Walt Disney Company (The) (DIS) Stock Rating Upgraded by Zacks Investment Research
Walt Disney Company (The) (NYSE:DIS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Wednesday.
According to Zacks, “Despite reporting lower-than-expected results in fourth-quarter fiscal 2017, Disney’s shares have outpaced the industry in a month. Analysts believe that the deal with Rian Johnson, director of The Last Jedi, to produce a new Star Wars trilogy may have raised hopes of investors. Further, a strong performance by the Parks & Resorts unit continues to impress investors. It’s decision to terminate the distribution agreement with Netflix for subscription streaming and having its own streaming services —one for Disney and Pixar brands and another for ESPN followers — is likely to be a driving factor in the long run. Also, in an effort to attract online viewers, Disney has completed the acquisition of BAMTech. However, falling subscriber and higher programming costs at ESPN were the major concerns this quarter too. The fresh NBA agreement and rise in contractual rate are driving the programming cost.”
DIS has been the topic of a number of other reports. Piper Jaffray Companies set a $130.00 price objective on Walt Disney Company (The) and gave the company a “buy” rating in a research note on Tuesday, October 31st. J P Morgan Chase & Co set a $125.00 target price on Walt Disney Company (The) and gave the stock a “buy” rating in a research report on Friday, November 10th. Vetr cut Walt Disney Company (The) from a “buy” rating to a “hold” rating and set a $106.77 target price for the company. in a research report on Monday. Citigroup Inc. restated a “neutral” rating on shares of Walt Disney Company (The) in a research report on Thursday, September 28th. Finally, B. Riley restated a “hold” rating and set a $101.00 target price (up from $97.00) on shares of Walt Disney Company (The) in a research report on Friday, November 10th. Four analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and seventeen have issued a buy rating to the company. Walt Disney Company (The) has an average rating of “Hold” and an average price target of $112.79.
Walt Disney Company (NYSE DIS) traded down $0.16 during trading hours on Wednesday, hitting $103.44. The company had a trading volume of 7,500,818 shares, compared to its average volume of 7,189,897. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.74 and a current ratio of 0.81. Walt Disney Company has a 12 month low of $96.20 and a 12 month high of $116.10. The company has a market cap of $159,660.00, a price-to-earnings ratio of 18.19, a price-to-earnings-growth ratio of 2.21 and a beta of 1.37.
Walt Disney Company (The) (NYSE:DIS) last released its quarterly earnings data on Thursday, November 9th. The entertainment giant reported $1.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.05). Walt Disney Company (The) had a net margin of 16.29% and a return on equity of 19.66%. The company had revenue of $12.78 billion for the quarter, compared to the consensus estimate of $13.30 billion. During the same quarter in the previous year, the firm posted $1.10 earnings per share. The business’s revenue for the quarter was down 2.8% compared to the same quarter last year. sell-side analysts predict that Walt Disney Company will post 6.24 EPS for the current fiscal year.
TRADEMARK VIOLATION WARNING: This story was reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this story on another website, it was illegally stolen and republished in violation of United States & international trademark and copyright law. The legal version of this story can be accessed at https://www.thecerbatgem.com/2017/11/17/walt-disney-company-the-dis-stock-rating-upgraded-by-zacks-investment-research.html.
A number of hedge funds have recently bought and sold shares of the stock. Atlantic Trust LLC increased its position in Walt Disney Company (The) by 5.9% during the 3rd quarter. Atlantic Trust LLC now owns 17,647 shares of the entertainment giant’s stock valued at $1,739,000 after buying an additional 982 shares in the last quarter. ICICI Prudential Asset Management Co Ltd increased its position in Walt Disney Company (The) by 11.1% during the 3rd quarter. ICICI Prudential Asset Management Co Ltd now owns 5,000 shares of the entertainment giant’s stock valued at $493,000 after buying an additional 500 shares in the last quarter. Moors & Cabot Inc. boosted its stake in Walt Disney Company (The) by 24.9% during the 3rd quarter. Moors & Cabot Inc. now owns 44,820 shares of the entertainment giant’s stock valued at $4,424,000 after purchasing an additional 8,922 shares during the last quarter. Belpointe Asset Management LLC purchased a new stake in Walt Disney Company (The) during the 3rd quarter valued at $736,000. Finally, IFM Investors Pty Ltd boosted its stake in Walt Disney Company (The) by 1.3% during the 3rd quarter. IFM Investors Pty Ltd now owns 43,755 shares of the entertainment giant’s stock valued at $4,313,000 after purchasing an additional 558 shares during the last quarter. 61.06% of the stock is owned by institutional investors.
Walt Disney Company (The) Company Profile
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.
Receive News & Stock Ratings for Walt Disney Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walt Disney Company (The) and related stocks with our FREE daily email newsletter.