The Walt Disney Co. (DIS) Rating Reiterated by Wood & Company
The Walt Disney Co. (NYSE:DIS)‘s stock had its “sell” rating reiterated by investment analysts at Wood & Company in a research report issued on Thursday. They presently have a $120.65 target price on the entertainment giant’s stock. Wood & Company’s price target suggests a potential upside of 22.81% from the company’s current price.
A number of other equities research analysts have also recently commented on DIS. 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. Vetr raised shares of The Walt Disney from a “hold” rating to a “buy” rating and set a $102.13 price objective on the stock in a research note on Thursday, July 21st. Pivotal Research reissued a “buy” rating and issued a $122.00 price objective on shares of The Walt Disney in a research note on Sunday, July 24th. FBR & Co cut shares of The Walt Disney from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $111.00 to $108.00 in a research note on Tuesday, July 26th. Finally, Deutsche Bank AG reissued a “hold” rating and issued a $115.00 price objective on shares of The Walt Disney in a research note on Thursday, August 4th. Three equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $108.39.
The Walt Disney (NYSE:DIS) opened at 98.24 on Thursday. The firm’s 50-day moving average is $92.78 and its 200-day moving average is $96.61. The Walt Disney has a 52 week low of $86.25 and a 52 week high of $120.65. The stock has a market capitalization of $157.18 billion, a P/E ratio of 17.14 and a beta of 1.21.
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 Zacks’ consensus estimate of $1.16 by $0.06. The company earned $13.14 billion during the quarter, compared to analysts’ expectations of $13.71 billion. The Walt Disney had a net margin of 16.88% and a return on equity of 19.81%. The business’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.20 EPS. On average, equities research analysts predict that The Walt Disney will post $5.96 EPS for the current fiscal year.
In other news, EVP Alan N. Braverman sold 19,871 shares of the firm’s stock in a transaction that occurred on Wednesday, November 16th. The shares were sold at an average price of $99.00, for a total transaction of $1,967,229.00. Following the completion of the sale, the executive vice president now owns 135,614 shares of the company’s stock, valued at $13,425,786. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 13.00% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. D.A. Davidson & CO. increased its stake in The Walt Disney by 37.9% in the third quarter. D.A. Davidson & CO. now owns 219,889 shares of the entertainment giant’s stock worth $20,415,000 after buying an additional 60,388 shares during the last quarter. Bainco International Investors increased its stake in The Walt Disney by 4.3% in the third quarter. Bainco International Investors now owns 81,646 shares of the entertainment giant’s stock worth $7,582,000 after buying an additional 3,352 shares during the last quarter. Sheets Smith Wealth Management increased its stake in The Walt Disney by 34.7% in the third quarter. Sheets Smith Wealth Management now owns 22,352 shares of the entertainment giant’s stock worth $2,076,000 after buying an additional 5,752 shares during the last quarter. Whalerock Point Partners LLC bought a new stake in The Walt Disney during the third quarter worth $1,506,000. Finally, Piedmont Investment Advisors LLC bought a new stake in The Walt Disney during the third quarter worth $31,044,000. 57.27% of the stock is owned by institutional investors and hedge funds.
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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