Shares of Walt Disney Co (NYSE:DIS) have been given an average rating of “Buy” by the twenty-six ratings firms that are covering the stock, MarketBeat reports. Six research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $153.20.
A number of research firms recently issued reports on DIS. Wells Fargo & Co lowered their target price on Walt Disney from $173.00 to $167.00 and set an “outperform” rating on the stock in a research report on Friday, November 8th. JPMorgan Chase & Co. lifted their price target on Walt Disney from $150.00 to $160.00 and gave the stock an “overweight” rating in a report on Thursday. Tigress Financial reiterated a “buy” rating on shares of Walt Disney in a report on Monday, August 26th. Needham & Company LLC reiterated a “hold” rating on shares of Walt Disney in a report on Friday, September 27th. Finally, Moffett Nathanson set a $150.00 price target on Walt Disney and gave the stock a “buy” rating in a report on Wednesday, August 7th.
Shares of NYSE:DIS traded down $1.57 during midday trading on Monday, reaching $147.15. The company had a trading volume of 28,387,639 shares, compared to its average volume of 10,394,690. The company has a quick ratio of 0.84, a current ratio of 0.89 and a debt-to-equity ratio of 0.41. The business’s 50 day moving average price is $132.01 and its 200 day moving average price is $136.33. The stock has a market cap of $265.07 billion, a PE ratio of 25.50, a P/E/G ratio of 5.01 and a beta of 0.96. Walt Disney has a 1-year low of $100.35 and a 1-year high of $150.63.
Walt Disney (NYSE:DIS) last released its earnings results on Thursday, November 7th. The entertainment giant reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.12. The business had revenue of $19.10 billion for the quarter, compared to the consensus estimate of $19.02 billion. Walt Disney had a return on equity of 11.38% and a net margin of 15.89%. Walt Disney’s quarterly revenue was up 33.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.48 earnings per share. On average, research analysts expect that Walt Disney will post 5.62 earnings per share for the current fiscal year.
In other news, EVP Brent Woodford sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $149.00, for a total transaction of $596,000.00. Following the completion of the sale, the executive vice president now owns 36,479 shares in the company, valued at $5,435,371. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Christine M. Mccarthy sold 4,617 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $139.20, for a total value of $642,686.40. Following the sale, the chief financial officer now owns 135,756 shares of the company’s stock, valued at approximately $18,897,235.20. The disclosure for this sale can be found here. Insiders own 0.36% of the company’s stock.
Several large investors have recently modified their holdings of DIS. Phocas Financial Corp. boosted its holdings in shares of Walt Disney by 1,011,623.0% during the second quarter. Phocas Financial Corp. now owns 65,691,172 shares of the entertainment giant’s stock worth $917,000 after acquiring an additional 65,684,679 shares during the period. Nuveen Asset Management LLC boosted its stake in shares of Walt Disney by 6,385.2% in the second quarter. Nuveen Asset Management LLC now owns 16,253,462 shares of the entertainment giant’s stock valued at $2,269,633,000 after buying an additional 16,002,838 shares during the period. Jennison Associates LLC boosted its stake in shares of Walt Disney by 2,490.8% in the second quarter. Jennison Associates LLC now owns 7,164,008 shares of the entertainment giant’s stock valued at $1,000,382,000 after buying an additional 6,887,494 shares during the period. Morgan Stanley boosted its stake in shares of Walt Disney by 29.9% in the second quarter. Morgan Stanley now owns 27,743,170 shares of the entertainment giant’s stock valued at $3,874,059,000 after buying an additional 6,386,504 shares during the period. Finally, Vanguard Group Inc. boosted its stake in shares of Walt Disney by 3.3% in the second quarter. Vanguard Group Inc. now owns 131,103,772 shares of the entertainment giant’s stock valued at $18,307,330,000 after buying an additional 4,142,604 shares during the period. Institutional investors own 68.47% of the company’s stock.
Walt Disney Company Profile
The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses.
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