Nomura reaffirmed their buy rating on shares of The Walt Disney Co. (NYSE:DIS) in a report issued on Saturday morning. Nomura currently has a $110.00 target price on the entertainment giant’s stock, down from their prior target price of $115.00.
Other equities analysts have also issued reports about the stock. Vetr lowered shares of The Walt Disney from a strong-buy rating to a buy rating and set a $108.99 target price for the company. in a report on Thursday, June 30th. Pivotal Research reiterated a buy rating and set a $122.00 target price on shares of The Walt Disney in a report on Sunday, July 24th. Citigroup Inc. decreased their price objective on shares of The Walt Disney from $120.00 to $117.00 and set a buy rating for the company in a report on Thursday, August 11th. Hilliard Lyons upgraded shares of The Walt Disney to a buy rating in a report on Thursday, August 25th. Finally, Loop Capital restated a buy rating and issued a $114.00 price objective on shares of The Walt Disney in a report on Tuesday, September 27th. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. The Walt Disney currently has an average rating of Hold and a consensus price target of $109.56.
The Walt Disney (NYSE:DIS) traded up 0.20% during trading on Friday, hitting $91.30. The stock had a trading volume of 4,345,659 shares. The company has a market cap of $146.73 billion, a price-to-earnings ratio of 16.41 and a beta of 1.25. The Walt Disney has a 52-week low of $86.25 and a 52-week high of $120.65. The company has a 50-day moving average price of $92.91 and a 200-day moving average price of $97.49.
The Walt Disney (NYSE:DIS) last released its earnings results on Tuesday, August 9th. The entertainment giant reported $1.62 earnings per share (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 firm earned $14.20 billion during the quarter, compared to analyst estimates of $14.16 billion. During the same period last year, the business earned $1.45 earnings per share. The business’s revenue was up 9.0% on a year-over-year basis. Equities research analysts forecast that The Walt Disney will post $5.78 EPS for the current year.
Several institutional investors have recently added to or reduced their stakes in DIS. Thomas J. Herzfeld Advisors Inc. acquired a new position in The Walt Disney during the second quarter worth about $103,000. Balentine LLC increased its position in 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 increased its position in 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 increased its position in 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 The Walt Disney during the first quarter worth about $158,000. Hedge funds and other institutional investors own 57.92% of the company’s stock.
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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