BTIG Research Reiterates “Sell” Rating for The Walt Disney Co. (DIS)
The Walt Disney Co. (NYSE:DIS)‘s stock had its “sell” rating reaffirmed by BTIG Research in a research note issued to investors on Friday.
A number of other equities research analysts have also recently issued reports on the stock. Morgan Stanley reaffirmed a “hold” rating on shares of The Walt Disney in a research note on Sunday, July 17th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a $118.00 price objective on shares of The Walt Disney in a research note on Saturday, August 13th. Macquarie raised shares of The Walt Disney from a “neutral” rating to an “outperform” rating and set a $125.00 price objective for the company in a research note on Wednesday, August 10th. Vetr cut shares of The Walt Disney from a “strong-buy” rating to a “buy” rating and set a $103.64 price objective for the company. in a research note on Monday, October 24th. Finally, Brean Capital reaffirmed a “hold” rating on shares of The Walt Disney in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and thirteen have given a buy rating to the company. The Walt Disney currently has a consensus rating of “Hold” and an average target price of $108.11.
Shares of The Walt Disney (NYSE:DIS) opened at 97.92 on Friday. The company has a market capitalization of $156.67 billion, a P/E ratio of 17.09 and a beta of 1.21. The firm has a 50-day moving average of $92.78 and a 200 day moving average of $96.61. 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 issued its quarterly earnings results on Thursday, November 10th. The entertainment giant reported $1.10 EPS for the quarter, missing the Zacks’ consensus estimate of $1.16 by $0.06. The company earned $13.14 billion during the quarter, compared to the consensus estimate of $13.71 billion. The Walt Disney had a return on equity of 19.81% and a net margin of 16.88%. The Walt Disney’s quarterly revenue was down 2.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.20 EPS. On average, equities research analysts expect that The Walt Disney will post $5.96 earnings per share for the current year.
Large investors have recently added to or reduced their stakes in the stock. Thomas J. Herzfeld Advisors Inc. bought a new stake in The Walt Disney during the second quarter valued at about $103,000. Balentine LLC boosted its stake 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 during the last quarter. Lombard Odier Transatlantic Limited Partnership boosted its stake in The Walt Disney by 71.4% in the third quarter. Lombard Odier Transatlantic Limited Partnership now owns 1,200 shares of the entertainment giant’s stock valued at $111,000 after buying an additional 500 shares during the last quarter. Krilogy Financial LLC boosted its stake 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 during the last quarter. Finally, TLP Group LLC bought a new stake in The Walt Disney during the third quarter valued at about $129,000. Hedge funds and other institutional investors own 57.48% 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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