BidaskClub cut shares of Walt Disney Company (The) (NYSE:DIS) from a hold rating to a sell rating in a research note published on Sunday.

A number of other analysts have also weighed in on the stock. BMO Capital Markets reaffirmed a sell rating and set a $95.00 target price on shares of Walt Disney Company (The) in a report on Sunday. Royal Bank Of Canada reissued a buy rating and issued a $130.00 price target on shares of Walt Disney Company (The) in a report on Friday. Guggenheim reissued a buy rating and issued a $122.00 price target (down previously from $128.00) on shares of Walt Disney Company (The) in a report on Wednesday. Zacks Investment Research lowered shares of Walt Disney Company (The) from a hold rating to a sell rating in a report on Tuesday, July 11th. Finally, Bank of America Corporation set a $125.00 price target on shares of Walt Disney Company (The) and gave the stock a hold rating in a report on Saturday, June 24th. Seven investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seventeen have issued a buy rating to the company’s stock. Walt Disney Company (The) currently has an average rating of Hold and an average target price of $116.17.

Shares of Walt Disney Company (NYSE DIS) traded up 0.77% on Friday, reaching $105.09. 4,370,311 shares of the company were exchanged. The stock has a market capitalization of $164.45 billion, a PE ratio of 18.33 and a beta of 1.39. The firm has a 50 day moving average price of $106.63 and a 200-day moving average price of $109.31. Walt Disney Company has a 12-month low of $90.32 and a 12-month high of $116.10.

Walt Disney Company (The) (NYSE:DIS) last posted its earnings results on Tuesday, May 9th. The entertainment giant reported $1.50 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.45 by $0.05. The business had revenue of $13.34 billion for the quarter, compared to analyst estimates of $13.44 billion. Walt Disney Company (The) had a net margin of 16.63% and a return on equity of 19.81%. Walt Disney Company (The)’s revenue was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.36 EPS. On average, analysts predict that Walt Disney Company will post $5.92 EPS for the current fiscal year.

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The business also recently announced a dividend, which will be paid on Thursday, July 27th. Stockholders of record on Monday, July 10th will be issued a $0.78 dividend. The ex-dividend date is Thursday, July 6th. Walt Disney Company (The)’s dividend payout ratio (DPR) is presently 27.18%.

In other news, EVP Brent Woodford sold 2,000 shares of the business’s stock in a transaction on Tuesday, April 18th. The shares were sold at an average price of $114.50, for a total value of $229,000.00. Following the transaction, the executive vice president now owns 27,745 shares of the company’s stock, valued at $3,176,802.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Susan E. Arnold sold 12,143 shares of the business’s stock in a transaction on Thursday, May 11th. The stock was sold at an average price of $109.02, for a total transaction of $1,323,829.86. Following the completion of the transaction, the director now directly owns 48,673 shares in the company, valued at approximately $5,306,330.46. The disclosure for this sale can be found here. Insiders sold 811,721 shares of company stock worth $85,370,302 in the last three months. Insiders own 0.38% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Norges Bank bought a new position in Walt Disney Company (The) during the fourth quarter valued at approximately $1,507,183,000. Asset Management One Co. Ltd. increased its position in Walt Disney Company (The) by 1,054.2% in the fourth quarter. Asset Management One Co. Ltd. now owns 2,704,130 shares of the entertainment giant’s stock valued at $281,899,000 after buying an additional 2,469,854 shares during the period. Viking Global Investors LP bought a new position in Walt Disney Company (The) during the fourth quarter valued at approximately $250,510,000. Acadian Asset Management LLC increased its position in Walt Disney Company (The) by 88.8% in the first quarter. Acadian Asset Management LLC now owns 3,345,124 shares of the entertainment giant’s stock valued at $379,305,000 after buying an additional 1,573,215 shares during the period. Finally, Renaissance Technologies LLC increased its position in Walt Disney Company (The) by 36.6% in the fourth quarter. Renaissance Technologies LLC now owns 3,623,907 shares of the entertainment giant’s stock valued at $377,684,000 after buying an additional 970,700 shares during the period. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

About Walt Disney Company (The)

The Walt Disney Company is an entertainment company. The Company operates in four business segments: Media Networks, Parks and Resorts, Studio Entertainment, and Consumer Products & Interactive Media. The media networks segment includes cable and broadcast television networks, television production and distribution operations, domestic television stations, and radio networks and stations.

Analyst Recommendations for Walt Disney Company (The) (NYSE:DIS)

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