Walt Disney Shares Climb Following Loop Capital Price Target Increase

Shares of The Walt Disney Company saw a rise of 1.9% in recent trading after a notable price target increase from Loop Capital, jumping from $113.00 to $140.00. With a continual 'buy' rating, Disney's stocks reached peak trading prices, climbing to $115.98 before settling at $115.81. Despite the uptick, trading volumes were lower than average, with just over 4.9 million shares changing hands.

Analyst Ratings and Price Targets

Disney has garnered significant interest from various brokerages. Notably, Daiwa Capital Markets reaffirmed a 'buy' rating with a target price of $133.00. Raymond James raised their price objective from $112.00 to $128.00, maintaining an 'outperform' rating. Argus increased their target price to $140.00 and Morgan Stanley upped theirs to $135.00, both advising a 'buy' stance on the stock. On average, the company enjoys a 'Moderate Buy' rating with a consensus price target of $127.17 amidst a robust analyst support, bar one 'sell' rating and three 'holds.'

Insider Transactions and Institutional Trading

Recent insider trading actions included EVP Sonia L. Coleman selling 1,857 shares at an average price of $121.92. Following the sale, she retains 4,400 shares valued at approximately $536,448. Institutional investors have shown dynamic activity, with entities like Trian Fund Management L.P. increasing their holdings by 411.6% and Norges Bank taking up a new position worth nearly $2 billion in the company. These are just a few among other significant institutional trades enacted recently.

Financial Performance and Company Profile

Walt Disney reported better than expected earnings with a $1.22 EPS for the quarter, surpassing estimates by $0.25. However, the company experienced a slight dip in quarterly revenue compared to the previous year. Disney's robust market capitalization, consistent PE ratio, and positive betas further reflect its solid financial footing. The company, renowned for its expansive entertainment portfolio, operates through multiple segments and continues to produce a multitude of original content across an array of renowned media banners.

Disney, Stocks, Trading