Walt Disney’s (DIS) “Buy” Rating Reiterated at Guggenheim

Guggenheim reissued their buy rating on shares of Walt Disney (NYSE:DIS) in a research note released on Friday morning,Benzinga reports. They currently have a $140.00 price objective on the entertainment giant’s stock.

DIS has been the subject of a number of other research reports. KeyCorp reaffirmed a “sector weight” rating on shares of Walt Disney in a research note on Friday. Evercore ISI boosted their price target on Walt Disney from $134.00 to $140.00 and gave the stock an “outperform” rating in a report on Monday, August 4th. Susquehanna reaffirmed a “neutral” rating on shares of Walt Disney in a report on Monday, August 11th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Walt Disney in a research report on Wednesday, October 8th. Finally, Stephens reissued a “buy” rating on shares of Walt Disney in a report on Monday, August 11th. Eighteen research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $134.41.

Walt Disney Stock Performance

Shares of NYSE DIS opened at $105.87 on Friday. The stock has a market cap of $190.34 billion, a PE ratio of 16.59, a price-to-earnings-growth ratio of 1.45 and a beta of 1.55. Walt Disney has a 1 year low of $80.10 and a 1 year high of $124.69. The firm has a fifty day moving average price of $112.79 and a 200-day moving average price of $114.74. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66.

Walt Disney (NYSE:DIS) last issued its earnings results on Thursday, November 13th. The entertainment giant reported $1.11 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.08. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The company had revenue of $22.46 billion during the quarter, compared to the consensus estimate of $22.78 billion. During the same quarter in the prior year, the firm posted $1.14 EPS. Walt Disney’s quarterly revenue was down .5% compared to the same quarter last year. Equities analysts anticipate that Walt Disney will post 5.47 earnings per share for the current fiscal year.

Walt Disney Dividend Announcement

The company also recently announced a dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.75 per share. This represents a dividend yield of 139.0%. The ex-dividend date is Tuesday, June 30th. Walt Disney’s dividend payout ratio is currently 21.87%.

Institutional Investors Weigh In On Walt Disney

Hedge funds have recently bought and sold shares of the business. Kondo Wealth Advisors Inc. increased its holdings in shares of Walt Disney by 1.2% in the 2nd quarter. Kondo Wealth Advisors Inc. now owns 7,317 shares of the entertainment giant’s stock worth $904,000 after buying an additional 84 shares during the last quarter. Cornerstone Advisory LLC grew its position in Walt Disney by 1.5% in the second quarter. Cornerstone Advisory LLC now owns 5,890 shares of the entertainment giant’s stock worth $730,000 after acquiring an additional 86 shares in the last quarter. Physician Wealth Advisors Inc. increased its stake in Walt Disney by 3.5% during the second quarter. Physician Wealth Advisors Inc. now owns 2,606 shares of the entertainment giant’s stock worth $323,000 after acquiring an additional 87 shares during the last quarter. Childress Capital Advisors LLC raised its position in Walt Disney by 3.3% during the second quarter. Childress Capital Advisors LLC now owns 2,749 shares of the entertainment giant’s stock valued at $341,000 after purchasing an additional 87 shares during the period. Finally, Apollon Financial LLC lifted its stake in shares of Walt Disney by 1.5% in the 2nd quarter. Apollon Financial LLC now owns 6,086 shares of the entertainment giant’s stock valued at $755,000 after purchasing an additional 87 shares during the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Company Profile

The Walt Disney Company operates as an entertainment company worldwide. It operates through three segments: Entertainment, Sports, and Experiences. The company produces and distributes film and television video streaming content under the ABC Television Network, Disney, Freeform, FX, Fox, National Geographic, and Star brand television channels, as well as ABC television stations and A+E television networks; and produces original content under the ABC Signature, Disney Branded Television, FX Productions, Lucasfilm, Marvel, National Geographic Studios, Pixar, Searchlight Pictures, Twentieth Century Studios, 20th Television, and Walt Disney Pictures banners.