Needham & Company LLC Boosts Walt Disney (NYSE:DIS) Price Target to $130.00

Walt Disney (NYSE:DIS) had its price target boosted by analysts at Needham & Company LLC from $110.00 to $130.00 in a report released on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the entertainment giant’s stock. Needham & Company LLC’s price target would indicate a potential upside of 12.96% from the company’s previous close.

A number of other brokerages have also recently issued reports on DIS. Morgan Stanley lifted their target price on shares of Walt Disney from $110.00 to $125.00 and gave the stock an “overweight” rating in a research report on Friday. Evercore ISI increased their target price on Walt Disney from $105.00 to $128.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. TD Cowen boosted their price target on Walt Disney from $108.00 to $123.00 and gave the stock a “hold” rating in a report on Friday. JPMorgan Chase & Co. reduced their price objective on Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Finally, Barclays dropped 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. Five research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $123.57.

Walt Disney Trading Up 5.5 %

Shares of DIS stock opened at $115.08 on Friday. Walt Disney has a fifty-two week low of $83.91 and a fifty-two 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 business has a fifty day simple moving average of $95.57 and a 200-day simple moving average of $96.69. The stock has a market cap 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.

Institutional Trading of Walt Disney

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