Walt Disney Company (The) (DIS) Price Target Lowered to $94.00 at Barclays PLC

Walt Disney Company (The) (NYSE:DIS) had its target price dropped by analysts at Barclays PLC from $98.00 to $94.00 in a research note issued on Friday. The brokerage presently has an “equal weight” rating on the entertainment giant’s stock. Barclays PLC’s price target points to a potential downside of 3.02% from the stock’s current price.

Several other research analysts also recently issued reports on DIS. BMO Capital Markets restated an “underperform” rating and set a $90.00 price objective (down previously from $95.00) on shares of Walt Disney Company (The) in a report on Thursday, August 10th. Loop Capital restated a “hold” rating and set a $108.00 price objective on shares of Walt Disney Company (The) in a report on Thursday, August 10th. Jefferies Group LLC restated a “hold” rating and set a $103.00 price objective (down previously from $110.00) on shares of Walt Disney Company (The) in a report on Friday, October 6th. Goldman Sachs Group, Inc. (The) set a $133.00 price objective on shares of Walt Disney Company (The) and gave the stock a “buy” rating in a report on Wednesday, August 9th. Finally, Wells Fargo & Company restated a “market perform” rating and set a $109.00 price objective on shares of Walt Disney Company (The) in a report on Thursday, August 10th. Five analysts have rated the stock with a sell rating, fifteen have issued a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the company. Walt Disney Company (The) presently has an average rating of “Hold” and a consensus target price of $113.85.

Walt Disney Company (The) (NYSE:DIS) last posted its quarterly earnings data on Tuesday, August 8th. The entertainment giant reported $1.58 earnings per share (EPS) for the quarter, topping the 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 previous year, the firm posted $1.62 EPS. The business’s revenue was down .3% compared to the same quarter last year.

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In related news, Director Maria Elena Lagomasino acquired 976 shares of the stock in a transaction dated Thursday, August 10th. The stock was bought at an average price of $102.34 per share, for a total transaction of $99,883.84. Following the purchase, the director now directly owns 7,513 shares of the company’s stock, valued at approximately $768,880.42. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.38% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Harwood Advisory Group LLC increased its stake in Walt Disney Company (The) by 0.6% during the 2nd quarter. Harwood Advisory Group LLC now owns 2,071 shares of the entertainment giant’s stock valued at $220,000 after purchasing an additional 12 shares in the last quarter. HM Capital Management LLC increased its stake in Walt Disney Company (The) by 0.5% during the 1st quarter. HM Capital Management LLC now owns 2,690 shares of the entertainment giant’s stock valued at $305,000 after purchasing an additional 14 shares in the last quarter. Tortoise Investment Management LLC increased its stake in Walt Disney Company (The) by 0.6% during the 2nd quarter. Tortoise Investment Management LLC now owns 2,269 shares of the entertainment giant’s stock valued at $241,000 after purchasing an additional 14 shares in the last quarter. Burt Wealth Advisors increased its stake in Walt Disney Company (The) by 0.5% during the 2nd quarter. Burt Wealth Advisors now owns 3,182 shares of the entertainment giant’s stock valued at $338,000 after purchasing an additional 15 shares in the last quarter. Finally, Barton Investment Management increased its stake in Walt Disney Company (The) by 0.3% during the 1st quarter. Barton Investment Management now owns 7,732 shares of the entertainment giant’s stock valued at $876,000 after purchasing an additional 20 shares in the last quarter. Institutional investors own 61.38% 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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