Fintel reports that on June 29, 2023, Keybanc downgraded their outlook for Walt Disney Co (NYSE:DIS) from Overweight to Sector Weight .
Analyst Price Forecast Suggests 38.00% Upside
As of June 1, 2023, the average one-year price target for Walt Disney Co is 122.59. The forecasts range from a low of 94.94 to a high of $154.35. The average price target represents an increase of 38.00% from its latest reported closing price of 88.83.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Walt Disney Co is 91,544MM, an increase of 5.25%. The projected annual non-GAAP EPS is 4.18.
What is the Fund Sentiment?
There are 4245 funds or institutions reporting positions in Walt Disney Co. This is an increase of 82 owner(s) or 1.97% in the last quarter. Average portfolio weight of all funds dedicated to DIS is 0.61%, an increase of 12.26%. Total shares owned by institutions increased in the last three months by 0.52% to 1,271,268K shares. The put/call ratio of DIS is 0.69, indicating a bullish outlook.
What are Other Shareholders Doing?
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 56,566K shares representing 3.10% ownership of the company. In it’s prior filing, the firm reported owning 55,416K shares, representing an increase of 2.03%. The firm increased its portfolio allocation in DIS by 8.63% over the last quarter.
VFINX – Vanguard 500 Index Fund Investor Shares holds 42,627K shares representing 2.33% ownership of the company. In it’s prior filing, the firm reported owning 42,144K shares, representing an increase of 1.13%. The firm increased its portfolio allocation in DIS by 8.11% over the last quarter.
State Farm Mutual Automobile Insurance holds 33,997K shares representing 1.86% ownership of the company. No change in the last quarter.
Geode Capital Management holds 32,495K shares representing 1.78% ownership of the company. In it’s prior filing, the firm reported owning 31,824K shares, representing an increase of 2.07%. The firm increased its portfolio allocation in DIS by 8.84% over the last quarter.
Ofi Invest Asset Management holds 30,412K shares representing 1.66% ownership of the company.
Walt Disney Co Background Information
(This description is provided by the company.)
The Walt Disney Company, together with its subsidiaries and affiliates, is a leading diversified international family entertainment and media enterprise that includes Parks, Experiences and Products; Media & Entertainment Distribution; and three content groups—Studios, General Entertainment and Sports–focused on developing and producing content for DTC, theatrical and linear platforms. Disney is a Dow 30 company and had annual revenues of $65.4 billion in its Fiscal Year 2020.
Key filings for this company:
This article originally appeared on Fintel
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