Walt Disney (NYSE:DIS) Price Target Raised to $140.00 at Bank of America

Walt Disney (NYSE:DIS) had its target price raised by Bank of America from $120.00 to $140.00 in a research report sent to investors on Friday morning,Benzinga reports. They currently have a buy rating on the entertainment giant’s stock.

Several other brokerages also recently issued reports on DIS. Macquarie raised their price objective on shares of Walt Disney from $91.00 to $110.00 and gave the stock a “neutral” rating in a research note on Friday. Needham & Company LLC reiterated a “buy” rating and set a $110.00 target price on shares of Walt Disney in a report on Wednesday, October 23rd. Morgan Stanley reduced their price target on Walt Disney from $130.00 to $110.00 and set an “overweight” rating for the company in a research report on Monday, August 5th. Deutsche Bank Aktiengesellschaft upped their price target on Walt Disney from $115.00 to $131.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Seaport Res Ptn upgraded shares of Walt Disney from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 30th. Five analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $123.57.

Walt Disney Trading Up 5.5 %

NYSE:DIS traded up $5.96 during midday trading on Friday, hitting $115.08. 32,048,032 shares of the company traded hands, compared to its average volume of 11,005,124. The firm has a market capitalization of $208.71 billion, a P/E ratio of 44.25, a P/E/G ratio of 1.67 and a beta of 1.40. The firm’s fifty day moving average is $95.57 and its 200-day moving average is $96.79. Walt Disney has a 12-month low of $83.91 and a 12-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.

Institutional Investors Weigh In On Walt Disney

A number of institutional investors have recently added to or reduced their stakes in the company. ESL Trust Services LLC acquired a new position in Walt Disney during the 1st quarter worth about $31,000. William B. Walkup & Associates Inc. acquired a new position in shares of Walt Disney during the 2nd quarter worth about $32,000. Mascoma Wealth Management LLC lifted its position in shares of Walt Disney by 38.0% in the second quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock valued at $44,000 after buying an additional 122 shares during the last quarter. First PREMIER Bank raised its holdings in shares of Walt Disney by 98.1% during the 3rd quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock worth $50,000 after buying an additional 256 shares in the last quarter. Finally, FSA Wealth Management LLC acquired a new position in shares of Walt Disney in the third quarter valued at approximately $51,000. 65.71% of the stock is owned by institutional investors and hedge funds.

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.