Today: The Walt Disney Co. (DIS) Given Buy Rating at Stifel Nicolaus

Today: The Walt Disney Co. (DIS) Given Buy Rating at Stifel Nicolaus

Stifel Nicolaus reiterated their buy rating on shares of The Walt Disney Co. (NYSE:DIS) in a research note issued to investors on Friday. The brokerage currently has a $100.00 price target on the entertainment giant’s stock.

A number of other equities research analysts have also recently weighed in on the stock. Citigroup Inc. dropped their price target on shares of The Walt Disney from $120.00 to $117.00 and set a buy rating for the company in a research report on Thursday, August 11th. Credit Suisse Group AG restated an outperform rating and issued a $125.00 price objective (down previously from $128.00) on shares of The Walt Disney in a report on Thursday, October 27th. JPMorgan Chase & Co. restated an overweight rating and issued a $118.00 price objective on shares of The Walt Disney in a report on Saturday, August 13th. Barclays PLC restated an underweight rating on shares of The Walt Disney in a report on Friday, September 30th. Finally, Vetr cut shares of The Walt Disney from a strong-buy rating to a buy rating and set a $103.64 price objective for the company. in a report on Monday, October 24th. Three analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and fifteen have issued a buy rating to the company. The Walt Disney presently has an average rating of Hold and a consensus target price of $108.09.

Shares of The Walt Disney (NYSE:DIS) opened at 98.82 on Friday. The Walt Disney has a 52-week low of $86.25 and a 52-week high of $115.58. The company’s 50-day moving average is $94.31 and its 200-day moving average is $96.15. The stock has a market cap of $158.11 billion, a PE ratio of 17.25 and a beta of 1.21.

The Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Thursday, November 10th. The entertainment giant reported $1.10 earnings per share for the quarter, missing analysts’ consensus estimates of $1.16 by $0.06. The Walt Disney had a net margin of 16.88% and a return on equity of 19.81%. The company had revenue of $13.14 billion for the quarter, compared to analyst estimates of $13.71 billion. During the same quarter in the prior year, the business earned $1.20 earnings per share. The Walt Disney’s revenue was down 2.7% on a year-over-year basis. Equities analysts anticipate that The Walt Disney will post $5.95 EPS for the current year.

In related news, EVP Alan N. Braverman sold 19,871 shares of the stock in a transaction that occurred on Wednesday, November 16th. The shares were sold at an average price of $99.00, for a total transaction of $1,967,229.00. Following the completion of the sale, the executive vice president now owns 135,614 shares of the company’s stock, valued at approximately $13,425,786. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 13.00% of the company’s stock.

A number of hedge funds have recently modified their holdings of DIS. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in The Walt Disney by 9.5% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 581,708 shares of the entertainment giant’s stock worth $56,903,000 after buying an additional 50,299 shares during the last quarter. HL Financial Services LLC increased its stake in The Walt Disney by 3.5% in the second quarter. HL Financial Services LLC now owns 1,548,371 shares of the entertainment giant’s stock worth $151,463,000 after buying an additional 52,301 shares during the last quarter. Chesley Taft & Associates LLC increased its stake in The Walt Disney by 0.4% in the second quarter. Chesley Taft & Associates LLC now owns 270,147 shares of the entertainment giant’s stock worth $26,426,000 after buying an additional 1,205 shares during the last quarter. Oakbrook Investments LLC increased its stake in The Walt Disney by 16.7% in the second quarter. Oakbrook Investments LLC now owns 304,720 shares of the entertainment giant’s stock worth $29,808,000 after buying an additional 43,625 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. increased its stake in The Walt Disney by 11.7% in the second quarter. Adage Capital Partners GP L.L.C. now owns 1,841,393 shares of the entertainment giant’s stock worth $180,125,000 after buying an additional 192,150 shares during the last quarter. 56.30% of the stock is owned by institutional investors.

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