Walt Disney (NYSE:DIS) Earns “Buy” Rating from Guggenheim

Walt Disney (NYSE:DIS)‘s stock had its “buy” rating reiterated by Guggenheim in a research note issued to investors on Friday,Benzinga reports. They presently have a $140.00 price target on the entertainment giant’s stock. Guggenheim’s target price points to a potential upside of 32.24% from the company’s previous close.

Several other equities research analysts have also recently issued reports on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Walt Disney in a research report on Wednesday, October 8th. Susquehanna restated a “neutral” rating on shares of Walt Disney in a research note on Monday, August 11th. Keefe, Bruyette & Woods reissued a “market perform” rating on shares of Walt Disney in a report on Monday, August 11th. Rosenblatt Securities restated a “buy” rating and issued a $141.00 price target on shares of Walt Disney in a report on Friday, October 17th. Finally, Sanford C. Bernstein restated an “outperform” rating on shares of Walt Disney in a report on Wednesday. Eighteen equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Walt Disney presently has an average rating of “Moderate Buy” and an average target price of $134.41.

Walt Disney Trading Down 1.6%

Shares of DIS opened at $105.87 on Friday. The firm’s 50-day moving average price is $112.79 and its 200-day moving average price is $114.57. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $190.34 billion, a price-to-earnings ratio of 16.59, a PEG ratio of 1.45 and a beta of 1.55. Walt Disney has a 1-year low of $80.10 and a 1-year high of $124.69.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Thursday, November 13th. The entertainment giant reported $1.11 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.08. The firm had revenue of $22.46 billion for the quarter, compared to analysts’ expectations of $22.78 billion. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The company’s revenue was down .5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.14 EPS. Sell-side analysts anticipate that Walt Disney will post 5.47 EPS for the current year.

Institutional Investors Weigh In On Walt Disney

A number of institutional investors and hedge funds have recently modified their holdings of DIS. J. Safra Sarasin Holding AG increased its holdings in Walt Disney by 8.1% in the 1st quarter. J. Safra Sarasin Holding AG now owns 222,747 shares of the entertainment giant’s stock valued at $21,983,000 after acquiring an additional 16,781 shares during the last quarter. Kingstone Capital Partners Texas LLC purchased a new stake in Walt Disney in the 2nd quarter valued at about $4,220,599,000. Wedge Capital Management L L P NC grew its position in shares of Walt Disney by 8,744.0% during the 2nd quarter. Wedge Capital Management L L P NC now owns 320,329 shares of the entertainment giant’s stock worth $39,724,000 after buying an additional 316,707 shares in the last quarter. Lodge Hill Capital LLC acquired a new stake in Walt Disney in the 1st quarter worth approximately $24,373,000. Finally, Border to Coast Pensions Partnership Ltd boosted its holdings in shares of Walt Disney by 13.6% in the 2nd quarter. Border to Coast Pensions Partnership Ltd now owns 502,961 shares of the entertainment giant’s stock valued at $62,372,000 after acquiring an additional 60,353 shares during the last quarter. 65.71% of the stock is owned by institutional investors.

About Walt Disney

The Walt Disney Company operates as an entertainment company worldwide. It operates through three segments: Entertainment, Sports, and Experiences. The company produces and distributes film and television video streaming content under the ABC Television Network, Disney, Freeform, FX, Fox, National Geographic, and Star brand television channels, as well as ABC television stations and A+E television networks; and produces original content under the ABC Signature, Disney Branded Television, FX Productions, Lucasfilm, Marvel, National Geographic Studios, Pixar, Searchlight Pictures, Twentieth Century Studios, 20th Television, and Walt Disney Pictures banners.