Walt Disney Company (The) (NYSE:DIS)‘s stock had its “underperform” rating reaffirmed by research analysts at BMO Capital Markets in a note issued to investors on Thursday. They currently have a $90.00 target price on the entertainment giant’s stock, down from their previous target price of $95.00. BMO Capital Markets’ price target suggests a potential downside of 12.48% from the stock’s current price.
DIS has been the topic of several other reports. Zacks Investment Research lowered shares of Walt Disney Company (The) from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Macquarie restated a “neutral” rating on shares of Walt Disney Company (The) in a report on Wednesday, May 10th. Morgan Stanley restated an “overweight” rating and issued a $130.00 price objective on shares of Walt Disney Company (The) in a report on Wednesday, June 21st. Wells Fargo & Company restated a “market perform” rating and issued a $111.00 price objective on shares of Walt Disney Company (The) in a report on Wednesday, May 10th. Finally, BidaskClub lowered shares of Walt Disney Company (The) from a “hold” rating to a “sell” rating in a report on Sunday, July 16th. Six investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and sixteen have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $115.58.
Walt Disney Company (DIS) traded down 0.82% on Thursday, reaching $101.99. 2,383,094 shares of the company traded hands. The stock has a market capitalization of $159.31 billion, a price-to-earnings ratio of 18.09 and a beta of 1.40. The stock has a 50 day moving average of $106.24 and a 200-day moving average of $109.34. Walt Disney Company has a 1-year low of $90.32 and a 1-year high of $116.10. Walt Disney Company (The) also was the recipient of some unusual options trading activity on Monday. Stock investors purchased 26,917 put options on the stock. This represents an increase of 352% compared to the typical daily volume of 5,955 put options.
Walt Disney Company (The) (NYSE:DIS) last issued its quarterly earnings data on Tuesday, August 8th. The entertainment giant reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.05. The firm had revenue of $14.24 billion for the quarter, compared to analyst estimates of $14.44 billion. Walt Disney Company (The) had a net margin of 16.22% and a return on equity of 19.57%. Walt Disney Company (The)’s revenue was down .3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.62 EPS. On average, equities analysts anticipate that Walt Disney Company will post $5.90 EPS for the current year.
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In other news, Chairman Robert A. Iger sold 797,578 shares of the firm’s stock in a transaction on Friday, June 9th. The stock was sold at an average price of $105.09, for a total value of $83,817,472.02. Following the completion of the transaction, the chairman now owns 1,566,484 shares in the company, valued at $164,621,803.56. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.38% of the company’s stock.
Several hedge funds have recently bought and sold shares of DIS. Lee Financial Co raised its stake in 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 worth $112,000 after buying an additional 74 shares during the last quarter. Thomas J. Herzfeld Advisors Inc. bought a new stake in Walt Disney Company (The) during the fourth quarter worth approximately $110,000. Sumitomo Mitsui Financial Group Inc. bought a new stake in Walt Disney Company (The) during the first quarter worth approximately $144,000. BDO Wealth Advisors LLC bought a new stake in Walt Disney Company (The) during the second quarter worth approximately $153,000. Finally, Feltz Wealth PLAN Inc. bought a new stake in Walt Disney Company (The) during the first quarter worth approximately $173,000. 62.42% of the stock is currently owned by institutional investors and hedge funds.
Walt Disney Company (The) Company Profile
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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