The Walt Disney Company (NYSE:DIS – Get Rating) has been assigned a consensus “Buy” recommendation by the twenty-six brokerages that currently cover the stock, Marketbeat reports. One financial analyst rated the stock with a sell recommendation, seven issued a hold recommendation and sixteen gave the company a buy recommendation. The 12-month average target price among brokers who have hedged the stock over the past year is $187.72.
A number of research companies have weighed in on DIS recently. Moffett Nathanson cut his target price on Walt Disney shares from $165.00 to $150.00 and set a “neutral” rating for the company in a Monday, March 7 report. Guggenheim raised its price target on Walt Disney shares from $165.00 to $172.00 and gave the stock a “neutral” rating in a Thursday, Feb. 10 research note. Evercore ISI lowered its price target on Walt Disney shares from $200.00 to $190.00 and set an “outperform” rating for the company in a Thursday, Feb. 10 research note. BMO Capital Markets raised its price target on Walt Disney shares from $165.00 to $175.00 and gave the stock a “market performance” rating in a Thursday, Feb. 10 research note. Finally, JPMorgan Chase & Co. lowered its price target on Walt Disney shares from $220.00 to $200.00 and set an “overweight” rating for the company in a Thursday, Feb. 10 research note. .
In other Walt Disney news, Executive Vice President Brent Woodford sold 226 shares of the company in a trade dated Thursday, March 10. The shares were sold at an average price of $132.50, for a total value of $29,945.00. The sale was disclosed in a filing with the Securities & Exchange Commission, accessible via this link. Additionally, Chief Financial Officer Christine M. McCarthy sold 15,342 shares of the company in a trade dated Tuesday, January 18. The stock was sold at an average price of $151.54, for a total transaction of $2,324,926.68. The disclosure of this sale can be found here. Insiders sold 35,568 shares of the company valued at $5,461,472 in the past 90 days. 0.10% of the shares are currently held by insiders.
A number of institutional investors have recently changed their positions in the company. BlackRock Inc. increased its stake in Walt Disney by 0.3% in the third quarter. BlackRock Inc. now owns 119,795,456 shares of the entertainment giant worth $20,265,797,000 after buying an additional 314,932 shares last quarter. State Street Corp increased its stake in Walt Disney shares by 1.7% during the fourth quarter. State Street Corp now owns 73,140,194 shares of the entertainment giant worth $11,328,685,000 after acquiring an additional 1,200,863 shares in the last quarter. Morgan Stanley increased its stake in Walt Disney shares by 8.0% during the third quarter. Morgan Stanley now owns 35,294,697 shares of the entertainment giant worth $5,970,803,000 after acquiring an additional 2,628,220 shares in the last quarter. Geode Capital Management LLC increased its stake in Walt Disney stock by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 28,802,702 shares of the entertainment giant worth $4,448,175,000 after acquiring an additional 518,125 shares in the last quarter. Finally, Norges Bank purchased a new stake in Walt Disney stock during the fourth quarter worth approximately $2,290,736,000. Institutional investors and hedge funds hold 63.65% of the company’s shares.
Shares of DIS traded down $0.71 on Monday, hitting $131.16. The company’s stock had a trading volume of 338,327 shares, compared to its average volume of 11,632,828. The stock’s fifty-day simple moving average is $141.76 and its 200-day simple moving average is of $153.30. Walt Disney has a 1-year low of $128.38 and a 1-year high of $190.40. The company has a current ratio of 1.10, a quick ratio of 1.05 and a debt ratio of 0.50. The company has a market capitalization of $238.79 billion, a price-to-earnings ratio of 78.41, a growth price-to-earnings ratio of 1.28 and a beta of 1.15.
Walt Disney (NYSE:DIS – Get Rating) last released its results on Wednesday, February 9. The entertainment giant reported earnings per share of $1.06 for the quarter, beating consensus analyst estimates of $0.57 from $0.49. Walt Disney had a net margin of 4.22% and a return on equity of 6.26%. The company posted revenue of $21.82 billion in the quarter, versus analyst estimates of $21.20 billion. During the same period last year, the company posted earnings per share of $0.32. Equity research analysts expect Walt Disney to post earnings per share of 4.52 for the current year.
About Walt Disney (Get a rating)
The Walt Disney Co is a diversified international family entertainment and media company. It operates through the following segments: Disney Media and Entertainment Distribution (DMED) and Disney Parks, Experiences and Products (DPEP). The DMED segment encompasses the company’s global episodic film and television content production and distribution business.
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