Wells Fargo & Company Reaffirms Market Perform Rating for Walt Disney Company (The) (DIS)

Walt Disney Company (The) (NYSE:DIS)‘s stock had its “market perform” rating restated by investment analysts at Wells Fargo & Company in a research report issued on Thursday. They presently have a $109.00 price objective on the entertainment giant’s stock. Wells Fargo & Company’s price objective suggests a potential upside of 6.00% from the company’s previous close.

DIS has been the topic of a number of other research reports. BidaskClub upgraded shares of Walt Disney Company (The) from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Credit Suisse Group reiterated a “buy” rating and set a $125.00 price objective on shares of Walt Disney Company (The) in a research note on Sunday, May 28th. Morgan Stanley lifted their price objective on shares of Walt Disney Company (The) from $124.00 to $130.00 and gave the company an “overweight” rating in a research note on Thursday, April 20th. Goldman Sachs Group, Inc. (The) reiterated a “conviction-buy” rating and set a $138.00 price objective on shares of Walt Disney Company (The) in a research note on Wednesday, April 26th. Finally, Deutsche Bank AG reiterated a “buy” rating and set a $125.00 price objective (down previously from $130.00) on shares of Walt Disney Company (The) in a research note on Monday, May 15th. Six investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and sixteen have given a buy rating to the company. Walt Disney Company (The) currently has an average rating of “Hold” and a consensus price target of $115.58.

Shares of Walt Disney Company (DIS) opened at 102.83 on Thursday. The stock has a market capitalization of $160.92 billion, a P/E ratio of 17.93 and a beta of 1.40. Walt Disney Company has a 52 week low of $90.32 and a 52 week high of $116.10. The company’s 50-day moving average is $106.24 and its 200 day moving average is $109.34. Walt Disney Company (The) also saw some unusual options trading activity on Monday. Traders purchased 26,917 put options on the company. This represents an increase of approximately 352% compared to the typical daily volume of 5,955 put options.

Walt Disney Company (The) (NYSE:DIS) last posted its quarterly earnings data on Tuesday, August 8th. The entertainment giant reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.53 by $0.05. The company 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%. The business’s quarterly revenue was down .3% on a year-over-year basis. During the same quarter last year, the firm posted $1.62 earnings per share. On average, equities analysts forecast that Walt Disney Company will post $5.90 EPS for the current fiscal year.

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In other Walt Disney Company (The) news, Chairman Robert A. Iger sold 797,578 shares of the company’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $105.09, for a total transaction of $83,817,472.02. Following the completion of the sale, the chairman now owns 1,566,484 shares of the company’s stock, valued at $164,621,803.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.38% of the company’s stock.

A number of large investors have recently made changes to their positions in DIS. Norges Bank bought a new stake in shares of Walt Disney Company (The) during the fourth quarter worth about $1,507,183,000. Acadian Asset Management LLC boosted its stake in shares of Walt Disney Company (The) by 88.8% in the first quarter. Acadian Asset Management LLC now owns 3,345,124 shares of the entertainment giant’s stock worth $379,305,000 after buying an additional 1,573,215 shares during the last quarter. Harbour Capital Advisors LLC boosted its stake in shares of Walt Disney Company (The) by 10,076.9% in the second quarter. Harbour Capital Advisors LLC now owns 1,387,625 shares of the entertainment giant’s stock worth $13,060,000 after buying an additional 1,373,990 shares during the last quarter. Teachers Advisors LLC boosted its stake in shares of Walt Disney Company (The) by 33.5% in the fourth quarter. Teachers Advisors LLC now owns 3,553,068 shares of the entertainment giant’s stock worth $370,301,000 after buying an additional 892,390 shares during the last quarter. Finally, LSV Asset Management boosted its stake in shares of Walt Disney Company (The) by 3,235.2% in the second quarter. LSV Asset Management now owns 730,400 shares of the entertainment giant’s stock worth $77,604,000 after buying an additional 708,500 shares during the last quarter. 62.42% of the stock is owned by hedge funds and other 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.

Analyst Recommendations for Walt Disney Company (The) (NYSE:DIS)

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