Other equities analysts have also issued reports about the stock. Drexel Hamilton reissued a buy rating on shares of The Walt Disney in a report on Thursday, June 16th. Nomura reissued a buy rating and set a $115.00 price objective on shares of The Walt Disney in a report on Wednesday, June 15th. Vetr downgraded shares of The Walt Disney from a strong-buy rating to a buy rating and set a $108.99 target price for the company. in a research note on Thursday, June 30th. Pivotal Research restated a buy rating and issued a $122.00 target price on shares of The Walt Disney in a research note on Sunday, July 24th. Finally, Citigroup Inc. lowered their target price on shares of The Walt Disney from $120.00 to $117.00 and set a buy rating for the company in a research note on Thursday, August 11th. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of $109.71.
Shares of The Walt Disney (NYSE:DIS) opened at 92.86 on Friday. The Walt Disney has a 52 week low of $86.25 and a 52 week high of $120.65. The stock has a market capitalization of $149.24 billion, a price-to-earnings ratio of 16.69 and a beta of 1.25. The firm’s 50-day moving average is $94.14 and its 200-day moving average is $97.92.
The Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Tuesday, August 9th. The entertainment giant reported $1.62 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.61 by $0.01. The company 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 Walt Disney’s revenue was up 9.0% compared to the same quarter last year. During the same period last year, the company posted $1.45 earnings per share. Analysts forecast that The Walt Disney will post $5.79 earnings per share for the current fiscal year.
Several institutional investors have recently modified their holdings of DIS. Thomas J. Herzfeld Advisors Inc. bought a new position in shares of The Walt Disney during the second quarter valued at approximately $103,000. Balentine LLC increased its stake in shares of The Walt Disney by 365.8% in the second quarter. Balentine LLC now owns 1,076 shares of the entertainment giant’s stock valued at $105,000 after buying an additional 845 shares during the last quarter. Krilogy Financial LLC increased its stake in shares of The Walt Disney by 5.0% in the second quarter. Krilogy Financial LLC now owns 1,292 shares of the entertainment giant’s stock valued at $126,000 after buying an additional 61 shares during the last quarter. Cordasco Financial Network increased its stake in shares of The Walt Disney by 149.8% in the second quarter. Cordasco Financial Network now owns 1,501 shares of the entertainment giant’s stock valued at $147,000 after buying an additional 900 shares during the last quarter. Finally, Opera Trading Capital acquired a new stake in shares of The Walt Disney during the first quarter valued at $158,000. Hedge funds and other institutional investors own 57.92% of the company’s stock.
The Walt Disney Company Profile
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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