The Walt Disney Co. (DIS) Stock Rating Reaffirmed by Stifel Nicolaus
The Walt Disney Co. (NYSE:DIS)‘s stock had its “hold” rating reaffirmed by stock analysts at Stifel Nicolaus in a research report issued on Friday. They currently have a $110.00 target price on the entertainment giant’s stock. Stifel Nicolaus’ price objective would suggest a potential upside of 12.34% from the company’s current price.
Several other brokerages also recently issued reports on DIS. Credit Suisse Group AG reiterated a “buy” rating and issued a $125.00 price target on shares of The Walt Disney in a report on Friday. Morgan Stanley reiterated a “hold” rating on shares of The Walt Disney in a report on Sunday, July 17th. Citigroup Inc. lowered their price target 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. Hilliard Lyons upgraded The Walt Disney to a “buy” rating in a report on Thursday, August 25th. Finally, Brean Capital reiterated a “hold” rating on shares of The Walt Disney in a report on Friday. Two investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $108.11.
The Walt Disney (NYSE:DIS) opened at 97.92 on Friday. The company has a 50-day moving average price of $92.78 and a 200-day moving average price of $96.61. The stock has a market capitalization of $156.67 billion, a price-to-earnings ratio of 17.09 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 Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Thursday, November 10th. The entertainment giant reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.16 by $0.06. The Walt Disney had a net margin of 16.88% and a return on equity of 19.81%. The company earned $13.14 billion during the quarter, compared to analyst estimates of $13.71 billion. During the same quarter in the prior year, the company posted $1.20 earnings per share. The firm’s revenue for the quarter was down 2.7% on a year-over-year basis. On average, equities research analysts forecast that The Walt Disney will post $5.96 earnings per share for the current year.
Several large investors have recently modified their holdings of the stock. Parnassus Investments CA purchased a new position in shares of The Walt Disney during the second quarter valued at approximately $392,780,000. Nordea Investment Management AB increased its position in shares of 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 valued at $498,910,000 after buying an additional 3,216,153 shares during the period. Bank of Montreal Can purchased a new position in shares of The Walt Disney during the second quarter valued at approximately $202,393,000. Emerald Acquisition Ltd. purchased a new position in shares of The Walt Disney during the second quarter valued at approximately $201,593,000. Finally, The Manufacturers Life Insurance Company purchased a new position in shares of The Walt Disney during the third quarter valued at approximately $174,781,000. 57.48% of the stock is owned by institutional investors.
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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