Sanford C. Bernstein Increases Walt Disney (NYSE:DIS) Price Target to $120.00

Walt Disney (NYSE:DIS) had its price objective lifted by Sanford C. Bernstein from $115.00 to $120.00 in a report released on Friday,Benzinga reports. They currently have an outperform rating on the entertainment giant’s stock.

Other equities research analysts have also recently issued research reports about the company. Barclays lowered their price objective on Walt Disney from $130.00 to $105.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Seaport Res Ptn raised shares of Walt Disney from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 30th. JPMorgan Chase & Co. reduced their price target on shares of Walt Disney from $135.00 to $125.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Bank of America reduced their price objective on shares of Walt Disney from $145.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $110.00 price target on shares of Walt Disney in a research note on Wednesday, October 23rd. Five analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $123.57.

Walt Disney Trading Up 5.5 %

Shares of NYSE:DIS traded up $5.96 during mid-day trading on Friday, reaching $115.08. 32,048,032 shares of the company’s stock were exchanged, compared to its average volume of 11,005,124. The firm has a market capitalization of $208.71 billion, a price-to-earnings ratio of 44.25, a PEG ratio of 1.67 and a beta of 1.40. Walt Disney has a twelve month low of $83.91 and a twelve month high of $123.74. The business’s fifty day moving average price is $95.57 and its 200-day moving average price is $96.79. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.66 and a current ratio of 0.72.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. State Street Corp increased its stake in shares of Walt Disney by 0.6% in the third quarter. State Street Corp now owns 77,596,191 shares of the entertainment giant’s stock worth $7,463,978,000 after purchasing an additional 490,681 shares in the last quarter. Geode Capital Management LLC grew its stake in Walt Disney by 3.8% in the 3rd quarter. Geode Capital Management LLC now owns 37,672,320 shares of the entertainment giant’s stock valued at $3,609,833,000 after buying an additional 1,393,082 shares in the last quarter. FMR LLC raised its holdings in Walt Disney by 8.7% during the 3rd quarter. FMR LLC now owns 34,416,668 shares of the entertainment giant’s stock valued at $3,310,539,000 after acquiring an additional 2,765,389 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Walt Disney by 10.8% in the second quarter. Bank of New York Mellon Corp now owns 14,883,983 shares of the entertainment giant’s stock worth $1,477,831,000 after acquiring an additional 1,449,730 shares during the period. Finally, Legal & General Group Plc boosted its holdings in shares of Walt Disney by 3.1% in the second quarter. Legal & General Group Plc now owns 14,281,047 shares of the entertainment giant’s stock worth $1,417,958,000 after acquiring an additional 425,438 shares during the period. Hedge funds and other institutional investors own 65.71% of the company’s stock.

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.