Walt Disney (NYSE:DIS) had its price target upped by Imperial Capital from $129.00 to $139.00 in a report issued on Monday, Briefing.com Automated Import reports. Imperial Capital currently has an outperform rating on the entertainment giant’s stock.
Several other brokerages have also issued reports on DIS. Citigroup raised their price objective on Walt Disney from $126.00 to $132.00 and gave the stock a buy rating in a report on Tuesday, April 9th. BMO Capital Markets raised Walt Disney from a market perform rating to an outperform rating and raised their price objective for the stock from $114.00 to $140.00 in a report on Wednesday, April 10th. Rosenblatt Securities assumed coverage on Walt Disney in a report on Tuesday, April 2nd. They set a buy rating and a $150.00 price objective on the stock. Credit Suisse Group reaffirmed a neutral rating and set a $114.00 price objective on shares of Walt Disney in a report on Friday. Finally, Goldman Sachs Group assumed coverage on Walt Disney in a report on Thursday, April 4th. They set a buy rating and a $142.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nineteen have issued a buy rating to the company. The stock presently has an average rating of Buy and an average target price of $130.20.
Walt Disney stock opened at $132.04 on Monday. Walt Disney has a 1-year low of $97.68 and a 1-year high of $132.70. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.92 and a current ratio of 1.00. The firm has a market capitalization of $193.89 billion, a price-to-earnings ratio of 18.65, a price-to-earnings-growth ratio of 3.59 and a beta of 0.91.
Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Tuesday, February 5th. The entertainment giant reported $1.84 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.57 by $0.27. Walt Disney had a return on equity of 20.50% and a net margin of 18.46%. The company had revenue of $15.30 billion for the quarter, compared to analysts’ expectations of $15.20 billion. During the same period last year, the firm earned $1.89 earnings per share. Walt Disney’s quarterly revenue was down .3% on a year-over-year basis. As a group, analysts anticipate that Walt Disney will post 6.88 earnings per share for the current fiscal year.
In related news, EVP Brent Woodford sold 2,000 shares of the firm’s stock in a transaction dated Thursday, February 21st. The stock was sold at an average price of $114.35, for a total transaction of $228,700.00. Following the transaction, the executive vice president now owns 26,517 shares of the company’s stock, valued at $3,032,218.95. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Zenia B. Mucha sold 33,000 shares of the firm’s stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $128.88, for a total value of $4,253,040.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 37,000 shares of company stock worth $4,708,940. Corporate insiders own 0.36% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in DIS. Northwest Wealth Management LLC lifted its position in Walt Disney by 3.2% in the first quarter. Northwest Wealth Management LLC now owns 2,922 shares of the entertainment giant’s stock valued at $324,000 after purchasing an additional 91 shares during the period. Boltwood Capital Management lifted its position in Walt Disney by 0.4% in the fourth quarter. Boltwood Capital Management now owns 22,637 shares of the entertainment giant’s stock valued at $2,482,000 after purchasing an additional 94 shares during the period. Stockman Wealth Management Inc. lifted its position in Walt Disney by 1.0% in the fourth quarter. Stockman Wealth Management Inc. now owns 9,392 shares of the entertainment giant’s stock valued at $1,030,000 after purchasing an additional 95 shares during the period. First National Bank of Hutchinson lifted its position in Walt Disney by 4.0% in the fourth quarter. First National Bank of Hutchinson now owns 2,527 shares of the entertainment giant’s stock valued at $277,000 after purchasing an additional 97 shares during the period. Finally, YorkBridge Wealth Partners LLC lifted its position in Walt Disney by 0.8% in the fourth quarter. YorkBridge Wealth Partners LLC now owns 12,422 shares of the entertainment giant’s stock valued at $1,362,000 after purchasing an additional 99 shares during the period. 64.63% of the stock is currently owned by hedge funds and other institutional investors.
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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