Walt Disney (NYSE:DIS) Given New $91.00 Price Target at Macquarie

Walt Disney (NYSE:DIS) had its price objective lowered by Macquarie from $94.00 to $91.00 in a research report released on Thursday morning, Benzinga reports. The firm currently has a neutral rating on the entertainment giant’s stock.

Other analysts also recently issued reports about the company. Wells Fargo & Company reduced their target price on Walt Disney from $136.00 to $116.00 and set an overweight rating for the company in a report on Thursday, August 8th. Raymond James decreased their price objective on Walt Disney from $123.00 to $101.00 and set an outperform rating for the company in a report on Thursday, August 8th. The Goldman Sachs Group began coverage on shares of Walt Disney in a report on Tuesday, June 25th. They issued a buy rating and a $125.00 target price on the stock. UBS Group decreased their price target on shares of Walt Disney from $130.00 to $120.00 and set a buy rating for the company in a research note on Thursday, August 8th. Finally, Needham & Company LLC dropped their price objective on shares of Walt Disney from $145.00 to $110.00 and set a buy rating on the stock in a research note on Thursday, August 8th. Three research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat.com, Walt Disney has an average rating of Moderate Buy and an average target price of $118.43.

Walt Disney Stock Performance

Shares of DIS opened at $93.75 on Thursday. The company has a market capitalization of $170.91 billion, a price-to-earnings ratio of 101.90, a price-to-earnings-growth ratio of 1.31 and a beta of 1.40. Walt Disney has a 52-week low of $78.73 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 stock has a 50 day moving average price of $90.67 and a 200 day moving average price of $101.83.

Walt Disney (NYSE:DIS) last issued its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.19. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The business had revenue of $23.20 billion during the quarter, compared to analysts’ expectations of $23.08 billion. During the same quarter in the prior year, the business posted $1.03 EPS. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. Research analysts predict that Walt Disney will post 4.92 EPS for the current fiscal year.

Insider Transactions at Walt Disney

In related news, Director Calvin Mcdonald acquired 11,756 shares of Walt Disney stock in a transaction that occurred on Thursday, August 8th. The stock was purchased at an average price of $85.06 per share, for a total transaction of $999,965.36. Following the completion of the purchase, the director now directly owns 22,313 shares of the company’s stock, valued at $1,897,943.78. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.10% of the company’s stock.

Hedge Funds Weigh In On Walt Disney

Hedge funds have recently bought and sold shares of the company. Gold Investment Management Ltd. purchased a new stake in shares of Walt Disney in the fourth quarter valued at about $28,000. ESL Trust Services LLC purchased a new stake in Walt Disney in the 1st quarter valued at approximately $31,000. William B. Walkup & Associates Inc. purchased a new stake in Walt Disney in the 2nd quarter valued at approximately $32,000. Frank Rimerman Advisors LLC acquired a new stake in Walt Disney during the 4th quarter valued at $37,000. Finally, Mascoma Wealth Management LLC increased its position in Walt Disney by 38.0% during the second quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock worth $44,000 after buying an additional 122 shares in the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

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.