Shares of The Walt Disney Company (NYSE:DIS) have earned a consensus rating of “Buy” from the thirty-one research firms that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, ten have given a hold rating and nineteen have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $134.70.
A number of research firms recently issued reports on DIS. Zacks Investment Research raised The Walt Disney from a “sell” rating to a “hold” rating and set a $137.00 target price on the stock in a research note on Monday, August 17th. Credit Suisse Group raised The Walt Disney from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $116.00 to $146.00 in a research note on Wednesday, August 5th. Wells Fargo & Company increased their price target on The Walt Disney from $120.00 to $136.00 and gave the stock an “equal weight” rating in a research note on Friday, August 14th. Loop Capital raised The Walt Disney from a “hold” rating to a “buy” rating and set a $150.00 price target on the stock in a research note on Tuesday, October 13th. Finally, The Goldman Sachs Group began coverage on The Walt Disney in a research note on Monday, July 13th. They set a “buy” rating and a $137.00 price target on the stock.
DIS opened at $118.47 on Monday. The stock has a market cap of $214.08 billion, a P/E ratio of -191.08, a P/E/G ratio of 6.24 and a beta of 1.09. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.34 and a quick ratio of 1.29. The stock’s 50 day simple moving average is $126.66 and its 200 day simple moving average is $119.66. The Walt Disney has a 1-year low of $79.07 and a 1-year high of $153.41.
The Walt Disney (NYSE:DIS) last released its quarterly earnings results on Tuesday, August 4th. The entertainment giant reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.64) by $0.72. The Walt Disney had a positive return on equity of 6.58% and a negative net margin of 1.58%. The business had revenue of $11.80 billion for the quarter, compared to analysts’ expectations of $12.48 billion. During the same quarter in the prior year, the firm posted $1.35 EPS. The company’s revenue was down 41.7% compared to the same quarter last year. Research analysts expect that The Walt Disney will post 1.62 EPS for the current fiscal year.
In related news, EVP Brent Woodford sold 2,000 shares of the stock in a transaction on Tuesday, October 13th. The stock was sold at an average price of $130.95, for a total value of $261,900.00. Following the completion of the sale, the executive vice president now directly owns 36,620 shares in the company, valued at approximately $4,795,389. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.31% of the stock is currently owned by corporate insiders.
Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of The Walt Disney by 7.8% during the second quarter. Vanguard Group Inc. now owns 148,574,900 shares of the entertainment giant’s stock valued at $16,567,587,000 after acquiring an additional 10,757,398 shares in the last quarter. State Street Corp raised its holdings in shares of The Walt Disney by 0.8% during the first quarter. State Street Corp now owns 74,952,278 shares of the entertainment giant’s stock valued at $7,240,390,000 after buying an additional 565,404 shares during the last quarter. Morgan Stanley raised its holdings in shares of The Walt Disney by 16.7% during the first quarter. Morgan Stanley now owns 27,471,116 shares of the entertainment giant’s stock valued at $2,653,710,000 after buying an additional 3,939,992 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of The Walt Disney by 9.7% during the second quarter. Bank of New York Mellon Corp now owns 25,029,876 shares of the entertainment giant’s stock valued at $2,791,081,000 after buying an additional 2,208,862 shares during the last quarter. Finally, Coatue Management LLC raised its holdings in shares of The Walt Disney by 19,729.5% during the second quarter. Coatue Management LLC now owns 9,199,122 shares of the entertainment giant’s stock valued at $1,025,795,000 after buying an additional 9,152,731 shares during the last quarter. Institutional investors own 62.72% of the company’s stock.
About The Walt Disney
The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates domestic cable networks under the Disney, ESPN, Freeform, FX, and National Geographic brands; and television broadcast network under the ABC brand, as well as eight owned domestic television stations.
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