Walt Disney (NYSE:DIS) Raised to “Buy” at Redburn Atlantic

Walt Disney (NYSE:DIS) was upgraded by investment analysts at Redburn Atlantic from a “neutral” rating to a “buy” rating in a research note issued to investors on Tuesday,Briefing.com Automated Import reports. The firm currently has a $147.00 target price on the entertainment giant’s stock, up from their previous target price of $100.00. Redburn Atlantic’s price target suggests a potential upside of 32.55% from the company’s current price.

A number of other equities analysts also recently commented on DIS. Macquarie reiterated a “neutral” rating and issued a $110.00 price target on shares of Walt Disney in a research note on Monday. Deutsche Bank Aktiengesellschaft boosted their price target on Walt Disney from $115.00 to $131.00 and gave the company a “buy” rating in a report on Friday, November 15th. Bank of America raised their price objective on Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Guggenheim boosted their target price on shares of Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Finally, Sanford C. Bernstein raised their price target on shares of Walt Disney from $115.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, November 15th. Five research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Walt Disney currently has an average rating of “Moderate Buy” and an average target price of $125.54.

Walt Disney Trading Down 0.2 %

NYSE DIS opened at $110.90 on Tuesday. The company’s fifty day simple moving average is $109.99 and its 200-day simple moving average is $99.21. The stock has a market cap of $200.83 billion, a P/E ratio of 40.92, a PEG ratio of 2.05 and a beta of 1.43. Walt Disney has a 52 week low of $83.91 and a 52 week high of $123.74. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 0.37.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Thursday, November 14th. The entertainment giant reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.05. The firm had revenue of $22.57 billion for the quarter, compared to analyst estimates of $22.49 billion. Walt Disney had a net margin of 5.44% and a return on equity of 9.21%. The firm’s revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.82 EPS. Equities research analysts predict that Walt Disney will post 5.41 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Robert A. Iger sold 372,412 shares of Walt Disney stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $114.57, for a total transaction of $42,667,242.84. Following the completion of the sale, the chief executive officer now owns 226,767 shares of the company’s stock, valued at approximately $25,980,695.19. This trade represents a 62.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Brent Woodford sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $113.62, for a total value of $568,100.00. Following the sale, the executive vice president now directly owns 44,055 shares of the company’s stock, valued at $5,005,529.10. This trade represents a 10.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 385,412 shares of company stock worth $44,153,263. Corporate insiders own 0.10% of the company’s stock.

Hedge Funds Weigh In On Walt Disney

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DIS. William B. Walkup & Associates Inc. acquired a new position in shares of Walt Disney during the 2nd quarter worth $32,000. First PREMIER Bank boosted its holdings in Walt Disney by 98.1% in the third quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock worth $50,000 after purchasing an additional 256 shares in the last quarter. FSA Wealth Management LLC acquired a new position in Walt Disney during the third quarter worth $51,000. Livelsberger Financial Advisory bought a new position in Walt Disney during the third quarter valued at about $57,000. Finally, Legacy Investment Solutions LLC acquired a new stake in shares of Walt Disney in the third quarter worth about $64,000. 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.