Walt Disney Company (The) (NYSE:DIS)‘s stock had its “buy” rating reiterated by investment analysts at Bank of America Corporation in a research note issued on Friday. They currently have a $120.00 price target on the entertainment giant’s stock, down from their previous price target of $125.00. Bank of America Corporation’s target price would suggest a potential upside of 23.62% from the company’s previous close.

A number of other brokerages have also recently issued reports on DIS. Guggenheim restated a “buy” rating and issued a $122.00 price objective on shares of Walt Disney Company (The) in a research note on Tuesday. BidaskClub upgraded Walt Disney Company (The) from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Deutsche Bank AG restated a “buy” rating and issued a $125.00 price objective (down from $130.00) on shares of Walt Disney Company (The) in a research note on Monday, May 15th. Credit Suisse Group restated an “outperform” rating and issued a $120.00 price objective (down from $125.00) on shares of Walt Disney Company (The) in a research note on Wednesday, August 9th. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $130.00 price objective on shares of Walt Disney Company (The) in a research note on Friday, July 14th. Four analysts have rated the stock with a sell rating, thirteen have given a hold rating and twenty-one have assigned a buy rating to the company. Walt Disney Company (The) currently has an average rating of “Hold” and an average price target of $113.95.

Walt Disney Company (DIS) opened at 97.07 on Friday. The firm has a market capitalization of $149.83 billion, a P/E ratio of 17.22 and a beta of 1.42. Walt Disney Company has a 1-year low of $90.32 and a 1-year high of $116.10. The company has a 50 day moving average of $103.93 and a 200 day moving average of $108.10. Walt Disney Company (The) also was the target of some unusual options trading on Thursday. Investors purchased 43,955 put options on the company. This represents an increase of 179% compared to the average volume of 15,745 put options.

Walt Disney Company (The) (NYSE:DIS) last announced its quarterly earnings data on Tuesday, August 8th. The entertainment giant reported $1.58 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.53 by $0.05. Walt Disney Company (The) had a return on equity of 19.69% and a net margin of 16.22%. The business had revenue of $14.24 billion for the quarter, compared to analysts’ expectations of $14.44 billion. During the same period in the previous year, the business posted $1.62 EPS. The firm’s quarterly revenue was down .3% compared to the same quarter last year. On average, equities research analysts anticipate that Walt Disney Company will post $5.87 earnings per share for the current year.

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In other Walt Disney Company (The) news, Director Maria Elena Lagomasino bought 976 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The stock was bought at an average price of $102.34 per share, for a total transaction of $99,883.84. Following the completion of the acquisition, the director now directly owns 7,513 shares in the company, valued at $768,880.42. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.38% of the stock is owned by corporate insiders.

Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in shares of Walt Disney Company (The) by 2.2% during 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 acquiring an additional 2,131,932 shares in the last quarter. State Street Corp raised its holdings in shares of Walt Disney Company (The) by 0.7% during 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 acquiring an additional 456,053 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Walt Disney Company (The) by 2.5% during 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 acquiring an additional 500,349 shares in the last quarter. Fisher Asset Management LLC raised its holdings in shares of Walt Disney Company (The) by 1.2% during 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 acquiring an additional 101,808 shares in the last quarter. Finally, Legal & General Group Plc raised its holdings in shares of Walt Disney Company (The) by 5.3% during 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 acquiring an additional 394,012 shares in the last quarter. Institutional investors own 61.47% 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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