Walt Disney (NYSE:DIS) Given New $123.00 Price Target at TD Cowen

Walt Disney (NYSE:DIS) had its price target hoisted by TD Cowen from $108.00 to $123.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a hold rating on the entertainment giant’s stock.

Other equities analysts also recently issued reports about the company. Guggenheim raised their price objective on Walt Disney from $110.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday. Sanford C. Bernstein raised their price objective on Walt Disney from $115.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday. Needham & Company LLC restated a “buy” rating and set a $110.00 price objective on shares of Walt Disney in a research report on Wednesday, October 23rd. Bank of America lifted their target price on Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a report on Friday. Finally, Piper Sandler assumed coverage on Walt Disney in a report on Wednesday, October 16th. They issued a “neutral” rating and a $95.00 target price for the company. Five research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $123.57.

Walt Disney Trading Up 5.5 %

Shares of DIS stock traded up $5.96 during mid-day trading on Friday, reaching $115.08. 32,048,032 shares of the stock traded hands, compared to its average volume of 11,005,124. The stock’s fifty day simple moving average is $95.57 and its two-hundred day simple moving average is $96.79. Walt Disney has a 1-year low of $83.91 and a 1-year high of $123.74. The company has a market cap of $208.71 billion, a price-to-earnings ratio of 44.25, a price-to-earnings-growth ratio of 1.67 and a beta of 1.40. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.38.

Hedge Funds Weigh In On Walt Disney

A number of institutional investors have recently added to or reduced their stakes in the business. ESL Trust Services LLC purchased a new position in shares of Walt Disney in the 1st quarter worth about $31,000. William B. Walkup & Associates Inc. purchased a new position in shares of Walt Disney in the 2nd quarter worth about $32,000. Mascoma Wealth Management LLC boosted its holdings in shares of Walt Disney by 38.0% in the 2nd quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock worth $44,000 after purchasing an additional 122 shares in the last quarter. First PREMIER Bank boosted its holdings in shares of Walt Disney by 98.1% in the 3rd 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. Finally, FSA Wealth Management LLC purchased a new position in shares of Walt Disney in the 3rd quarter worth about $51,000. 65.71% of the stock is currently owned by institutional investors.

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.