Vetr lowered shares of Walt Disney (NYSE:DIS) from a strong-buy rating to a buy rating in a research report released on Tuesday. The firm currently has $114.86 price target on the entertainment giant’s stock.

Several other research analysts have also issued reports on DIS. Morgan Stanley cut their target price on shares of Walt Disney from $130.00 to $120.00 and set an overweight rating on the stock in a research note on Tuesday, October 31st. Piper Jaffray Companies set a $130.00 target price on shares of Walt Disney and gave the stock a buy rating in a research note on Tuesday, October 31st. Citigroup reissued a buy rating and set a $119.00 target price on shares of Walt Disney in a research note on Wednesday, November 1st. Zacks Investment Research raised shares of Walt Disney from a sell rating to a hold rating in a research note on Friday, November 3rd. Finally, B. Riley reissued a neutral rating on shares of Walt Disney in a research note on Wednesday, November 1st. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of Buy and an average target price of $118.61.

Shares of Walt Disney (NYSE:DIS) opened at $104.12 on Tuesday. Walt Disney has a 12-month low of $96.20 and a 12-month high of $116.10. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.80 and a current ratio of 0.87. The firm has a market cap of $156,560.00, a price-to-earnings ratio of 14.79, a PEG ratio of 1.79 and a beta of 1.30.

Walt Disney (NYSE:DIS) last issued its earnings results on Tuesday, February 6th. The entertainment giant reported $1.89 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.61 by $0.28. The business had revenue of $15.35 billion for the quarter, compared to analyst estimates of $15.47 billion. Walt Disney had a net margin of 19.61% and a return on equity of 20.44%. Walt Disney’s revenue was up 3.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.55 earnings per share. research analysts anticipate that Walt Disney will post 6.8 EPS for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Larson Financial Group LLC purchased a new stake in Walt Disney during the fourth quarter worth about $551,000. Tocqueville Asset Management L.P. increased its holdings in Walt Disney by 51.9% during the fourth quarter. Tocqueville Asset Management L.P. now owns 758,451 shares of the entertainment giant’s stock worth $81,541,000 after buying an additional 259,210 shares during the last quarter. Gyroscope Capital Management Group LLC increased its holdings in Walt Disney by 58.4% during the fourth quarter. Gyroscope Capital Management Group LLC now owns 9,698 shares of the entertainment giant’s stock worth $1,043,000 after buying an additional 3,575 shares during the last quarter. Moors & Cabot Inc. increased its holdings in Walt Disney by 14.9% during the fourth quarter. Moors & Cabot Inc. now owns 51,511 shares of the entertainment giant’s stock worth $5,548,000 after buying an additional 6,691 shares during the last quarter. Finally, Scotia Capital Inc. increased its holdings in Walt Disney by 0.6% during the fourth quarter. Scotia Capital Inc. now owns 496,528 shares of the entertainment giant’s stock worth $53,388,000 after buying an additional 3,125 shares during the last quarter. 61.12% of the stock is currently owned by institutional investors.

COPYRIGHT VIOLATION NOTICE: “Vetr Downgrades Walt Disney (DIS) to Buy” was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this news story on another domain, it was illegally stolen and reposted in violation of international trademark and copyright legislation. The original version of this news story can be read at https://www.thecerbatgem.com/2018/02/14/vetr-downgrades-walt-disney-dis-to-buy.html.

About Walt Disney

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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Walt Disney (NYSE:DIS)

Receive News & Ratings for Walt Disney Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walt Disney and related companies with MarketBeat.com's FREE daily email newsletter.