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.
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