The Walt Disney Co. (NYSE:DIS) has been given an average rating of “Hold” by the thirty-six brokerages that are currently covering the firm. Three analysts have rated the stock with a sell rating, sixteen have given a hold rating and fifteen have given a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $108.30.
DIS has been the subject of several recent research reports. Wood & Company reiterated a “sell” rating and set a $120.65 target price on shares of The Walt Disney in a research note on Thursday, November 17th. Stifel Nicolaus reiterated a “buy” rating and set a $100.00 target price on shares of The Walt Disney in a research note on Friday. Needham & Company LLC reiterated a “hold” rating on shares of The Walt Disney in a research note on Saturday. reiterated an “outperform” rating and set a $115.00 target price on shares of The Walt Disney in a research note on Thursday, August 11th. Finally, Goldman Sachs Group Inc. reiterated a “neutral” rating and set a $108.00 target price (down previously from $109.00) on shares of The Walt Disney in a research note on Thursday, August 11th.
Shares of The Walt Disney (NYSE:DIS) traded up 0.22% during mid-day trading on Monday, hitting $99.04. 3,315,953 shares of the company traded hands. The Walt Disney has a 52-week low of $86.25 and a 52-week high of $115.58. The firm has a market cap of $158.46 billion, a price-to-earnings ratio of 17.28 and a beta of 1.21. The firm has a 50-day moving average price of $94.31 and a 200 day moving average price of $96.15.
The Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Thursday, November 10th. The entertainment giant reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.16 by $0.06. The company earned $13.14 billion during the quarter, compared to analyst estimates of $13.71 billion. The Walt Disney had a net margin of 16.88% and a return on equity of 19.81%. The company’s revenue was down 2.7% on a year-over-year basis. During the same period in the prior year, the company earned $1.20 earnings per share. Equities research analysts anticipate that The Walt Disney will post $5.95 EPS for the current fiscal year.
In other news, EVP Alan N. Braverman sold 19,871 shares of the firm’s stock in a transaction on Wednesday, November 16th. The stock was sold at an average price of $99.00, for a total value of $1,967,229.00. Following the completion of the sale, the executive vice president now directly owns 135,614 shares in the company, valued at $13,425,786. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 13.00% of the company’s stock.
Several hedge funds have recently made changes to their positions in DIS. Parnassus Investments CA acquired a new stake in shares of The Walt Disney during the second quarter worth $392,780,000. Nordea Investment Management AB raised its stake in shares of The Walt Disney by 149.1% in the third quarter. Nordea Investment Management AB now owns 5,372,709 shares of the entertainment giant’s stock worth $498,910,000 after buying an additional 3,216,153 shares during the period. Bank of Montreal Can acquired a new stake in shares of The Walt Disney during the second quarter worth $202,393,000. Emerald Acquisition Ltd. acquired a new stake in shares of The Walt Disney during the second quarter worth $201,593,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in shares of The Walt Disney during the third quarter worth $174,781,000. Institutional investors own 56.30% of the company’s stock.