BMO Capital Markets Reaffirms “Market Perform” Rating for The Walt Disney Co. (DIS)
The Walt Disney Co. (NYSE:DIS)‘s stock had its “market perform” rating reaffirmed by equities researchers at BMO Capital Markets in a research note issued to investors on Monday. They presently have a $90.00 target price on the entertainment giant’s stock, down from their previous target price of $95.00. BMO Capital Markets’ price objective points to a potential downside of 0.91% from the stock’s previous close.
A number of other equities analysts also recently commented on DIS. Stifel Nicolaus downgraded shares of The Walt Disney from a “buy” rating to a “hold” rating and set a $110.00 target price on the stock. in a research note on Wednesday, July 20th. They noted that the move was a valuation call. Barclays PLC restated an “underweight” rating and issued a $89.00 target price on shares of The Walt Disney in a research note on Thursday, June 30th. Citigroup Inc. dropped their target price on shares of The Walt Disney from $120.00 to $117.00 and set a “buy” rating on the stock in a research note on Thursday, August 11th. Morgan Stanley upped their target price 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. Finally, JPMorgan Chase & Co. restated an “overweight” rating and issued a $118.00 target price on shares of The Walt Disney in a research note on Saturday, August 13th. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. The Walt Disney currently has an average rating of “Hold” and a consensus target price of $109.40.
Shares of The Walt Disney (NYSE:DIS) traded down 0.51% on Monday, hitting $90.83. The stock had a trading volume of 5,133,550 shares. The Walt Disney has a 52 week low of $86.25 and a 52 week high of $120.65. The company has a 50-day moving average of $92.91 and a 200 day moving average of $97.49. The company has a market capitalization of $145.97 billion, a price-to-earnings ratio of 16.32 and a beta of 1.25.
The Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Tuesday, August 9th. The entertainment giant reported $1.62 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.61 by $0.01. The Walt Disney had a net margin of 16.48% and a return on equity of 19.98%. The company had revenue of $14.20 billion for the quarter, compared to analyst estimates of $14.16 billion. During the same period in the prior year, the company posted $1.45 EPS. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. On average, equities research analysts predict that The Walt Disney will post $5.78 EPS for the current year.
A number of institutional investors have recently modified their holdings of the company. Cim LLC increased its position in shares of The Walt Disney by 149.7% in the third quarter. Cim LLC now owns 79,983 shares of the entertainment giant’s stock worth $7,428,000 after buying an additional 47,948 shares during the period. American National Bank increased its stake in The Walt Disney by 3,428.8% in the third quarter. American National Bank now owns 24,984 shares of the entertainment giant’s stock worth $2,320,000 after buying an additional 24,276 shares during the period. CWM LLC increased its stake in The Walt Disney by 129.6% in the third quarter. CWM LLC now owns 6,597 shares of the entertainment giant’s stock worth $613,000 after buying an additional 3,724 shares during the period. Northwest Investment Counselors LLC increased its stake in The Walt Disney by 1.6% in the third quarter. Northwest Investment Counselors LLC now owns 20,182 shares of the entertainment giant’s stock worth $1,874,000 after buying an additional 327 shares during the period. Finally, Financial & Investment Management Group Ltd. bought a new stake in The Walt Disney during the third quarter worth about $2,095,000. 57.96% of the stock is currently owned by institutional investors.
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.
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