The Walt Disney’s (DIS) Buy Rating Reaffirmed at Royal Bank of Canada

Royal Bank of Canada reaffirmed their buy rating on shares of The Walt Disney (NYSE:DIS) in a research note released on Friday, Analyst Price Targets reports. Royal Bank of Canada currently has a $202.00 price target on the entertainment giant’s stock.

A number of other brokerages also recently commented on DIS. Morgan Stanley raised their target price on shares of The Walt Disney from $200.00 to $210.00 and gave the company an overweight rating in a research note on Wednesday. Wells Fargo & Company lifted their price target on shares of The Walt Disney from $201.00 to $219.00 and gave the stock an overweight rating in a research note on Monday, April 26th. UBS Group lifted their price target on shares of The Walt Disney from $200.00 to $215.00 and gave the stock a buy rating in a research note on Wednesday, February 17th. KeyCorp lifted their price target on shares of The Walt Disney from $182.00 to $225.00 and gave the stock an overweight rating in a research note on Friday, February 12th. Finally, The Goldman Sachs Group dropped their price target on shares of The Walt Disney from $225.00 to $215.00 and set a buy rating on the stock in a research note on Friday. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-two have assigned a buy rating to the stock. The company has a consensus rating of Buy and an average price target of $192.66.

Shares of DIS stock traded down $4.64 during mid-day trading on Friday, reaching $173.70. The company’s stock had a trading volume of 33,149,430 shares, compared to its average volume of 10,688,635. The company’s 50 day simple moving average is $185.40 and its 200-day simple moving average is $173.28. The Walt Disney has a 12-month low of $104.27 and a 12-month high of $203.02. The company has a quick ratio of 1.26, a current ratio of 1.32 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $315.31 billion, a PE ratio of -109.24, a price-to-earnings-growth ratio of 5.07 and a beta of 1.20.

The Walt Disney (NYSE:DIS) last issued its earnings results on Thursday, May 13th. The entertainment giant reported $0.79 EPS for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.52. The Walt Disney had a negative net margin of 4.38% and a positive return on equity of 4.05%. The business had revenue of $15.61 billion for the quarter, compared to the consensus estimate of $15.99 billion. During the same quarter last year, the firm posted $0.60 EPS. The business’s revenue for the quarter was down 13.4% compared to the same quarter last year. As a group, research analysts anticipate that The Walt Disney will post 1.69 EPS for the current fiscal year.

In related news, Chairman Robert A. Iger sold 120,946 shares of the business’s stock in a transaction that occurred on Monday, March 8th. The shares were sold at an average price of $200.82, for a total value of $24,288,375.72. Following the sale, the chairman now directly owns 1,227,381 shares in the company, valued at approximately $246,482,652.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Zenia B. Mucha sold 33,969 shares of the business’s stock in a transaction that occurred on Thursday, February 18th. The stock was sold at an average price of $183.12, for a total transaction of $6,220,403.28. Following the completion of the sale, the executive vice president now owns 53,589 shares in the company, valued at $9,813,217.68. The disclosure for this sale can be found here. Insiders have sold a total of 382,351 shares of company stock worth $74,874,701 over the last 90 days. 0.31% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mountain Capital Investment Advisors Inc purchased a new position in shares of The Walt Disney in the fourth quarter worth approximately $215,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its position in shares of The Walt Disney by 2.2% in the fourth quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 802,455 shares of the entertainment giant’s stock worth $145,388,000 after acquiring an additional 17,433 shares in the last quarter. James Hambro & Partners increased its position in shares of The Walt Disney by 48.4% in the fourth quarter. James Hambro & Partners now owns 7,619 shares of the entertainment giant’s stock worth $1,380,000 after acquiring an additional 2,485 shares in the last quarter. Iron Horse Wealth Management LLC purchased a new position in shares of The Walt Disney in the fourth quarter worth approximately $38,000. Finally, Pflug Koory LLC increased its position in shares of The Walt Disney by 6.1% in the fourth quarter. Pflug Koory LLC now owns 9,158 shares of the entertainment giant’s stock worth $1,659,000 after acquiring an additional 527 shares in the last quarter. Institutional investors and hedge funds own 62.83% 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 domestic television stations.

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