Walt Disney (NYSE:DIS) Upgraded to Strong-Buy by Seaport Res Ptn

Walt Disney (NYSE:DIS) was upgraded by Seaport Res Ptn from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Monday, Zacks.com reports. Seaport Res Ptn also issued estimates for Walt Disney’s Q4 2024 earnings at $1.14 EPS, Q2 2025 earnings at $1.16 EPS, FY2025 earnings at $5.18 EPS and FY2026 earnings at $6.41 EPS.

A number of other brokerages have also commented on DIS. Bank of America lowered their price target on Walt Disney from $145.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Walt Disney from $130.00 to $115.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Barclays dropped their price objective on Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Needham & Company LLC reaffirmed a “buy” rating and set a $110.00 target price on shares of Walt Disney in a research note on Thursday, September 26th. Finally, The Goldman Sachs Group initiated coverage on shares of Walt Disney in a research report on Tuesday, June 25th. They issued a “buy” rating and a $125.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $118.43.

Walt Disney Stock Down 2.2 %

Shares of Walt Disney stock opened at $94.05 on Monday. The stock has a market capitalization of $171.46 billion, a price-to-earnings ratio of 102.23, a PEG ratio of 1.53 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 company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.38. The business’s 50 day simple moving average is $90.50 and its 200-day simple moving average is $100.98.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.19. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The business had revenue of $23.20 billion for the quarter, compared to analysts’ expectations of $23.08 billion. During the same quarter last year, the company earned $1.03 EPS. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. Equities research analysts forecast that Walt Disney will post 4.92 earnings per share for the current year.

Insider Activity

In related news, Director Calvin Mcdonald purchased 11,756 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were acquired at an average cost of $85.06 per share, with a total value of $999,965.36. Following the completion of the purchase, the director now owns 22,313 shares of the company’s stock, valued at approximately $1,897,943.78. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.10% of the stock is owned by corporate insiders.

Institutional Trading of Walt Disney

A number of institutional investors have recently added to or reduced their stakes in DIS. Vanguard Group Inc. increased its position in Walt Disney by 1.5% during the first quarter. Vanguard Group Inc. now owns 153,769,084 shares of the entertainment giant’s stock worth $18,815,185,000 after buying an additional 2,325,582 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Walt Disney by 10.8% during 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 purchasing an additional 1,449,730 shares during the period. Legal & General Group Plc boosted its position in Walt Disney by 3.1% during 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 purchasing an additional 425,438 shares during the period. Jennison Associates LLC bought a new position in shares of Walt Disney in the first quarter valued at approximately $1,490,492,000. Finally, Price T Rowe Associates Inc. MD raised its position in shares of Walt Disney by 2.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 12,040,297 shares of the entertainment giant’s stock valued at $1,473,252,000 after purchasing an additional 293,482 shares during the period. 65.71% of the stock is currently owned by institutional investors and hedge funds.

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.