The Walt Disney Co. (NYSE:DIS)‘s stock had its “hold” rating reaffirmed by equities researchers at Needham & Company LLC in a research note issued to investors on Tuesday.
Several other research firms also recently weighed in on DIS. Zacks Investment Research downgraded The Walt Disney from a “hold” rating to a “sell” rating in a report on Tuesday, July 12th. Morgan Stanley boosted their price target on The Walt Disney from $100.00 to $105.00 and gave the company an “equal weight” rating in a research report on Thursday, July 14th. FBR & Co restated an “outperform” rating and issued a $111.00 price target on shares of The Walt Disney in a research report on Tuesday, June 21st. Stifel Nicolaus cut The Walt Disney from a “buy” rating to a “hold” rating and set a $110.00 price target on the stock. in a research report on Wednesday, July 20th. They noted that the move was a valuation call. Finally, Brean Capital started coverage on The Walt Disney in a research report on Wednesday, July 6th. They issued a “hold” rating and a $100.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The Walt Disney currently has a consensus rating of “Hold” and an average target price of $109.71.
The Walt Disney (NYSE:DIS) traded up 0.11% during trading on Tuesday, hitting $92.59. The stock had a trading volume of 5,894,359 shares. The stock’s 50 day moving average price is $94.02 and its 200 day moving average price is $97.86. The firm has a market cap of $148.80 billion, a P/E ratio of 16.64 and a beta of 1.25. The Walt Disney has a 12-month low of $86.25 and a 12-month high of $120.65.
The Walt Disney (NYSE:DIS) last posted its earnings results on Tuesday, August 9th. The entertainment giant reported $1.62 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.61 by $0.01. The Walt Disney had a return on equity of 19.98% and a net margin of 16.48%. The business earned $14.20 billion during the quarter, compared to the consensus estimate of $14.16 billion. During the same period in the previous year, the business earned $1.45 EPS. The business’s quarterly revenue was up 9.0% on a year-over-year basis. On average, analysts anticipate that The Walt Disney will post $5.79 EPS for the current fiscal year.
A number of institutional investors have recently modified their holdings of DIS. Thomas J. Herzfeld Advisors Inc. acquired a new position in shares of The Walt Disney during the second quarter worth about $103,000. Balentine LLC boosted its position 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 worth $105,000 after buying an additional 845 shares in the last quarter. Krilogy Financial LLC boosted its position 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 worth $126,000 after buying an additional 61 shares in the last quarter. Cordasco Financial Network boosted its position 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 worth $147,000 after buying an additional 900 shares in the last quarter. Finally, Opera Trading Capital acquired a new position in shares of The Walt Disney during the first quarter worth 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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