The Walt Disney Co. (DIS) Receives “Hold” Rating from Brean Capital
Several other research firms have also weighed in on DIS. Zacks Investment Research lowered shares of The Walt Disney from a hold rating to a sell rating in a research note on Tuesday, July 12th. Morgan Stanley increased their price target on shares of The Walt Disney from $100.00 to $105.00 and gave the stock an equal weight rating in a research note on Thursday, July 14th. FBR & Co restated an outperform rating and set a $111.00 price target on shares of The Walt Disney in a research note on Tuesday, June 21st. Stifel Nicolaus lowered shares of The Walt Disney from a buy rating to a hold rating and set a $110.00 price target on the stock. in a research note on Wednesday, July 20th. They noted that the move was a valuation call. Finally, Vetr lowered shares of The Walt Disney from a buy rating to a hold rating and set a $101.25 price target on the stock. in a research note on Thursday, July 7th. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of Hold and an average price target of $109.71.
The Walt Disney (NYSE:DIS) traded up 0.8485% during midday trading on Wednesday, hitting $92.9823. 1,319,377 shares of the stock traded hands. The stock has a market cap of $149.43 billion, a PE ratio of 16.7114 and a beta of 1.28. The company has a 50-day moving average of $94.45 and a 200-day moving average of $98.01. The Walt Disney has a 1-year low of $86.25 and a 1-year high of $120.65.
The Walt Disney (NYSE:DIS) last released its quarterly earnings data on Tuesday, August 9th. The entertainment giant reported $1.62 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.61 by $0.01. The firm had revenue of $14.20 billion for the quarter, compared to analyst estimates of $14.16 billion. The Walt Disney had a net margin of 16.48% and a return on equity of 19.98%. The company’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.45 EPS. On average, equities analysts expect that The Walt Disney will post $5.79 EPS for the current fiscal year.
Several institutional investors have recently modified their holdings of the company. Thomas J. Herzfeld Advisors Inc. purchased a new position in shares of The Walt Disney during the second quarter worth about $103,000. Balentine LLC boosted its position 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 in the last quarter. Krilogy Financial LLC boosted its position 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 in the last quarter. Cordasco Financial Network boosted its position 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 in the last quarter. Finally, Opera Trading Capital purchased a new position in shares of The Walt Disney during the first quarter worth about $158,000. Institutional investors 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.
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