Macquarie Issues Positive Forecast for Walt Disney (NYSE:DIS) Stock Price

Walt Disney (NYSE:DIS) had its target price upped by investment analysts at Macquarie from $91.00 to $110.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has a “neutral” rating on the entertainment giant’s stock. Macquarie’s price target indicates a potential downside of 4.41% from the stock’s previous close.

DIS has been the subject of a number of other research reports. Morgan Stanley reduced their target price on Walt Disney from $130.00 to $110.00 and set an “overweight” rating for the company in a report on Monday, August 5th. UBS Group reduced their price objective on Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Evercore ISI lifted their target price on shares of Walt Disney from $105.00 to $128.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Barclays reduced their target price on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Finally, Needham & Company LLC restated a “buy” rating and set a $110.00 price target on shares of Walt Disney in a research report on Wednesday, October 23rd. Five equities 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 company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $123.57.

Walt Disney Stock Up 5.5 %

DIS stock opened at $115.08 on Friday. Walt Disney has a 52 week low of $83.91 and a 52 week high of $123.74. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.38. The firm has a 50-day simple moving average of $95.57 and a 200-day simple moving average of $96.69. The stock has a market capitalization of $208.71 billion, a P/E ratio of 44.26, a P/E/G ratio of 1.67 and a beta of 1.40.

Hedge Funds Weigh In On Walt Disney

Several large investors have recently made changes to their positions in DIS. Concurrent Investment Advisors LLC lifted its stake in Walt Disney by 8.4% during the third quarter. Concurrent Investment Advisors LLC now owns 66,744 shares of the entertainment giant’s stock worth $6,420,000 after purchasing an additional 5,184 shares in the last quarter. Summit Global Investments raised its holdings in shares of Walt Disney by 476.0% in the 3rd quarter. Summit Global Investments now owns 12,379 shares of the entertainment giant’s stock valued at $1,191,000 after buying an additional 10,230 shares during the period. Lmcg Investments LLC lifted its stake in Walt Disney by 18.6% during the 3rd quarter. Lmcg Investments LLC now owns 147,353 shares of the entertainment giant’s stock worth $14,174,000 after acquiring an additional 23,116 shares in the last quarter. American Assets Inc. purchased a new position in Walt Disney during the 3rd quarter valued at about $962,000. Finally, ICICI Prudential Asset Management Co Ltd grew its position in Walt Disney by 92.0% in the 3rd quarter. ICICI Prudential Asset Management Co Ltd now owns 92,938 shares of the entertainment giant’s stock valued at $8,940,000 after acquiring an additional 44,535 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

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.