Walt Disney (NYSE:DIS) was upgraded by research analysts at BTIG Research from a “sell” rating to a “neutral” rating in a report released on Monday, The Fly reports.
Several other equities research analysts also recently weighed in on the stock. BMO Capital Markets upped their price objective on shares of Walt Disney from $109.00 to $114.00 and gave the stock a “market perform” rating in a report on Thursday, February 7th. Credit Suisse Group reaffirmed a “hold” rating and issued a $114.00 price objective on shares of Walt Disney in a report on Tuesday, January 22nd. Edward Jones raised shares of Walt Disney from a “hold” rating to a “buy” rating in a report on Wednesday, February 13th. Tigress Financial reaffirmed a “buy” rating on shares of Walt Disney in a report on Tuesday, February 12th. Finally, Cowen raised shares of Walt Disney from a “market perform” rating to an “outperform” rating and set a $115.90 price objective for the company in a report on Tuesday, April 9th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and nineteen have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $129.67.
Shares of DIS opened at $130.06 on Monday. Walt Disney has a 1 year low of $97.68 and a 1 year high of $130.90. The firm has a market cap of $193.89 billion, a PE ratio of 18.37, a PEG ratio of 3.22 and a beta of 0.91. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.00 and a quick ratio of 0.92.
Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Tuesday, February 5th. The entertainment giant reported $1.84 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.27. The business had revenue of $15.30 billion during the quarter, compared to the consensus estimate of $15.20 billion. Walt Disney had a net margin of 18.46% and a return on equity of 20.50%. The company’s quarterly revenue was down .3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.89 earnings per share. On average, analysts anticipate that Walt Disney will post 6.88 earnings per share for the current year.
In other Walt Disney news, EVP Zenia B. Mucha sold 33,000 shares of the business’s stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $128.88, for a total transaction of $4,253,040.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Brent Woodford sold 2,000 shares of the business’s stock in a transaction dated Thursday, February 21st. The stock was sold at an average price of $114.35, for a total value of $228,700.00. Following the sale, the executive vice president now owns 26,517 shares in the company, valued at approximately $3,032,218.95. The disclosure for this sale can be found here. Over the last quarter, insiders sold 37,042 shares of company stock worth $4,713,677. 0.36% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vaughan Nelson Investment Management L.P. boosted its position in shares of Walt Disney by 137.2% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 932,665 shares of the entertainment giant’s stock valued at $102,267,000 after purchasing an additional 539,445 shares in the last quarter. Long Road Investment Counsel LLC purchased a new stake in shares of Walt Disney during the third quarter valued at approximately $208,000. Court Place Advisors LLC increased its position in shares of Walt Disney by 1.6% during the fourth quarter. Court Place Advisors LLC now owns 14,698 shares of the entertainment giant’s stock valued at $1,612,000 after acquiring an additional 235 shares during the last quarter. King Luther Capital Management Corp increased its position in shares of Walt Disney by 3.4% during the third quarter. King Luther Capital Management Corp now owns 765,838 shares of the entertainment giant’s stock valued at $89,557,000 after acquiring an additional 25,204 shares during the last quarter. Finally, Dundas Partners LLP increased its position in shares of Walt Disney by 57.2% during the third quarter. Dundas Partners LLP now owns 103,687 shares of the entertainment giant’s stock valued at $15,502,000 after acquiring an additional 37,740 shares during the last quarter. Hedge funds and other institutional investors own 64.61% of the company’s stock.
About Walt Disney
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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