Evercore ISI Forecasts Strong Price Appreciation for Walt Disney (NYSE:DIS) Stock

Walt Disney (NYSE:DIS) had its price objective lifted by Evercore ISI from $128.00 to $134.00 in a research report report published on Monday,Benzinga reports. Evercore ISI currently has an outperform rating on the entertainment giant’s stock.

A number of other research firms also recently issued reports on DIS. JPMorgan Chase & Co. cut their target price on shares of Walt Disney from $135.00 to $125.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Raymond James reiterated a “market perform” rating on shares of Walt Disney in a report on Tuesday, October 1st. Seaport Res Ptn upgraded Walt Disney from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 30th. Piper Sandler assumed coverage on Walt Disney in a research note on Wednesday, October 16th. They set a “neutral” rating and a $95.00 price target for the company. Finally, UBS Group reduced their price target on Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Five analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $123.83.

Walt Disney Trading Up 0.7 %

Shares of NYSE DIS opened at $115.11 on Monday. The business has a 50-day moving average price of $97.59 and a two-hundred day moving average price of $96.85. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $208.46 billion, a PE ratio of 42.48, a PEG ratio of 2.09 and a beta of 1.40. Walt Disney has a one year low of $83.91 and a one year high of $123.74.

Insider Activity

In other news, EVP Brent Woodford sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $113.62, for a total transaction of $568,100.00. Following the sale, the executive vice president now directly owns 44,055 shares in the company, valued at approximately $5,005,529.10. The trade was a 10.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Walt Disney

Several institutional investors and hedge funds have recently bought and sold shares of DIS. Quent Capital LLC raised its position in Walt Disney by 4.4% in the first quarter. Quent Capital LLC now owns 7,766 shares of the entertainment giant’s stock worth $950,000 after purchasing an additional 327 shares in the last quarter. Edgestream Partners L.P. raised its holdings in shares of Walt Disney by 3.4% in the 1st quarter. Edgestream Partners L.P. now owns 3,876 shares of the entertainment giant’s stock worth $474,000 after buying an additional 128 shares in the last quarter. Bessemer Group Inc. lifted its position in shares of Walt Disney by 11.2% during the 1st quarter. Bessemer Group Inc. now owns 53,008 shares of the entertainment giant’s stock worth $6,487,000 after buying an additional 5,327 shares during the period. Karpus Management Inc. acquired a new stake in Walt Disney in the 1st quarter valued at $271,000. Finally, Natixis Investment Managers International grew its position in Walt Disney by 71.0% in the first quarter. Natixis Investment Managers International now owns 340,442 shares of the entertainment giant’s stock valued at $41,656,000 after acquiring an additional 141,320 shares during the period. Institutional investors own 65.71% of the company’s stock.

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.