Walt Disney (NYSE:DIS) had its price target decreased by B. Riley from $123.00 to $121.00 in a research note published on Wednesday, MarketBeat Ratings reports. B. Riley currently has a buy rating on the entertainment giant’s stock. B. Riley also issued estimates for Walt Disney’s Q4 2018 earnings at $1.23 EPS, FY2018 earnings at $6.85 EPS, FY2019 earnings at $7.27 EPS, FY2020 earnings at $8.06 EPS and FY2021 earnings at $8.82 EPS.

A number of other research analysts have also weighed in on the company. Zacks Investment Research lowered Walt Disney from a hold rating to a sell rating in a report on Tuesday, July 31st. Bank of America initiated coverage on Walt Disney in a report on Friday, July 20th. They issued a buy rating and a $144.00 price objective on the stock. Credit Suisse Group initiated coverage on Walt Disney in a research note on Tuesday, July 10th. They issued a neutral rating and a $114.00 target price for the company. Imperial Capital initiated coverage on Walt Disney in a research note on Thursday, June 28th. They issued an in-line rating and a $108.00 target price for the company. Finally, Pivotal Research downgraded Walt Disney from a hold rating to a sell rating and set a $93.00 target price for the company. in a research note on Monday, June 18th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and fourteen have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $118.92.

Walt Disney traded down $1.48, reaching $112.68, during midday trading on Wednesday, Marketbeat reports. The stock had a trading volume of 5,739,040 shares, compared to its average volume of 8,463,041. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.79 and a current ratio of 0.88. The firm has a market capitalization of $169.52 billion, a P/E ratio of 19.77, a PEG ratio of 1.65 and a beta of 1.35. Walt Disney has a 52-week low of $96.20 and a 52-week high of $117.90.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Tuesday, August 7th. The entertainment giant reported $1.87 earnings per share for the quarter, missing analysts’ consensus estimates of $1.97 by ($0.10). The firm had revenue of $15.23 billion during the quarter, compared to analysts’ expectations of $15.49 billion. Walt Disney had a net margin of 20.76% and a return on equity of 21.37%. During the same quarter in the previous year, the business posted $1.58 EPS. equities analysts forecast that Walt Disney will post 6.96 earnings per share for the current year.

The firm also recently disclosed a semiannual dividend, which was paid on Thursday, July 26th. Investors of record on Monday, July 9th were given a dividend of $0.84 per share. This represents a dividend yield of 1.62%. This is an increase from Walt Disney’s previous semiannual dividend of $0.78. The ex-dividend date of this dividend was Friday, July 6th. Walt Disney’s dividend payout ratio (DPR) is presently 29.47%.

In related news, Chairman Robert A. Iger sold 437,679 shares of the firm’s stock in a transaction dated Monday, August 6th. The stock was sold at an average price of $115.00, for a total transaction of $50,333,085.00. Following the completion of the sale, the chairman now directly owns 1,498,871 shares of the company’s stock, valued at approximately $172,370,165. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Brent Woodford sold 768 shares of the firm’s stock in a transaction dated Monday, July 2nd. The stock was sold at an average price of $104.35, for a total value of $80,140.80. Following the sale, the executive vice president now directly owns 28,493 shares of the company’s stock, valued at $2,973,244.55. The disclosure for this sale can be found here. Insiders have sold a total of 710,002 shares of company stock valued at $80,514,432 over the last three months. Corporate insiders own 0.38% of the company’s stock.

Large investors have recently modified their holdings of the stock. Trilogy Capital Inc. acquired a new stake in shares of Walt Disney during the 1st quarter worth about $107,000. Avestar Capital LLC acquired a new position in Walt Disney in the 4th quarter valued at about $108,000. Live Your Vision LLC grew its position in Walt Disney by 91.6% in the 2nd quarter. Live Your Vision LLC now owns 1,046 shares of the entertainment giant’s stock valued at $113,000 after acquiring an additional 500 shares in the last quarter. BDO Wealth Advisors LLC grew its position in Walt Disney by 184.3% in the 1st quarter. BDO Wealth Advisors LLC now owns 1,140 shares of the entertainment giant’s stock valued at $114,000 after acquiring an additional 739 shares in the last quarter. Finally, Icon Wealth Partners LLC acquired a new position in Walt Disney in the 4th quarter valued at about $116,000. 63.57% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Company Profile

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming services under the brand ESPN, Disney, and Freeform; broadcast businesses, which include the ABC TV Network and eight owned television stations; radio businesses consisting of the ESPN Radio network; and the Radio Disney network.

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Analyst Recommendations for Walt Disney (NYSE:DIS)

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