Big news for fans and investors of The Walt Disney Company! Redburn Atlantic has recently upgraded Disney’s stock rating from a sell to a neutral status. This change comes with a new price target of $100 per share. But that’s not all the buzz surrounding the Disney empire.
Other major brokerage firms are also weighing in with their insights on Disney’s stock trajectory. Barclays, for instance, slightly lowered their target price from $135 to $130, maintaining an overweight standing. Meanwhile, Macquarie, showcasing their confidence, raised the target range a tad from $104 to $107, affirming a neutral stance. Daiwa Capital Markets remains bullish with a $133 target, while Argus has raised it to a whopping $140. Overall, with 23 buy ratings to just one sell, Disney has an impressive consensus price target of $125.52 and an average rating of Moderate Buy, according to MarketBeat.
On the trading floor, Disney saw a minor uptick of 0.1%, opening at $103.03 on Tuesday. With a market cap of $187.83 billion and recent earnings surpassing expectations, the company’s financial health seems robust. Reports show Disney had a revenue of $22.08 billion last quarter, with $1.21 earnings per share—topping forecasts. Their P/E ratio stands at 111.99, and the stock remains a steady performer despite market volatilities.
But what’s happening behind the scenes? Recent insider activities are worth noting. Director James P. Gorman made headlines by purchasing 20,000 shares at around $106.03 each, totaling over $2.1 million. And he’s not alone—Executive Vice President Sonia L. Coleman sold 4,400 shares recently, signaling active trading among top brass. These movements keep investors and market watchers poised to see how these insider transactions play out.
Disney’s share ownership is also reinforced by institutional investors like Planning Solutions Inc., ESL Trust Services LLC, and Fortis Group Advisors LLC, who have all recently acquired stakes. The overall sentiment is bullish with hedge funds collectively holding over 65% of Disney’s stock, highlighting a solid institutional backing.
Let’s not forget the vast world of Disney’s operations—from beloved channels like ABC and Disney to powerhouse brands such as Marvel, Pixar, and Lucasfilm. The combined strength of these arms continues to drive Disney forward in the entertainment sphere.
What do you think about Disney’s recent stock movements and the actions of its executives? Share your thoughts in the comments below and feel free to spread this news among fellow Disney enthusiasts and investors!
