Walt Disney Company (The) (DIS) Given Overweight Rating at J P Morgan Chase & Co

J P Morgan Chase & Co reaffirmed their overweight rating on shares of Walt Disney Company (The) (NYSE:DIS) in a report released on Monday morning. They currently have a $125.00 price objective on the entertainment giant’s stock, down from their previous price objective of $130.00.

Other equities analysts have also recently issued research reports about the stock. Goldman Sachs Group, Inc. (The) set a $134.00 target price on shares of Walt Disney Company (The) and gave the company a buy rating in a research note on Saturday, May 20th. Deutsche Bank AG restated a buy rating and set a $125.00 target price (down previously from $130.00) on shares of Walt Disney Company (The) in a research note on Monday, May 15th. Royal Bank Of Canada set a $130.00 target price on shares of Walt Disney Company (The) and gave the company a buy rating in a research note on Monday, June 12th. Moffett Nathanson restated a buy rating on shares of Walt Disney Company (The) in a research note on Friday, June 9th. Finally, Credit Suisse Group restated a buy rating and set a $125.00 target price on shares of Walt Disney Company (The) in a research note on Sunday, May 28th. Four research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and twenty-one have given a buy rating to the company. Walt Disney Company (The) presently has a consensus rating of Hold and an average target price of $113.98.

Shares of Walt Disney Company (DIS) traded up 0.160% during mid-day trading on Monday, reaching $97.245. 1,005,791 shares of the company’s stock traded hands. The stock has a market cap of $150.10 billion, a price-to-earnings ratio of 17.248 and a beta of 1.42. Walt Disney Company has a 12-month low of $90.32 and a 12-month high of $116.10. The firm’s 50 day moving average price is $103.83 and its 200-day moving average price is $108.06.

Walt Disney Company (The) (NYSE:DIS) last posted its earnings results on Tuesday, August 8th. The entertainment giant reported $1.58 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.53 by $0.05. The business had revenue of $14.24 billion for the quarter, compared to analysts’ expectations of $14.44 billion. Walt Disney Company (The) had a net margin of 16.22% and a return on equity of 19.69%. The business’s revenue for the quarter was down .3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.62 EPS. Equities research analysts forecast that Walt Disney Company will post $5.82 earnings per share for the current year.

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In related news, Director Maria Elena Lagomasino purchased 976 shares of the stock in a transaction that occurred on Thursday, August 10th. The stock was bought at an average cost of $102.34 per share, for a total transaction of $99,883.84. Following the completion of the transaction, the director now directly owns 7,513 shares in the company, valued at $768,880.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 13.00% of the stock is owned by company insiders.

Several large investors have recently added to or reduced their stakes in DIS. Country Club Trust Company n.a. lifted its position in shares of Walt Disney Company (The) by 9.3% during the first quarter. Country Club Trust Company n.a. now owns 67,854 shares of the entertainment giant’s stock worth $7,694,000 after purchasing an additional 5,746 shares during the last quarter. National Pension Service lifted its position in shares of Walt Disney Company (The) by 3.1% during the first quarter. National Pension Service now owns 1,063,906 shares of the entertainment giant’s stock worth $120,413,000 after purchasing an additional 31,888 shares during the last quarter. Randolph Co Inc bought a new stake in shares of Walt Disney Company (The) during the first quarter worth $216,000. LVM Capital Management Ltd. MI lifted its position in shares of Walt Disney Company (The) by 0.9% during the first quarter. LVM Capital Management Ltd. MI now owns 77,751 shares of the entertainment giant’s stock worth $8,816,000 after purchasing an additional 725 shares during the last quarter. Finally, Private Capital Advisors Inc. lifted its position in shares of Walt Disney Company (The) by 0.8% during the first quarter. Private Capital Advisors Inc. now owns 36,850 shares of the entertainment giant’s stock worth $4,178,000 after purchasing an additional 300 shares during the last quarter. Institutional investors and hedge funds own 61.48% of the company’s stock.

Walt Disney Company (The) Company Profile

The Walt Disney Company is an entertainment company. The Company operates in four business segments: Media Networks, Parks and Resorts, Studio Entertainment, and Consumer Products & Interactive Media. The media networks segment includes cable and broadcast television networks, television production and distribution operations, domestic television stations, and radio networks and stations.

Analyst Recommendations for Walt Disney Company (The) (NYSE:DIS)

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