The Walt Disney Co. (DIS) Stock Rating Lowered by Drexel Hamilton
The Walt Disney Co. (NYSE:DIS) was downgraded by stock analysts at Drexel Hamilton from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday. They presently have a $102.00 price objective on the entertainment giant’s stock, down from their previous price objective of $112.00. Drexel Hamilton’s target price suggests a potential upside of 11.21% from the stock’s previous close.
DIS has been the topic of a number of other reports. Morgan Stanley reiterated a “hold” rating on shares of The Walt Disney in a research report on Sunday, July 17th. FBR & Co reiterated a “hold” rating on shares of The Walt Disney in a research report on Sunday, September 4th. Wells Fargo & Co. downgraded The Walt Disney to a “hold” rating in a research report on Thursday, August 25th. Brean Capital reiterated a “hold” rating on shares of The Walt Disney in a research report on Thursday, August 11th. Finally, Goldman Sachs Group Inc. reiterated a “neutral” rating and set a $108.00 target price (down from $109.00) on shares of The Walt Disney in a research report on Thursday, August 11th. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $109.71.
Shares of The Walt Disney (NYSE:DIS) opened at 91.72 on Monday. The firm has a market capitalization of $147.40 billion, a P/E ratio of 16.48 and a beta of 1.28. The company’s 50 day moving average price is $94.58 and its 200-day moving average price is $98.05. The Walt Disney has a 12 month low of $86.25 and a 12 month high of $120.65.
The Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Tuesday, August 9th. The entertainment giant reported $1.62 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.61 by $0.01. The Walt Disney had a return on equity of 19.98% and a net margin of 16.48%. The firm had revenue of $14.20 billion for the quarter, compared to the consensus estimate of $14.16 billion. During the same period in the previous year, the business earned $1.45 earnings per share. The company’s revenue for the quarter was up 9.0% compared to the same quarter last year. On average, equities analysts predict that The Walt Disney will post $5.79 earnings per share for the current fiscal year.
Several hedge funds have recently made changes to their positions in DIS. Thomas J. Herzfeld Advisors Inc. bought a new stake in shares of The Walt Disney during the second quarter worth $103,000. Balentine LLC boosted its stake in shares of The Walt Disney by 365.8% in the second quarter. Balentine LLC now owns 1,076 shares of the entertainment giant’s stock worth $105,000 after buying an additional 845 shares during the last quarter. Krilogy Financial LLC boosted its stake in shares of The Walt Disney by 5.0% in the second quarter. Krilogy Financial LLC now owns 1,292 shares of the entertainment giant’s stock worth $126,000 after buying an additional 61 shares during the last quarter. Cordasco Financial Network boosted its stake in shares of The Walt Disney by 149.8% in the second quarter. Cordasco Financial Network now owns 1,501 shares of the entertainment giant’s stock worth $147,000 after buying an additional 900 shares during the last quarter. Finally, Opera Trading Capital acquired a new stake in The Walt Disney during the first quarter valued at approximately $158,000. Institutional investors and hedge funds own 57.92% of the company’s stock.
The Walt Disney Company Profile
The Walt Disney Company is a diversified entertainment company. The Company’s business segments include Media Networks, Parks and Resorts, Studio Entertainment, Consumer Products and Interactive. The Media Networks segment includes cable and broadcast television networks, television production operations, television distribution, domestic television stations, and radio networks and stations.
Receive News & Stock Ratings for The Walt Disney Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Walt Disney Co. and related stocks with our FREE daily email newsletter.