Piper Jaffray Companies set a $130.00 price objective on Walt Disney Company (The) (NYSE:DIS) in a report released on Tuesday. The firm currently has a buy rating on the entertainment giant’s stock.

A number of other brokerages have also recently commented on DIS. Vetr cut shares of Walt Disney Company (The) from a buy rating to a hold rating and set a $103.55 target price on the stock. in a report on Monday, August 21st. Goldman Sachs Group, Inc. (The) set a $119.00 target price on shares of Walt Disney Company (The) and gave the company a buy rating in a report on Saturday, August 19th. Loop Capital restated a hold rating and set a $107.00 target price (down previously from $108.00) on shares of Walt Disney Company (The) in a report on Wednesday, August 16th. Barclays PLC dropped their target price on shares of Walt Disney Company (The) from $102.00 to $98.00 and set an equal weight rating on the stock in a report on Friday, August 11th. Finally, Zacks Investment Research upgraded shares of Walt Disney Company (The) from a sell rating to a hold rating in a report on Friday, August 11th. Five investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and sixteen have issued a buy rating to the stock. Walt Disney Company (The) presently has a consensus rating of Hold and an average target price of $114.61.

Shares of Walt Disney Company (NYSE:DIS) opened at 102.41 on Tuesday. The firm has a market capitalization of $158.07 billion, a price-to-earnings ratio of 18.16 and a beta of 1.40. The company’s 50 day moving average is $104.96 and its 200-day moving average is $108.67. Walt Disney Company has a one year low of $90.32 and a one year high of $116.10.

Walt Disney Company (The) (NYSE:DIS) last released its quarterly earnings results on Tuesday, August 8th. The entertainment giant reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.05. The business had revenue of $14.24 billion for the quarter, compared to analysts’ expectations of $14.44 billion. Walt Disney Company (The) had a net margin of 16.22% and a return on equity of 19.69%. The firm’s revenue for the quarter was down .3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.62 earnings per share. Equities analysts expect that Walt Disney Company will post $5.88 EPS for the current year.

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The firm also recently declared a Semi-Annual dividend, which was paid on Thursday, July 27th. Shareholders of record on Monday, July 10th were paid a $0.78 dividend. The ex-dividend date was Thursday, July 6th. Walt Disney Company (The)’s payout ratio is 27.56%.

In other Walt Disney Company (The) news, Director Maria Elena Lagomasino purchased 976 shares of the company’s stock in a transaction on Thursday, August 10th. The stock was acquired at an average cost of $102.34 per share, for a total transaction of $99,883.84. Following the purchase, the director now directly owns 7,513 shares of the company’s stock, valued at approximately $768,880.42. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Robert A. Iger sold 797,578 shares of the company’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $105.09, for a total value of $83,817,472.02. Following the completion of the transaction, the chairman now owns 1,566,484 shares of the company’s stock, valued at $164,621,803.56. The disclosure for this sale can be found here. Corporate insiders own 0.38% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Walt Disney Company (The) by 2.2% in the second quarter. Vanguard Group Inc. now owns 98,803,049 shares of the entertainment giant’s stock valued at $10,497,824,000 after buying an additional 2,131,932 shares during the last quarter. State Street Corp increased its position in Walt Disney Company (The) by 0.7% in the first quarter. State Street Corp now owns 67,739,871 shares of the entertainment giant’s stock valued at $7,681,023,000 after buying an additional 456,053 shares during the last quarter. Northern Trust Corp increased its position in Walt Disney Company (The) by 2.5% in the second quarter. Northern Trust Corp now owns 20,462,287 shares of the entertainment giant’s stock valued at $2,174,118,000 after buying an additional 500,349 shares during the last quarter. Fisher Asset Management LLC increased its position in Walt Disney Company (The) by 1.2% in the first quarter. Fisher Asset Management LLC now owns 8,846,672 shares of the entertainment giant’s stock valued at $1,003,124,000 after buying an additional 101,808 shares during the last quarter. Finally, Legal & General Group Plc increased its position in Walt Disney Company (The) by 5.3% in the second quarter. Legal & General Group Plc now owns 7,885,053 shares of the entertainment giant’s stock valued at $837,761,000 after buying an additional 394,012 shares during the last quarter. Institutional investors and hedge funds own 62.34% of the company’s stock.

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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