Several other analysts have also commented on the company. Vetr lowered Walt Disney from a buy rating to a hold rating and set a $115.94 price objective for the company. in a report on Monday, March 20th. Piper Jaffray Companies reiterated a buy rating and set a $130.00 price objective on shares of Walt Disney in a report on Thursday, March 16th. Guggenheim upgraded Walt Disney from a neutral rating to a buy rating and set a $128.00 price objective for the company in a report on Tuesday, March 14th. Instinet reiterated a buy rating and set a $120.00 price objective on shares of Walt Disney in a report on Wednesday, March 8th. Finally, FBR & Co reiterated a market perform rating and set a $116.00 price objective on shares of Walt Disney in a report on Friday, February 10th. Five research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of $115.63.
Walt Disney (NYSE:DIS) opened at 112.14 on Tuesday. The stock has a market capitalization of $177.32 billion, a P/E ratio of 20.24 and a beta of 1.25. The company’s 50-day moving average price is $110.72 and its 200 day moving average price is $101.92. Walt Disney has a 52-week low of $90.32 and a 52-week high of $113.16.
Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Tuesday, February 7th. The entertainment giant reported $1.55 EPS for the quarter, beating the consensus estimate of $1.50 by $0.05. Walt Disney had a return on equity of 19.43% and a net margin of 16.29%. The firm earned $14.78 billion during the quarter, compared to analyst estimates of $15.30 billion. During the same quarter in the prior year, the business posted $1.63 EPS. The business’s revenue for the quarter was down 3.0% compared to the same quarter last year. On average, equities research analysts predict that Walt Disney will post $5.94 earnings per share for the current fiscal year.
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In related news, EVP Brent Woodford sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, January 3rd. The shares were sold at an average price of $106.50, for a total value of $213,000.00. Following the transaction, the executive vice president now directly owns 27,745 shares of the company’s stock, valued at approximately $2,954,842.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 6,000 shares of company stock worth $651,000 over the last ninety days. 13.00% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Thomas J. Herzfeld Advisors Inc. bought a new position in shares of Walt Disney during the fourth quarter worth $110,000. Lombard Odier Transatlantic Limited Partnership raised its position in shares of Walt Disney by 71.4% in the third quarter. Lombard Odier Transatlantic Limited Partnership now owns 1,200 shares of the entertainment giant’s stock worth $111,000 after buying an additional 500 shares in the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its position in shares of Walt Disney by 7,240.3% in the fourth quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 128,089 shares of the entertainment giant’s stock worth $128,000 after buying an additional 126,344 shares in the last quarter. TLP Group LLC bought a new position in shares of Walt Disney during the third quarter worth $129,000. Finally, New Capital Management LP bought a new position in shares of Walt Disney during the fourth quarter worth $139,000. 58.65% of the stock is currently owned by hedge funds and other institutional investors.
Walt Disney Company Profile
The Walt Disney Company is an entertainment company. The Company operates in four business segments: Media Networks, Parks and Resorts, Studio Entertainment, and Consumer Products & Interactive Media. The media networks segment includes cable and broadcast television networks, television production and distribution operations, domestic television stations, and radio networks and stations.
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