Walt Disney (NYSE:DIS) PT lowered to $130.00 at Goldman Sachs Group


Walt Disney (NYSE:DIS – Get a Note) had its target price reduced by the Goldman Sachs Group from $148.00 to $130.00 in a research note published Tuesday morning, reports The Fly. They currently have a buy rating on shares of the entertainment giant.

Other stock analysts have also published research reports on the company. Loop Capital lowered its price target on Walt Disney from $190.00 to $165.00 in a Monday, April 4 research note. Daiwa Capital Markets cut its price target on Walt Disney from $201.00 to $151.00 and set a buy rating on the stock in a Tuesday May 24 research note. Wolfe Research cut its price target on Walt Disney from $211.00 to $128.00 and set an outperform rating for the stock in a Thursday, June 2 research note. Citigroup cut its price target on Walt Disney from $165.00 to $145.00 and set a buy rating on the stock in a Thursday, July 7 research report. Finally, Wells Fargo & Company cut its price target on Walt Disney from $153.00 to $130.00 and set an overweight rating on the stock in a research report on Monday. One analyst has assigned the stock a sell rating, five have issued a hold rating and nineteen have issued a buy rating. Based on data from MarketBeat.com, Walt Disney currently has a Moderate Buy consensus rating and an average target price of $156.68.

Walt Disney stock market performance

Shares of Walt Disney opened at $99.78 on Tuesday. The company has a 50-day moving average of $99.88 and a 200-day moving average of $123.03. The company has a market capitalization of $181.66 billion, a PE ratio of 68.81, a growth price-earnings ratio of 1.22 and a beta of 1.24. The company has a current ratio of 1.06, a quick ratio of 1.01 and a debt ratio of 0.49. Walt Disney has a 1-year low of $90.23 and a 1-year high of $187.58.

Walt Disney (NYSE:DIS – Get Rating) last released its results on Wednesday, May 11. The entertainment giant reported earnings per share of $1.08 for the quarter, missing analyst consensus estimates of $1.20 per ($0.12). Walt Disney had a net margin of 3.46% and a return on equity of 6.87%. The company posted revenue of $19.25 billion in the quarter, versus analyst estimates of $20.25 billion. During the same period a year earlier, the company posted EPS of $0.79. As a group, equity research analysts expect Walt Disney to post earnings per share of 3.96 for the current fiscal year.

Institutional entries and exits

A number of hedge funds and other institutional investors have recently changed their positions in the company. Cypress Asset Management Inc. TX increased its stake in Walt Disney stock by 0.4% in Q4. Cypress Asset Management Inc. TX now owns 19,913 shares of the entertainment giant valued at $3,084,000 after buying 74 additional shares during the period. American Research & Management Co. increased its position in Walt Disney by 6.6% in the 4th quarter. American Research & Management Co. now owns 1,216 shares of the entertainment giant valued at $188,000 after buying 75 more shares last quarter. Sterling Investment Advisors Ltd. increased its position in Walt Disney by 1.0% in the 4th quarter. Sterling Investment Advisors Ltd. now owns 7,496 shares of the entertainment giant valued at $1,161,000 after buying 75 more shares last quarter. Advanced Research Investment Solutions LLC increased its position in Walt Disney by 46.0% in the 4th quarter. Advanced Research Investment Solutions LLC now owns 238 shares of the entertainment giant valued at $36,000 after buying 75 more shares last quarter. Finally, Terril Brothers Inc. increased its position in Walt Disney by 4.1% in the 4th quarter. Terril Brothers Inc. now owns 2,019 shares of the entertainment giant valued at $313,000 after buying 79 more shares last quarter. 64.17% of the shares are held by institutional investors and hedge funds.

About Walt Disney

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The Walt Disney Company, together with its subsidiaries, operates as a worldwide entertainment company. It operates through two segments, Disney Media and Entertainment Distribution; and Parks, Experiences and Disney Products. The Company is engaged in the production and distribution of episodic film and television content, as well as television broadcast networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic and Star brands; and studios that produce films under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar and Searchlight Pictures banners.

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