Walt Disney Company (The)’s (NYSE:DIS) “Underperform” Rating Reaffirmed at BMO Capital Markets

BMO Capital Markets reissued their underperform rating on shares of Walt Disney Company (The) (NYSE:DIS) in a research report report published on Thursday. The firm currently has a $90.00 target price on the entertainment giant’s stock, down from their previous target price of $95.00.

DIS has been the subject of several other reports. Zacks Investment Research lowered Walt Disney Company (The) from a hold rating to a sell rating in a research report on Tuesday, July 11th. Macquarie restated a neutral rating on shares of Walt Disney Company (The) in a research report on Wednesday, May 10th. Morgan Stanley restated an overweight rating and set a $130.00 target price on shares of Walt Disney Company (The) in a research report on Wednesday, June 21st. Wells Fargo & Company restated a market perform rating and set a $111.00 target price on shares of Walt Disney Company (The) in a research report on Wednesday, May 10th. Finally, BidaskClub lowered Walt Disney Company (The) from a hold rating to a sell rating in a research report on Sunday, July 16th. Five research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and seventeen have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of $115.19.

Shares of Walt Disney Company (NYSE:DIS) traded up 0.63% during trading on Thursday, reaching $101.99. 9,410,408 shares of the company were exchanged. Walt Disney Company has a 52-week low of $90.32 and a 52-week high of $116.10. The stock has a market capitalization of $157.42 billion, a P/E ratio of 18.09 and a beta of 1.40. The stock has a 50-day moving average of $106.08 and a 200 day moving average of $109.24.

Walt Disney Company (The) (NYSE:DIS) last announced its quarterly earnings data on Tuesday, August 8th. The entertainment giant reported $1.58 EPS for the quarter, topping the Zacks’ consensus estimate of $1.53 by $0.05. The firm had revenue of $14.24 billion during the quarter, compared to analyst estimates of $14.44 billion. Walt Disney Company (The) had a return on equity of 19.69% and a net margin of 16.22%. The company’s revenue was down .3% on a year-over-year basis. During the same period last year, the company earned $1.62 earnings per share. On average, equities analysts anticipate that Walt Disney Company will post $5.90 earnings per share for the current fiscal year.

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The company also recently announced a Semi-Annual dividend, which was paid on Thursday, July 27th. Shareholders of record on Monday, July 10th were given a $0.78 dividend. The ex-dividend date of this dividend was Thursday, July 6th. Walt Disney Company (The)’s dividend payout ratio is presently 27.56%.

In related news, Director Maria Elena Lagomasino purchased 976 shares of the firm’s stock in a transaction dated Thursday, August 10th. The stock was bought at an average price of $102.34 per share, with a total value of $99,883.84. Following the completion of the purchase, the director now owns 7,513 shares in the company, valued at approximately $768,880.42. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman Robert A. Iger sold 797,578 shares of the stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $105.09, for a total value of $83,817,472.02. Following the completion of the sale, the chairman now directly owns 1,566,484 shares of the company’s stock, valued at approximately $164,621,803.56. The disclosure for this sale can be found here. Corporate insiders own 0.38% of the company’s stock.

Several large investors have recently modified their holdings of DIS. Thomas J. Herzfeld Advisors Inc. bought a new stake in shares of Walt Disney Company (The) during the fourth quarter valued at $110,000. Lee Financial Co boosted its stake in shares of Walt Disney Company (The) by 7.6% in the second quarter. Lee Financial Co now owns 1,052 shares of the entertainment giant’s stock valued at $112,000 after buying an additional 74 shares during the last quarter. Sumitomo Mitsui Financial Group Inc. bought a new stake in shares of Walt Disney Company (The) during the first quarter valued at $144,000. BDO Wealth Advisors LLC bought a new stake in shares of Walt Disney Company (The) during the second quarter valued at $153,000. Finally, Acrospire Investment Management LLC bought a new stake in shares of Walt Disney Company (The) during the second quarter valued at $170,000. 62.42% of the stock is owned by institutional investors.

About Walt Disney Company (The)

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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