The Walt Disney Co. (NYSE:DIS) had its price objective trimmed by Credit Agricole SA from $115.00 to $108.00 in a report released on Friday. The firm currently has an outperform rating on the entertainment giant’s stock.
A number of other brokerages have also weighed in on DIS. Morgan Stanley restated a hold rating on shares of The Walt Disney in a research report on Sunday, July 17th. FBR & Co restated a hold rating on shares of The Walt Disney in a research report on Sunday, September 4th. Wells Fargo & Co. lowered shares of The Walt Disney to a hold rating in a research report on Thursday, August 25th. Brean Capital restated a hold rating on shares of The Walt Disney in a research report on Thursday, August 11th. Finally, Goldman Sachs Group Inc. restated a neutral rating and issued a $108.00 target price (down previously from $109.00) on shares of The Walt Disney in a research report on Thursday, August 11th. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of $109.71.
Shares of The Walt Disney (NYSE:DIS) opened at 91.72 on Friday. The company has a 50 day moving average of $94.58 and a 200-day moving average of $98.05. The company has a market cap of $147.40 billion, a PE ratio of 16.48 and a beta of 1.28. 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 posted its quarterly earnings results on Tuesday, August 9th. The entertainment giant reported $1.62 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.61 by $0.01. The business had revenue of $14.20 billion for the quarter, compared to analyst estimates of $14.16 billion. The Walt Disney had a net margin of 16.48% and a return on equity of 19.98%. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter last year, the business posted $1.45 EPS. Analysts forecast that The Walt Disney will post $5.79 EPS for the current fiscal year.
Several hedge funds have recently bought and sold shares of the stock. Parnassus Investments CA acquired a new stake in The Walt Disney during the second quarter valued at about $392,780,000. Bank of Montreal Can acquired a new stake in The Walt Disney during the second quarter valued at about $202,393,000. Emerald Acquisition Ltd. acquired a new stake in The Walt Disney during the second quarter valued at about $201,593,000. Nordea Investment Management AB raised its stake in The Walt Disney by 430.0% in the second quarter. Nordea Investment Management AB now owns 2,156,556 shares of the entertainment giant’s stock valued at $210,954,000 after buying an additional 1,749,646 shares during the period. Finally, Cohen & Steers Inc. raised its stake in The Walt Disney by 282.4% in the second quarter. Cohen & Steers Inc. now owns 1,200,000 shares of the entertainment giant’s stock valued at $1,194,000 after buying an additional 886,207 shares during the period. 57.92% of the stock is currently owned by institutional investors.
About The Walt Disney
The Walt Disney Company is a diversified entertainment company. The Company’s business segments include Media Networks, Parks and Resorts, Studio Entertainment, Consumer Products and Interactive. The Media Networks segment includes cable and broadcast television networks, television production operations, television distribution, domestic television stations, and radio networks and stations.
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