The Walt Disney Co. (NYSE:DIS) was downgraded by equities researchers at Drexel Hamilton from a “buy” rating to a “hold” rating in a report issued on Monday. They currently have a $102.00 price objective on the entertainment giant’s stock, down from their previous price objective of $112.00. Drexel Hamilton’s target price indicates a potential upside of 11.21% from the company’s current price.
Several other equities analysts have also issued reports on the stock. Credit Agricole SA decreased their price target on shares of The Walt Disney from $115.00 to $108.00 and set an “outperform” rating for the company in a report on Friday, September 23rd. Jefferies Group reaffirmed a “hold” rating and issued a $92.00 target price on shares of The Walt Disney in a research note on Thursday, September 22nd. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of The Walt Disney in a research note on Sunday, September 4th. FBR & Co reaffirmed a “hold” rating on shares of The Walt Disney in a research note on Sunday, September 4th. Finally, Vetr raised shares of The Walt Disney from a “buy” rating to a “strong-buy” rating and set a $106.81 target price for the company in a research note on Monday, August 29th. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $109.71.
The Walt Disney (NYSE:DIS) opened at 91.72 on Monday. The company has a market capitalization of $147.40 billion, a price-to-earnings ratio of 16.48 and a beta of 1.28. The stock has a 50 day moving average price of $94.58 and a 200-day moving average price of $98.05. The Walt Disney has a 1-year low of $86.25 and a 1-year high of $120.65.
The Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Tuesday, August 9th. The entertainment giant reported $1.62 earnings per share (EPS) for the quarter, beating the 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 company earned $14.20 billion during the quarter, compared to analyst estimates of $14.16 billion. During the same quarter in the previous year, the business earned $1.45 EPS. The firm’s revenue was up 9.0% on a year-over-year basis. Equities analysts predict that The Walt Disney will post $5.79 earnings per share for the current year.
Several institutional investors have recently added to or reduced their stakes in DIS. Parnassus Investments CA acquired a new position in The Walt Disney during the second quarter valued at about $392,780,000. Bank of Montreal Can acquired a new position in The Walt Disney during the second quarter valued at about $202,393,000. Emerald Acquisition Ltd. acquired a new position in The Walt Disney during the second quarter valued at about $201,593,000. Nordea Investment Management AB increased its position 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 last quarter. Finally, Cohen & Steers Inc. increased its position 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 last quarter. 57.92% of the stock is owned by hedge funds and other 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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