Jefferies Group reiterated their hold rating on shares of The Walt Disney Co. (NYSE:DIS) in a research report released on Wednesday morning. Jefferies Group currently has a $92.00 target price on the entertainment giant’s stock.
A number of other equities research analysts have also recently issued reports on the stock. Needham & Company LLC reissued a hold rating on shares of The Walt Disney in a research report on Tuesday, October 4th. Citigroup Inc. reissued a buy rating on shares of The Walt Disney in a research report on Friday, September 30th. Barclays PLC reissued an underweight rating on shares of The Walt Disney in a research report on Friday, September 30th. Brean Capital reissued a hold rating on shares of The Walt Disney in a research report on Wednesday, September 28th. Finally, Nomura reissued a buy rating and issued a $115.00 target price on shares of The Walt Disney in a research report on Tuesday, September 27th. 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 issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of $109.56.
Shares of The Walt Disney (NYSE:DIS) opened at 91.30 on Wednesday. The Walt Disney has a 52-week low of $86.25 and a 52-week high of $120.65. The firm has a market cap of $146.73 billion, a PE ratio of 16.41 and a beta of 1.25. The firm has a 50-day moving average of $92.91 and a 200 day moving average of $97.49.
The Walt Disney (NYSE:DIS) last announced its earnings results on Tuesday, August 9th. The entertainment giant reported $1.62 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.61 by $0.01. The company earned $14.20 billion during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.45 earnings per share. On average, equities analysts predict that The Walt Disney will post $5.78 earnings per share for the current year.
Large investors have recently made changes to their positions in the stock. Thomas J. Herzfeld Advisors Inc. purchased a new stake in shares of The Walt Disney during the second quarter valued at $103,000. Balentine LLC raised 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 period. Krilogy Financial LLC raised 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 period. Cordasco Financial Network raised 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 period. Finally, Opera Trading Capital purchased a new stake in shares of The Walt Disney during the first quarter valued at $158,000. 57.96% 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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