Nomura Reiterates Buy Rating for The Walt Disney Co. (DIS)
The Walt Disney Co. (NYSE:DIS)‘s stock had its “buy” rating reiterated by investment analysts at Nomura in a research note issued to investors on Saturday. They currently have a $110.00 target price on the entertainment giant’s stock, down from their prior target price of $115.00. Nomura’s target price indicates a potential upside of 20.48% from the company’s current price.
Several other equities analysts have also recently commented on the company. Stifel Nicolaus cut The Walt Disney from a “buy” rating to a “hold” rating and set a $110.00 price target for the company. in a report on Wednesday, July 20th. They noted that the move was a valuation call. Barclays PLC reissued an “underweight” rating and issued a $89.00 target price on shares of The Walt Disney in a report on Thursday, June 30th. Citigroup Inc. dropped their target price 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. Morgan Stanley increased their target price on The Walt Disney from $100.00 to $105.00 and gave the stock an “equal weight” rating in a report on Thursday, July 14th. Finally, JPMorgan Chase & Co. reissued an “overweight” rating and issued a $118.00 target price 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 stock presently has an average rating of “Hold” and a consensus target price of $109.56.
Shares of The Walt Disney (NYSE:DIS) traded up 0.20% during midday trading on Friday, reaching $91.30. 4,345,659 shares of the company’s stock traded hands. The Walt Disney has a 12 month low of $86.25 and a 12 month high of $120.65. The stock has a 50-day moving average price of $92.91 and a 200 day moving average price of $97.49. The firm has a market cap of $146.73 billion, a PE ratio of 16.41 and a beta of 1.25.
The Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Tuesday, August 9th. The entertainment giant reported $1.62 EPS for the quarter, beating the consensus estimate of $1.61 by $0.01. The firm earned $14.20 billion during the quarter, compared to analysts’ expectations 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 for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.45 EPS. Equities research analysts predict that The Walt Disney will post $5.78 earnings per share for the current year.
Several large investors have recently modified their holdings of the company. Forte Capital LLC ADV boosted its stake in shares of The Walt Disney by 0.9% in the first quarter. Forte Capital LLC ADV now owns 11,361 shares of the entertainment giant’s stock worth $1,128,000 after buying an additional 101 shares in the last quarter. First Manhattan Co. boosted its stake in shares of The Walt Disney by 2.2% in the first quarter. First Manhattan Co. now owns 439,504 shares of the entertainment giant’s stock worth $43,647,000 after buying an additional 9,620 shares in the last quarter. Douglas Lane & Associates LLC purchased a new stake in shares of The Walt Disney during the first quarter worth about $14,384,000. Duncker Streett & Co. Inc. boosted its stake in shares of The Walt Disney by 89.3% in the first quarter. Duncker Streett & Co. Inc. now owns 9,910 shares of the entertainment giant’s stock worth $984,000 after buying an additional 4,675 shares in the last quarter. Finally, Delta Asset Management LLC TN boosted its stake in shares of The Walt Disney by 2.8% in the first quarter. Delta Asset Management LLC TN now owns 238,495 shares of the entertainment giant’s stock worth $23,685,000 after buying an additional 6,518 shares in the last quarter. Institutional investors own 57.92% of the company’s stock.
About The Walt Disney
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.