on the entertainment giant’s stock.

DIS has been the topic of a number of other research reports. Loop Capital increased their price objective on shares of Walt Disney from $113.00 to $140.00 and gave the stock a buy rating in a report on Monday, May 6th. Guggenheim boosted their price objective on shares of Walt Disney from $125.00 to $140.00 and gave the stock a buy rating in a research report on Wednesday, April 3rd. Evercore ISI decreased their price objective on Walt Disney from $130.00 to $128.00 and set an outperform rating on the stock in a research report on Wednesday, May 8th. Morgan Stanley lifted their target price on Walt Disney from $110.00 to $135.00 and gave the company an overweight rating in a research note on Monday, March 4th. Finally, Bank of America upped their price target on Walt Disney from $130.00 to $145.00 and gave the company a buy rating in a research note on Monday, April 1st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-three have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average target price of $126.44.

Walt Disney Price Performance

Shares of Walt Disney stock opened at $98.61 on Tuesday. The stock has a market capitalization of $179.77 billion, a price-to-earnings ratio of 107.19, a P/E/G ratio of 1.22 and a beta of 1.40. The firm’s 50-day moving average price is $103.86 and its two-hundred day moving average price is $104.76. The company has a current ratio of 0.75, a quick ratio of 0.69 and a debt-to-equity ratio of 0.38. Walt Disney has a 1-year low of $78.73 and a 1-year high of $123.74.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. The business had revenue of $22.08 billion for the quarter, compared to analyst estimates of $22.12 billion. Walt Disney had a return on equity of 8.37% and a net margin of 1.90%. Walt Disney’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.93 EPS. On average, equities analysts predict that Walt Disney will post 4.75 earnings per share for the current fiscal year.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, Director James P. Gorman purchased 20,000 shares of the company’s stock in a transaction dated Wednesday, May 8th. The shares were bought at an average price of $106.03 per share, with a total value of $2,120,600.00. Following the completion of the transaction, the director now directly owns 20,467 shares in the company, valued at approximately $2,170,116.01. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director James P. Gorman acquired 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The shares were acquired at an average cost of $106.03 per share, with a total value of $2,120,600.00. Following the transaction, the director now owns 20,467 shares of the company’s stock, valued at approximately $2,170,116.01. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Sonia L. Coleman sold 4,400 shares of the stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $106.00, for a total value of $466,400.00. The disclosure for this sale can be found here. Insiders own 0.10% of the company’s stock.

Hedge Funds Weigh In On Walt Disney

A number of large investors have recently modified their holdings of the business. ESL Trust Services LLC acquired a new position in Walt Disney during the first quarter valued at approximately $31,000. Planned Solutions Inc. bought a new stake in shares of Walt Disney during the 4th quarter worth approximately $26,000. Gold Investment Management Ltd. acquired a new stake in shares of Walt Disney in the 4th quarter valued at approximately $28,000. Partnership Wealth Management LLC bought a new position in shares of Walt Disney in the fourth quarter valued at $33,000. Finally, Stone House Investment Management LLC increased its holdings in Walt Disney by 355.3% during the fourth quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock worth $31,000 after buying an additional 270 shares during the last quarter. 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.