Walt Disney Company (The) (NYSE:DIS) was downgraded by equities research analysts at Vetr from a “strong-buy” rating to a “buy” rating in a report issued on Thursday. They presently have a $110.51 price target on the entertainment giant’s stock. Vetr‘s price objective points to a potential upside of 11.61% from the company’s previous close.

Several other equities analysts have also weighed in on the stock. Piper Jaffray Companies set a $130.00 price objective on shares of Walt Disney Company (The) and gave the company a “buy” rating in a report on Wednesday, August 9th. BidaskClub upgraded shares of Walt Disney Company (The) from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. Royal Bank Of Canada restated a “buy” rating and issued a $130.00 target price on shares of Walt Disney Company (The) in a report on Friday, July 14th. Guggenheim restated a “buy” rating and issued a $122.00 target price (down previously from $128.00) on shares of Walt Disney Company (The) in a report on Wednesday, July 12th. Finally, Goldman Sachs Group, Inc. (The) set a $133.00 target price on shares of Walt Disney Company (The) and gave the stock a “buy” rating in a report on Wednesday, August 9th. Five investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and an average price target of $113.85.

Walt Disney Company (NYSE DIS) traded up 0.77% on Thursday, hitting $99.01. The stock had a trading volume of 5,634,272 shares. Walt Disney Company has a 1-year low of $90.56 and a 1-year high of $116.10. The company’s 50 day moving average is $98.99 and its 200-day moving average is $105.47. The firm has a market capitalization of $152.82 billion, a price-to-earnings ratio of 17.56 and a beta of 1.40.

Walt Disney Company (The) (NYSE:DIS) last issued its quarterly earnings results on Tuesday, August 8th. The entertainment giant reported $1.58 EPS for the quarter, beating the Zacks’ 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 business’s quarterly revenue was down .3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.62 earnings per share. On average, analysts forecast that Walt Disney Company will post $5.78 EPS 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 shares were bought at an average price of $102.34 per share, for a total transaction of $99,883.84. Following the transaction, the director now directly owns 7,513 shares in the company, valued at $768,880.42. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.38% of the stock is owned by company insiders.

Large investors have recently modified their holdings of the stock. HM Capital Management LLC grew its holdings in Walt Disney Company (The) by 0.5% in the 1st quarter. HM Capital Management LLC now owns 2,690 shares of the entertainment giant’s stock worth $305,000 after acquiring an additional 14 shares during the last quarter. State Treasurer State of Michigan grew its holdings in Walt Disney Company (The) by 73.3% in the 1st quarter. State Treasurer State of Michigan now owns 1,355,053 shares of the entertainment giant’s stock worth $153,649,000 after acquiring an additional 573,000 shares during the last quarter. Mutual of America Capital Management LLC grew its holdings in Walt Disney Company (The) by 1.4% in the 1st quarter. Mutual of America Capital Management LLC now owns 175,248 shares of the entertainment giant’s stock worth $19,871,000 after acquiring an additional 2,351 shares during the last quarter. Clearbridge Investments LLC grew its holdings in Walt Disney Company (The) by 2.0% in the 1st quarter. Clearbridge Investments LLC now owns 7,623,125 shares of the entertainment giant’s stock worth $864,386,000 after acquiring an additional 150,316 shares during the last quarter. Finally, Virtu Financial LLC bought a new stake in Walt Disney Company (The) in the 1st quarter worth $450,000. Institutional investors own 61.33% 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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