Walt Disney (NYSE:DIS) Price Target Lowered to $110.00 at Morgan Stanley

Walt Disney (NYSE:DIS) had its price target reduced by Morgan Stanley from $130.00 to $110.00 in a report published on Monday, MarketBeat.com reports. They currently have an overweight rating on the entertainment giant’s stock.

Several other equities analysts have also issued reports on DIS. Barclays dropped their target price on shares of Walt Disney from $135.00 to $130.00 and set an overweight rating on the stock in a report on Wednesday, May 8th. Evercore ISI dropped their price objective on shares of Walt Disney from $130.00 to $128.00 and set an outperform rating on the stock in a report on Wednesday, May 8th. Redburn Atlantic upgraded shares of Walt Disney from a sell rating to a neutral rating and set a $100.00 price objective on the stock in a report on Tuesday, May 21st. Wells Fargo & Company upped their price objective on shares of Walt Disney from $128.00 to $141.00 and gave the company an overweight rating in a report on Tuesday, April 23rd. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the company a buy rating in a report on Monday, May 6th. Three investment analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of Moderate Buy and an average price target of $127.08.

Walt Disney Trading Up 2.5 %

DIS stock traded up $2.19 during midday trading on Monday, hitting $89.97. The stock had a trading volume of 21,682,698 shares, compared to its average volume of 11,456,022. The firm has a market cap of $164.02 billion, a P/E ratio of 97.67, a price-to-earnings-growth ratio of 1.15 and a beta of 1.40. 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 has a 1-year low of $78.73 and a 1-year high of $123.74. The business has a fifty day moving average price of $98.12 and a two-hundred day moving average price of $105.40.

Walt Disney (NYSE:DIS) last released its earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.09. The business had revenue of $22.08 billion for the quarter, compared to analyst estimates of $22.12 billion. Walt Disney had a net margin of 1.90% and a return on equity of 8.37%. Walt Disney’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.93 earnings per share. On average, sell-side analysts predict that Walt Disney will post 4.77 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director James P. Gorman bought 20,000 shares of the stock in a transaction on Wednesday, May 8th. The shares were acquired at an average cost of $106.03 per share, for a total transaction of $2,120,600.00. Following the purchase, the director now directly owns 20,467 shares of the company’s stock, valued at approximately $2,170,116.01. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, EVP Sonia L. Coleman sold 4,400 shares of Walt Disney stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $106.00, for a total transaction of $466,400.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director James P. Gorman bought 20,000 shares of the business’s stock in a transaction dated Wednesday, May 8th. The shares were bought at an average cost of $106.03 per share, for a total transaction of $2,120,600.00. Following the purchase, the director now directly owns 20,467 shares in the company, valued at approximately $2,170,116.01. The disclosure for this purchase can be found here. Corporate insiders own 0.10% of the company’s stock.

Institutional Investors Weigh In On Walt Disney

A number of large investors have recently modified their holdings of the stock. Gold Investment Management Ltd. bought a new position in shares of Walt Disney in the fourth quarter worth approximately $28,000. Stone House Investment Management LLC raised its holdings in shares of Walt Disney by 355.3% during the fourth quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock valued at $31,000 after purchasing an additional 270 shares during the last quarter. ESL Trust Services LLC purchased a new stake in Walt Disney during the first quarter valued at approximately $31,000. Partnership Wealth Management LLC purchased a new stake in Walt Disney during the fourth quarter valued at approximately $33,000. Finally, Evolution Advisers Inc. increased its holdings in Walt Disney by 38.2% during the fourth quarter. Evolution Advisers Inc. now owns 380 shares of the entertainment giant’s stock valued at $34,000 after buying an additional 105 shares during the last quarter. 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.