The Walt Disney Co. (NYSE:DIS)‘s stock had its “buy” rating reiterated by equities research analysts at Citigroup Inc. in a research report issued on Friday.
Several other research firms have also commented on DIS. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of The Walt Disney in a report on Friday, June 17th. Morgan Stanley reiterated a “hold” rating on shares of The Walt Disney in a research report on Sunday, July 17th. Hilliard Lyons upgraded shares of The Walt Disney to a “buy” rating in a research report on Thursday, August 25th. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a $118.00 price objective on shares of The Walt Disney in a research report on Saturday, August 13th. Finally, Vetr upgraded shares of The Walt Disney from a “buy” rating to a “strong-buy” rating and set a $106.81 price objective on the stock in a research report on Monday, August 29th. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. The Walt Disney has an average rating of “Hold” and an average price target of $109.71.
Shares of The Walt Disney (NYSE:DIS) opened at 92.49 on Friday. The stock has a 50 day moving average of $94.02 and a 200 day moving average of $97.86. The Walt Disney has a 52-week low of $86.25 and a 52-week high of $120.65. The firm has a market capitalization of $148.64 billion, a price-to-earnings ratio of 16.62 and a beta of 1.25.
The Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Tuesday, August 9th. The entertainment giant reported $1.62 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.61 by $0.01. The Walt Disney had a net margin of 16.48% and a return on equity of 19.98%. The business earned $14.20 billion during the quarter, compared to analyst estimates of $14.16 billion. During the same period in the previous year, the business posted $1.45 EPS. The company’s quarterly revenue was up 9.0% on a year-over-year basis. On average, analysts predict that The Walt Disney will post $5.79 EPS for the current fiscal year.
A number of large investors have recently made changes to their positions in the stock. Thomas J. Herzfeld Advisors Inc. acquired a new stake in shares of The Walt Disney during the second quarter valued at about $103,000. Balentine LLC raised its stake in shares of The Walt Disney by 365.8% in the second quarter. Balentine LLC now owns 1,076 shares of the entertainment giant’s stock valued at $105,000 after buying an additional 845 shares during the period. Krilogy Financial LLC raised its stake in shares of The Walt Disney by 5.0% in the second quarter. Krilogy Financial LLC now owns 1,292 shares of the entertainment giant’s stock valued at $126,000 after buying an additional 61 shares during the period. Cordasco Financial Network raised its stake in shares of The Walt Disney by 149.8% in the second quarter. Cordasco Financial Network now owns 1,501 shares of the entertainment giant’s stock valued at $147,000 after buying an additional 900 shares during the period. Finally, Opera Trading Capital acquired a new stake in shares of The Walt Disney during the first quarter valued at about $158,000. 57.92% of the stock is currently owned by hedge funds and other institutional investors.
About The Walt Disney
The Walt Disney Company is a diversified entertainment company. The Company’s business segments include Media Networks, Parks and Resorts, Studio Entertainment, Consumer Products and Interactive. The Media Networks segment includes cable and broadcast television networks, television production operations, television distribution, domestic television stations, and radio networks and stations.
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