The Walt Disney’s (DIS) Underweight Rating Reaffirmed at Barclays PLC
DIS has been the subject of a number of other research reports. Sanford C. Bernstein reissued a market perform rating on shares of The Walt Disney in a report on Friday, June 17th. Morgan Stanley reissued a hold rating on shares of The Walt Disney in a report on Sunday, July 17th. Citigroup Inc. lowered their price target on The Walt Disney from $120.00 to $117.00 and set a buy rating for the company in a report on Thursday, August 11th. Hilliard Lyons raised The Walt Disney to a buy rating in a report on Thursday, August 25th. Finally, JPMorgan Chase & Co. reissued an overweight rating and set a $118.00 price target on shares of The Walt Disney in a report on Saturday, August 13th. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. The Walt Disney currently has a consensus rating of Hold and a consensus target price of $109.71.
The Walt Disney (NYSE:DIS) opened at 92.86 on Friday. The firm’s 50-day moving average price is $94.14 and its 200-day moving average price is $97.92. The Walt Disney has a one year low of $86.25 and a one year high of $120.65. The company has a market cap of $149.24 billion, a PE ratio of 16.69 and a beta of 1.25.
The Walt Disney (NYSE:DIS) last released its earnings results on Tuesday, August 9th. The entertainment giant reported $1.62 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $0.01. The firm earned $14.20 billion during the quarter, compared to the consensus estimate of $14.16 billion. The Walt Disney had a return on equity of 19.98% and a net margin of 16.48%. The company’s revenue was up 9.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.45 EPS. On average, equities research analysts forecast that The Walt Disney will post $5.79 earnings per share for the current fiscal year.
Large investors have recently made changes to their positions in the stock. Carnick & Kubik Group LLC bought a new stake in shares of The Walt Disney during the second quarter worth $1,466,000. Williams Jones & Associates LLC raised its stake in shares of The Walt Disney by 13.6% in the second quarter. Williams Jones & Associates LLC now owns 117,635 shares of the entertainment giant’s stock worth $11,507,000 after buying an additional 14,070 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund bought a new stake in shares of The Walt Disney during the second quarter worth $5,895,000. Kentucky Retirement Systems bought a new stake in shares of The Walt Disney during the second quarter worth $12,416,000. Finally, Mason Street Advisors LLC bought a new stake in shares of The Walt Disney during the second quarter worth $19,667,000. 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.
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