The Walt Disney Co. (DIS) Rating Reiterated by Bank of America Corp.
The Walt Disney Co. (NYSE:DIS)‘s stock had its “buy” rating restated by analysts at Bank of America Corp. in a research note issued to investors on Sunday. They presently have a $125.00 price target on the entertainment giant’s stock. Bank of America Corp.’s target price suggests a potential upside of 27.97% from the stock’s current price.
Several other analysts have also recently weighed in on the stock. Stifel Nicolaus cut shares of The Walt Disney from a “buy” rating to a “hold” rating and set a $110.00 price objective on the stock. in a research note on Wednesday, July 20th. They noted that the move was a valuation call. 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 report on Thursday, August 11th. Credit Suisse Group AG restated an “outperform” rating and issued a $125.00 target price (down previously from $128.00) on shares of The Walt Disney in a report on Thursday, October 27th. JPMorgan Chase & Co. restated an “overweight” rating and issued a $118.00 target price on shares of The Walt Disney in a report on Saturday, August 13th. Finally, Barclays PLC restated an “underweight” rating on shares of The Walt Disney in a report on Friday, September 30th. Two analysts have rated the stock with a sell rating, eighteen have given a hold rating and fourteen have given a buy rating to the company. The Walt Disney currently has a consensus rating of “Hold” and a consensus target price of $108.23.
The Walt Disney (NYSE:DIS) traded up 2.86% during trading on Friday, reaching $97.68. The company’s stock had a trading volume of 23,008,062 shares. The company has a market cap of $156.98 billion, a P/E ratio of 17.56 and a beta of 1.21. The Walt Disney has a 12 month low of $86.25 and a 12 month high of $120.65. The stock’s 50-day moving average is $92.78 and its 200 day moving average is $96.61.
The Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Thursday, November 10th. The entertainment giant reported $1.10 earnings per share for the quarter, missing the consensus estimate of $1.16 by $0.06. The Walt Disney had a return on equity of 19.73% and a net margin of 16.88%. The business earned $13.14 billion during the quarter, compared to the consensus estimate of $13.71 billion. During the same period in the prior year, the firm earned $1.20 EPS. The business’s revenue for the quarter was down 2.7% compared to the same quarter last year. On average, equities analysts forecast that The Walt Disney will post $6.04 EPS for the current fiscal year.
Several institutional investors have recently added to or reduced their stakes in DIS. Thomas J. Herzfeld Advisors Inc. acquired a new position in The Walt Disney during the second quarter valued at approximately $103,000. Balentine LLC raised its position in The Walt Disney by 365.8% in the second quarter. Balentine LLC now owns 1,076 shares of the entertainment giant’s stock valued at $105,000 after buying an additional 845 shares in the last quarter. Krilogy Financial LLC raised its position in The Walt Disney by 5.0% in the second quarter. Krilogy Financial LLC now owns 1,292 shares of the entertainment giant’s stock valued at $126,000 after buying an additional 61 shares in the last quarter. Cordasco Financial Network raised its position in The Walt Disney by 149.8% in the second quarter. Cordasco Financial Network now owns 1,501 shares of the entertainment giant’s stock valued at $147,000 after buying an additional 900 shares in the last quarter. Finally, Signature Estate & Investment Advisors LLC raised its position in The Walt Disney by 2.2% in the third quarter. Signature Estate & Investment Advisors LLC now owns 1,649 shares of the entertainment giant’s stock valued at $153,000 after buying an additional 36 shares in the last quarter. 57.98% 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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