Walt Disney (NYSE:DIS) Price Target Cut to $125.00 by Analysts at Moffett Nathanson

Walt Disney (NYSE:DIS) had its price objective lowered by Moffett Nathanson from $130.00 to $125.00 in a report released on Tuesday morning, Marketbeat.com reports. The brokerage currently has a buy rating on the entertainment giant’s stock.

DIS has been the subject of several other reports. Raymond James increased their price target on Walt Disney from $112.00 to $128.00 and gave the stock an outperform rating in a report on Tuesday, March 26th. Rosenblatt Securities increased their price target on Walt Disney from $129.00 to $137.00 and gave the stock a buy rating in a report on Tuesday, April 2nd. Daiwa Capital Markets reaffirmed a buy rating and set a $133.00 price target on shares of Walt Disney in a report on Monday, April 1st. Loop Capital increased their price target on Walt Disney from $113.00 to $140.00 and gave the stock a buy rating in a report on Monday, May 6th. Finally, Guggenheim increased their price target on Walt Disney from $125.00 to $140.00 and gave the stock a buy rating in a report on Wednesday, April 3rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $126.44.

Walt Disney Price Performance

DIS stock opened at $97.99 on Tuesday. The company has a market capitalization of $178.64 billion, a P/E ratio of 106.51, a PEG ratio of 1.23 and a beta of 1.40. Walt Disney has a twelve month low of $78.73 and a twelve month high of $123.74. The business has a 50 day simple moving average of $103.58 and a 200-day simple moving average of $104.72. The company has a current ratio of 0.75, a quick ratio of 0.69 and a debt-to-equity ratio of 0.38.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Tuesday, May 7th. The entertainment giant reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.09. The business had revenue of $22.08 billion during the quarter, compared to the consensus estimate of $22.12 billion. Walt Disney had a return on equity of 8.37% and a net margin of 1.90%. The company’s revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.93 earnings per share. As a group, equities analysts anticipate that Walt Disney will post 4.75 EPS for the current year.

Insider Buying and Selling

In other Walt Disney news, EVP Sonia L. Coleman sold 4,400 shares of Walt Disney stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $106.00, for a total transaction of $466,400.00. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, Director James P. Gorman purchased 20,000 shares of the stock in a transaction dated Wednesday, May 8th. The stock was acquired at an average cost of $106.03 per share, for a total transaction of $2,120,600.00. Following the acquisition, the director now owns 20,467 shares of the company’s stock, valued at $2,170,116.01. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, EVP Sonia L. Coleman sold 4,400 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $106.00, for a total value of $466,400.00. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in DIS. Vaughan Nelson Investment Management L.P. boosted its position in Walt Disney by 84.6% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 2,000,267 shares of the entertainment giant’s stock worth $244,754,000 after acquiring an additional 916,772 shares during the period. Avitas Wealth Management LLC boosted its position in Walt Disney by 2.2% during the 4th quarter. Avitas Wealth Management LLC now owns 11,037 shares of the entertainment giant’s stock worth $997,000 after acquiring an additional 238 shares during the period. WNY Asset Management LLC boosted its position in Walt Disney by 32.8% during the 3rd quarter. WNY Asset Management LLC now owns 9,321 shares of the entertainment giant’s stock worth $756,000 after acquiring an additional 2,304 shares during the period. Telos Capital Management Inc. boosted its position in Walt Disney by 1.7% during the 4th quarter. Telos Capital Management Inc. now owns 74,767 shares of the entertainment giant’s stock worth $6,751,000 after acquiring an additional 1,236 shares during the period. Finally, Howard Capital Management Group LLC boosted its position in Walt Disney by 1.8% during the 4th quarter. Howard Capital Management Group LLC now owns 213,601 shares of the entertainment giant’s stock worth $19,286,000 after acquiring an additional 3,716 shares during the period. 65.71% of the stock is currently owned by 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.