The Walt Disney Co. (NYSE:DIS)‘s stock had its “hold” rating reaffirmed by Needham & Company LLC in a report issued on Saturday.
A number of other analysts also recently weighed in on DIS. Deutsche Bank AG reiterated a “hold” rating and set a $115.00 price target on shares of The Walt Disney in a report on Thursday, August 4th. Piper Jaffray Cos. restated an “overweight” rating and issued a $120.00 target price on shares of The Walt Disney in a research note on Monday, August 8th. Stifel Nicolaus downgraded The Walt Disney to a “hold” rating in a research note on Tuesday, August 9th. Macquarie upgraded The Walt Disney from a “neutral” rating to an “outperform” rating and set a $125.00 target price for the company in a research note on Wednesday, August 10th. Finally, Pivotal Research reduced their target price on The Walt Disney from $122.00 to $118.00 and set a “buy” rating for the company in a research note on Wednesday, August 10th. Three equities research 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’s stock. The Walt Disney has a consensus rating of “Hold” and an average target price of $108.09.
The Walt Disney (NYSE:DIS) traded up 0.57% during mid-day trading on Friday, reaching $98.82. The company had a trading volume of 4,396,763 shares. The stock has a 50 day moving average price of $94.31 and a 200 day moving average price of $96.15. The Walt Disney has a one year low of $86.25 and a one year high of $115.58. The company has a market capitalization of $158.11 billion, a P/E ratio of 17.25 and a beta of 1.21.
The Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Thursday, November 10th. The entertainment giant reported $1.10 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.16 by $0.06. The Walt Disney had a return on equity of 19.81% and a net margin of 16.88%. The business had revenue of $13.14 billion for the quarter, compared to analyst estimates of $13.71 billion. During the same quarter in the previous year, the business posted $1.20 earnings per share. The business’s revenue was down 2.7% on a year-over-year basis. On average, equities analysts expect that The Walt Disney will post $5.95 earnings per share for the current fiscal year.
In other news, EVP Alan N. Braverman sold 19,871 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 135,614 shares of the company’s stock, valued at $13,425,786. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 13.00% of the company’s stock.
Several institutional investors have recently modified their holdings of the stock. Thomas J. Herzfeld Advisors Inc. bought a new position in The Walt Disney during the second quarter worth about $103,000. Balentine LLC increased its position 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. Lombard Odier Transatlantic Limited Partnership increased its position in The Walt Disney by 71.4% in the third quarter. Lombard Odier Transatlantic Limited Partnership now owns 1,200 shares of the entertainment giant’s stock worth $111,000 after buying an additional 500 shares during the last quarter. Krilogy Financial LLC increased its position 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. Finally, TLP Group LLC bought a new position in The Walt Disney during the third quarter worth about $129,000. 57.27% of the stock is owned by hedge funds and other institutional investors.
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