Jefferies Group reissued their hold rating on shares of The Walt Disney Co. (NYSE:DIS) in a research note issued to investors on Wednesday morning. They currently have a $92.00 price target on the entertainment giant’s stock.
A number of other equities analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of The Walt Disney from a hold rating to a sell rating in a research note on Tuesday, July 12th. Morgan Stanley raised their price objective on shares of The Walt Disney from $100.00 to $105.00 and gave the company an equal weight rating in a research note on Thursday, July 14th. FBR & Co reaffirmed an outperform rating and issued a $111.00 price objective on shares of The Walt Disney in a research note on Tuesday, June 21st. Stifel Nicolaus cut shares of The Walt Disney from a buy rating to a hold rating and set a $110.00 price objective on the stock. in a research note on Wednesday, July 20th. They noted that the move was a valuation call. Finally, Brean Capital assumed coverage on shares of The Walt Disney in a research note on Wednesday, July 6th. They issued a hold rating and a $100.00 price objective on the stock. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of $109.40.
Shares of The Walt Disney (NYSE:DIS) opened at 90.83 on Wednesday. The firm has a market capitalization of $145.97 billion, a P/E ratio of 16.32 and a beta of 1.25. The firm’s 50-day moving average is $92.79 and its 200 day moving average is $97.42. The Walt Disney has a 52 week low of $86.25 and a 52 week high of $120.65.
The Walt Disney (NYSE:DIS) last released its quarterly earnings results on Tuesday, August 9th. The entertainment giant reported $1.62 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.61 by $0.01. The Walt Disney had a net margin of 16.48% and a return on equity of 19.98%. The business had revenue of $14.20 billion for the quarter, compared to analysts’ expectations of $14.16 billion. During the same period in the prior year, the firm earned $1.45 earnings per share. The Walt Disney’s revenue was up 9.0% compared to the same quarter last year. Equities research analysts forecast that The Walt Disney will post $5.78 EPS for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in the company. Thomas J. Herzfeld Advisors Inc. acquired a new stake in The Walt Disney during the second quarter worth $103,000. Balentine LLC raised its stake in The Walt Disney by 365.8% in the second quarter. Balentine LLC now owns 1,076 shares of the entertainment giant’s stock worth $105,000 after buying an additional 845 shares during the last quarter. Krilogy Financial LLC raised its stake in The Walt Disney by 5.0% in the second quarter. Krilogy Financial LLC now owns 1,292 shares of the entertainment giant’s stock worth $126,000 after buying an additional 61 shares during the last quarter. Cordasco Financial Network raised its stake in The Walt Disney by 149.8% in the second quarter. Cordasco Financial Network now owns 1,501 shares of the entertainment giant’s stock worth $147,000 after buying an additional 900 shares during the last quarter. Finally, Opera Trading Capital acquired a new stake in The Walt Disney during the first quarter worth $158,000. Institutional investors and hedge funds own 57.96% of the company’s stock.
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