The Walt Disney’s (DIS) Buy Rating Reaffirmed at Argus
The Walt Disney Co. (NYSE:DIS)‘s stock had its “buy” rating reiterated by analysts at Argus in a research note issued to investors on Wednesday. They currently have a $129.00 target price on the entertainment giant’s stock. Argus’ price objective indicates a potential upside of 29.43% from the company’s current price.
Several other research analysts have also recently commented 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, November 11th. Piper Jaffray Cos. reiterated an “overweight” rating and issued 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 issued a $102.00 price target on shares of The Walt Disney in a research note on Friday, November 11th. Three research analysts have rated the stock with a sell rating, seventeen have given a hold rating and fifteen have issued a buy rating to the stock. The Walt Disney has an average rating of “Hold” and an average target price of $108.09.
Shares of The Walt Disney (NYSE:DIS) traded down 0.41% on Wednesday, hitting $99.26. The company’s stock had a trading volume of 7,896,059 shares. The Walt Disney has a 1-year low of $86.25 and a 1-year high of $115.47. The firm has a market cap of $157.97 billion, a PE ratio of 17.32 and a beta of 1.21. The company has a 50 day moving average of $94.49 and a 200 day moving average of $96.01.
The Walt Disney (NYSE:DIS) last issued its quarterly earnings data 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 had revenue of $13.14 billion for the quarter, compared to analyst estimates of $13.71 billion. The Walt Disney had a return on equity of 19.81% and a net margin of 16.88%. The company’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 firm earned $1.20 EPS. Equities analysts forecast that The Walt Disney will post $5.95 EPS for the current year.
In other news, EVP Alan N. Braverman sold 19,871 shares of the firm’s stock in a transaction dated Wednesday, November 16th. The stock was sold at an average price of $99.00, for a total value of $1,967,229.00. Following the sale, the executive vice president now directly owns 135,614 shares of the company’s stock, valued at $13,425,786. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 13.00% of the stock is owned by insiders.
Large investors have recently modified their holdings of the stock. Parnassus Investments CA acquired a new stake in shares of The Walt Disney during the second quarter valued at about $392,780,000. Nordea Investment Management AB increased its stake 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 in the last quarter. Bank of Montreal Can acquired a new stake in shares of The Walt Disney during the second quarter valued at about $202,393,000. Emerald Acquisition Ltd. acquired a new stake in shares of The Walt Disney during the second quarter valued at about $201,593,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in shares of The Walt Disney during the third quarter valued at about $174,781,000. 56.30% of the stock is currently 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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