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Walt Disney (NYSE:DIS) is trading 1.1% higher after analyst upgrade

The Walt Disney Company (NYSE:DIS – Get Free Report) stock price rose 1.1% in afternoon trading on Tuesday after Wells Fargo & Company raised their price target for the stock from $128.00 to $141.00. Wells Fargo & Company currently has an overweight rating on the stock. Walt Disney traded at $113.49 and last traded at $113.23. Approximately 1,423,950 shares were traded during afternoon trading, an 88% decline from the average daily volume of 11,904,283 shares. The stock previously closed at $111.99.

DID has been the subject of a number of other research reports. JPMorgan Chase & Co. began reporting on Walt Disney in an investigative report on Thursday, April 11. They issued an “overweight” rating and a $140.00 price target on the stock. Guggenheim raised their price target on Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, April 3. Needham & Company LLC raised their price target on Walt Disney from $120.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday, March 28. Tigress Financial reiterated a “buy” rating and set a $136.00 price target on shares of Walt Disney in a report on Wednesday, February 21. Finally, The Goldman Sachs Group lowered their price target on Walt Disney from $125.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, February 8. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-two have assigned a buy rating to the stock. According to MarketBeat, Walt Disney currently has a consensus rating of “Moderate Buy” and an average price target of $125.08.

Check out our latest stock report on Walt Disney

Insider buying and selling at Walt Disney

In other Walt Disney news, EVP Sonia L. Coleman sold 1,857 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock sold at an average price of $121.92, for a total value of $226,405.44. Following the transaction, the executive vice president now directly owns 4,400 shares of the company’s stock, valued at $536,448. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.10% of the company’s shares.

Hedge funds weigh on Walt Disney

Several institutional investors have recently increased or decreased their stake in DIS. Planned Solutions Inc. acquired a new position in shares of Walt Disney worth approximately $26,000 during the fourth quarter. Gold Investment Management Ltd. acquired a new position in shares of Walt Disney worth approximately $28,000 during the fourth quarter. Fortis Group Advisors LLC acquired a new position in shares of Walt Disney during the third quarter valued at approximately $30,000. Stone House Investment Management LLC increased its position in shares of Walt Disney by 355.3% during the fourth quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock worth $31,000 after purchasing an additional 270 shares during the period. Finally, Partnership Wealth Management LLC acquired a new position in shares of Walt Disney during the fourth quarter valued at approximately $33,000. 65.71% of the shares are held by institutional investors and hedge funds.

Walt Disney Price Performance

The company has a fifty-day moving average of $114.10 and a 200-day moving average of $99.27. The company has a market cap of $208.59 billion, a price-to-earnings ratio of 70.19, a price-to-earnings ratio of 1.38, and a beta of 1.42. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.84 and a quick ratio of 0.77.

Walt Disney (NYSE:DIS – Get Free Report) last reported its quarterly results on Tuesday, February 6. The entertainment giant reported $1.22 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.25. Walt Disney had a return on equity of 7.88% and a net margin of 3.36%. The company had revenue of $23.50 billion during the quarter, compared to the consensus estimate of $23.71 billion. In the same quarter of the previous year, the company posted earnings per share of $0.99. Walt Disney’s revenue decreased by 0.1% compared to the same quarter last year. On average, sell-side analysts expect that The Walt Disney Company will post earnings per share of 4.66 for the current fiscal year.

Walt Disney cuts dividend

The company also recently declared a semi-annual dividend, which will be paid on Thursday, July 25. Investors of record on Monday, July 8 will receive a dividend of $0.45 per share. The ex-dividend date is Monday, July 8. This amounts to a return of 0.5%. Walt Disney’s dividend payout ratio (DPR) currently stands at 18.52%.

About Walt Disney

(Get a free report)

The Walt Disney Company operates worldwide as an entertainment company. It operates in three segments: entertainment, sports and experiences. The company produces and distributes film and television video streaming content to the ABC Television Network, Disney, Freeform, FX, Fox, National Geographic and Star 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.

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