Credit Suisse Group reiterated their outperform rating on shares of Walt Disney Company (The) (NYSE:DIS) in a research report released on Monday morning. The firm currently has a $120.00 price objective on the entertainment giant’s stock.

Several other equities research analysts have also recently commented on the company. Goldman Sachs Group, Inc. (The) set a $134.00 target price on Walt Disney Company (The) and gave the company a buy rating in a research note on Saturday, May 20th. Macquarie cut Walt Disney Company (The) from an outperform rating to a neutral rating and lifted their target price for the company from $90.32 to $105.00 in a research note on Wednesday, May 17th. Deutsche Bank AG reissued a buy rating and issued a $125.00 target price (down from $130.00) on shares of Walt Disney Company (The) in a research note on Monday, May 15th. Zacks Investment Research cut Walt Disney Company (The) from a hold rating to a sell rating in a research note on Tuesday, July 11th. Finally, Guggenheim reissued a buy rating and issued a $122.00 target price (down from $128.00) on shares of Walt Disney Company (The) in a research note on Wednesday, July 12th. Four research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and twenty-one have given a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of $113.98.

Shares of Walt Disney Company (NYSE:DIS) opened at 98.82 on Monday. The firm has a market cap of $152.53 billion, a price-to-earnings ratio of 17.53 and a beta of 1.42. Walt Disney Company has a one year low of $90.32 and a one year high of $116.10. The stock has a 50 day moving average price of $103.38 and a 200 day moving average price of $107.89.

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 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 firm had revenue of $14.24 billion during the quarter, compared to analysts’ expectations of $14.44 billion. During the same period last year, the firm posted $1.62 EPS. The business’s revenue was down .3% on a year-over-year basis. On average, equities research analysts forecast that Walt Disney Company will post $5.82 EPS for the current year.

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In related news, Director Maria Elena Lagomasino bought 976 shares of the stock in a transaction that occurred on Thursday, August 10th. The shares were acquired at an average price of $102.34 per share, with a total value of $99,883.84. Following the completion of the transaction, the director now owns 7,513 shares in the company, valued at $768,880.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.38% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in DIS. Lee Financial Co increased its position in Walt Disney Company (The) by 7.6% during the second quarter. Lee Financial Co now owns 1,052 shares of the entertainment giant’s stock worth $112,000 after buying an additional 74 shares during the last quarter. Sumitomo Mitsui Financial Group Inc. acquired a new position in Walt Disney Company (The) during the first quarter worth approximately $144,000. Krilogy Financial LLC increased its position in Walt Disney Company (The) by 13.2% during the second quarter. Krilogy Financial LLC now owns 1,422 shares of the entertainment giant’s stock worth $151,000 after buying an additional 166 shares during the last quarter. IHT Wealth Management LLC increased its position in Walt Disney Company (The) by 34.3% during the second quarter. IHT Wealth Management LLC now owns 15,377 shares of the entertainment giant’s stock worth $152,000 after buying an additional 3,923 shares during the last quarter. Finally, BDO Wealth Advisors LLC acquired a new position in Walt Disney Company (The) during the second quarter worth approximately $153,000. 61.48% 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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