The Walt Disney Co. (NYSE:DIS)‘s stock had its “buy” rating reaffirmed by analysts at JPMorgan Chase & Co. in a research note issued on Friday. They currently have a $118.00 price objective on the entertainment giant’s stock. JPMorgan Chase & Co.’s price target suggests a potential upside of 20.51% from the stock’s current price.

Several other analysts also recently weighed in on DIS. FBR & Co reiterated a “hold” rating on shares of The Walt Disney in a research note on Sunday, September 4th. BTIG Research reiterated a “sell” rating on shares of The Walt Disney in a research note on Friday. Piper Jaffray Cos. reiterated an “overweight” rating and set a $120.00 price target on shares of The Walt Disney in a research note on Monday, August 8th. Barclays PLC reiterated an “underweight” rating on shares of The Walt Disney in a research note on Friday, September 30th. Finally, Drexel Hamilton reiterated a “hold” rating and set a $102.00 price target on shares of The Walt Disney in a research note on Friday. Two analysts have rated the stock with a sell rating, nineteen have given a hold rating and thirteen have assigned a buy rating to the company. The Walt Disney presently has a consensus rating of “Hold” and an average target price of $108.11.

Analyst Recommendations for The Walt Disney (NYSE:DIS)

Shares of The Walt Disney (NYSE:DIS) opened at 97.92 on Friday. The company’s 50 day moving average price is $92.78 and its 200 day moving average price is $96.61. The stock has a market cap of $156.67 billion, a PE ratio of 17.09 and a beta of 1.21. The Walt Disney has a 52-week low of $86.25 and a 52-week high of $120.65.

The Walt Disney (NYSE:DIS) last announced its earnings results on Thursday, November 10th. The entertainment giant reported $1.10 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.16 by $0.06. The Walt Disney had a return on equity of 19.81% and a net margin of 16.88%. The business had revenue of $13.14 billion for the quarter, compared to analysts’ expectations of $13.71 billion. During the same quarter last year, the firm earned $1.20 earnings per share. The firm’s quarterly revenue was down 2.7% compared to the same quarter last year. On average, analysts anticipate that The Walt Disney will post $5.96 earnings per share for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Parnassus Investments CA purchased a new position in The Walt Disney during the second quarter worth approximately $392,780,000. Nordea Investment Management AB boosted its position in The Walt Disney by 149.1% in the third quarter. Nordea Investment Management AB now owns 5,372,709 shares of the entertainment giant’s stock worth $498,910,000 after buying an additional 3,216,153 shares during the period. Bank of Montreal Can purchased a new position in The Walt Disney during the second quarter worth approximately $202,393,000. Emerald Acquisition Ltd. purchased a new position in The Walt Disney during the second quarter worth approximately $201,593,000. Finally, The Manufacturers Life Insurance Company purchased a new position in The Walt Disney during the third quarter worth approximately $174,781,000. Institutional investors own 57.48% 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.

5 Day Chart for NYSE:DIS

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.