Credit Suisse Group Reiterates “Outperform” Rating for Walt Disney Company (The) (DIS)

Walt Disney Company (The) (NYSE:DIS)‘s stock had its “outperform” rating restated by Credit Suisse Group in a research report issued to clients and investors on Monday. They presently have a $120.00 price objective on the entertainment giant’s stock. Credit Suisse Group’s price objective would indicate a potential upside of 22.59% from the stock’s current price.

Other equities analysts also recently issued research reports about the stock. Bank of America Corporation set a $125.00 price target on shares of Walt Disney Company (The) and gave the stock a “hold” rating in a report on Saturday, June 24th. BMO Capital Markets reiterated an “underperform” rating and issued a $90.00 price target (down previously from $95.00) on shares of Walt Disney Company (The) in a report on Thursday, August 10th. FBR & Co reiterated a “hold” rating and issued a $97.00 price target on shares of Walt Disney Company (The) in a report on Friday, September 8th. Guggenheim reiterated a “buy” rating and issued a $122.00 price target (down previously from $128.00) on shares of Walt Disney Company (The) in a report on Wednesday, July 12th. Finally, BidaskClub downgraded shares of Walt Disney Company (The) from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. Four 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) has an average rating of “Hold” and a consensus target price of $113.98.

Walt Disney Company (NYSE DIS) opened at 97.89 on Monday. The stock has a market cap of $151.09 billion, a P/E ratio of 17.36 and a beta of 1.42. The company has a 50 day moving average of $103.64 and a 200-day moving average of $107.98. Walt Disney Company has a 12-month low of $90.32 and a 12-month high of $116.10.

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

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In other Walt Disney Company (The) news, Director Maria Elena Lagomasino acquired 976 shares of the business’s stock in a transaction that occurred on Thursday, August 10th. The stock was purchased at an average cost of $102.34 per share, with a total value of $99,883.84. Following the transaction, the director now owns 7,513 shares of the company’s stock, valued at $768,880.42. The transaction was disclosed in a filing with the SEC, which is available at this link. 13.00% of the stock is currently owned by company insiders.

Several large investors have recently modified their holdings of DIS. Lee Financial Co increased its position in shares of Walt Disney Company (The) by 7.6% during the 2nd quarter. Lee Financial Co now owns 1,052 shares of the entertainment giant’s stock worth $112,000 after purchasing an additional 74 shares during the last quarter. Sumitomo Mitsui Financial Group Inc. acquired a new stake in shares of Walt Disney Company (The) during the 1st quarter worth about $144,000. Krilogy Financial LLC increased its position in shares of Walt Disney Company (The) by 13.2% during the 2nd quarter. Krilogy Financial LLC now owns 1,422 shares of the entertainment giant’s stock worth $151,000 after purchasing an additional 166 shares during the last quarter. IHT Wealth Management LLC increased its position in shares of Walt Disney Company (The) by 34.3% during the 2nd quarter. IHT Wealth Management LLC now owns 15,377 shares of the entertainment giant’s stock worth $152,000 after purchasing an additional 3,923 shares during the last quarter. Finally, BDO Wealth Advisors LLC acquired a new stake in shares of Walt Disney Company (The) during the 2nd quarter worth about $153,000. 61.48% of the stock is owned by hedge funds and other institutional investors.

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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