The Walt Disney Co. (NYSE:DIS)‘s stock had its “hold” rating restated by research analysts at Jefferies Group in a research note issued to investors on Wednesday. They currently have a $92.00 price target on the entertainment giant’s stock. Jefferies Group’s price objective indicates a potential upside of 0.97% from the stock’s previous close.
A number of other research analysts also recently issued reports on DIS. Morgan Stanley restated a “hold” rating on shares of The Walt Disney in a research report on Sunday, July 17th. FBR & Co reiterated a “hold” rating on shares of The Walt Disney in a research report on Sunday, September 4th. Wells Fargo & Co. downgraded shares of The Walt Disney to a “hold” rating in a research report on Thursday, August 25th. Goldman Sachs Group Inc. reiterated a “neutral” rating and issued a $108.00 price objective (down from $109.00) on shares of The Walt Disney in a research report on Thursday, August 11th. Finally, Brean Capital reiterated a “hold” rating on shares of The Walt Disney in a research report on Thursday, August 11th. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $109.71.
The Walt Disney (NYSE:DIS) opened at 91.12 on Wednesday. The Walt Disney has a 12 month low of $86.25 and a 12 month high of $120.65. The firm has a market capitalization of $146.44 billion, a price-to-earnings ratio of 16.38 and a beta of 1.25. The firm’s 50-day moving average is $93.04 and its 200 day moving average is $97.54.
The Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Tuesday, August 9th. The entertainment giant reported $1.62 earnings per share (EPS) for the quarter, topping the Zacks’ 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 company had revenue of $14.20 billion for the quarter, compared to the consensus estimate of $14.16 billion. During the same period last year, the firm posted $1.45 EPS. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. Equities analysts predict that The Walt Disney will post $5.78 earnings per share for the current year.
A number of large investors have recently made changes to their positions in DIS. 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.
The Walt Disney Company Profile
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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