Exciting news from the magical world of Disney! Shares of The Walt Disney Company (NYSE: DIS) climbed by 1.1% on Monday, reaching a high of $102.09 before settling at $101.76. This lively trading session saw 6.45 million shares change hands, a notable decrease from the typical session volume of 11.93 million shares.
The rise came alongside a variety of analyst reports, with some notable moves and recommendations:
– Goldman Sachs adjusted its price target for Disney from $125.00 to $120.00 while maintaining a “buy” rating.
– Redburn Atlantic shifted its stance from “sell” to “neutral,” setting a price target of $100.00.
– Tigress Financial reaffirmed a “buy” rating, aiming for a $136.00 target.
– Macquarie slightly upped its target to $107.00, also labeling the stock as “neutral.”
– Needham & Company LLC persisted with a “buy” rating, setting the highest goal at $145.00.
With various analysts weighing in, Disney currently holds an average rating of “Moderate Buy” according to MarketBeat’s data, backed by a consensus price target of $126.29.
The company’s recent financial performance also adds to the excitement. Disney reported its quarterly earnings on May 7th, boasting a robust earnings per share (EPS) of $1.21, beating the consensus estimate of $1.12. Revenue hit $22.08 billion, closely aligning with analysts’ projections. Year-over-year, Disney’s revenue saw a 1.2% increase, affirming its steady growth.
Notably, on the insider front, director James P. Gorman acquired 20,000 shares, making a significant purchase worth approximately $2.12 million, signaling strong confidence in the company’s future.
Institutional investors have shown great interest in Disney as well. From newcomers like Planned Solutions Inc. to significant stakes by Stone House Investment Management LLC, institutional support is robust. Currently, hedge funds and institutional investors own about 65.71% of Disney’s stock.
The Walt Disney Company continues to enchant audiences globally through its various segments including film, television, and streaming under renowned brands such as ABC, Disney, FX, National Geographic, and Marvel.
What are your thoughts on Disney’s latest performance and investments? Share your opinions in the comments below and join the discussion. Don’t forget to share this update with fellow Disney fans and investors!
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