Walt Disney (DIS) Earns “Buy” Rating from Loop Capital

Loop Capital restated their buy rating on shares of Walt Disney (NYSE:DIS) in a research report sent to investors on Monday. Loop Capital currently has a $106.00 target price on the entertainment giant’s stock.

Other analysts have also recently issued research reports about the stock. FBR & Co reiterated a hold rating and set a $97.00 price target on shares of Walt Disney in a research note on Friday, September 8th. B. Riley reissued a neutral rating on shares of Walt Disney in a research report on Wednesday, November 1st. Jefferies Group reissued a hold rating and issued a $103.77 target price (up from $102.68) on shares of Walt Disney in a research report on Friday, November 10th. Guggenheim reissued a buy rating and issued a $122.00 target price on shares of Walt Disney in a research report on Tuesday, September 5th. Finally, Vetr raised shares of Walt Disney from a hold rating to a buy rating and set a $103.55 target price on the stock in a research report on Thursday, September 7th. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and seventeen have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $112.44.

Shares of Walt Disney (DIS) traded up $0.18 during trading on Monday, hitting $107.61. 10,368,200 shares of the company traded hands, compared to its average volume of 7,285,033. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 0.42. Walt Disney has a 12-month low of $96.20 and a 12-month high of $116.10. The stock has a market capitalization of $162,109.33, a PE ratio of 18.83, a PEG ratio of 2.29 and a beta of 1.38.

Walt Disney (NYSE:DIS) last issued its earnings results on Thursday, November 9th. The entertainment giant reported $1.07 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.12 by ($0.05). Walt Disney had a return on equity of 19.66% and a net margin of 16.29%. The business had revenue of $12.78 billion for the quarter, compared to analysts’ expectations of $13.30 billion. During the same period last year, the business earned $1.10 EPS. The company’s revenue for the quarter was down 2.8% on a year-over-year basis. analysts predict that Walt Disney will post 6.23 earnings per share for the current fiscal year.

The company also recently disclosed a Semi-Annual dividend, which will be paid on Thursday, January 11th. Stockholders of record on Monday, December 11th will be paid a dividend of $0.84 per share. The ex-dividend date of this dividend is Friday, December 8th. Walt Disney’s dividend payout ratio is currently 29.53%.

Several institutional investors and hedge funds have recently bought and sold shares of DIS. Vanguard Group Inc. boosted its holdings in shares of Walt Disney by 2.2% during the second quarter. Vanguard Group Inc. now owns 98,803,049 shares of the entertainment giant’s stock valued at $10,497,824,000 after acquiring an additional 2,131,932 shares during the period. Northern Trust Corp boosted its holdings in shares of Walt Disney by 2.5% during the second quarter. Northern Trust Corp now owns 20,462,287 shares of the entertainment giant’s stock valued at $2,174,118,000 after acquiring an additional 500,349 shares during the period. Legal & General Group Plc boosted its holdings in shares of Walt Disney by 3.8% during the third quarter. Legal & General Group Plc now owns 8,186,026 shares of the entertainment giant’s stock valued at $806,872,000 after acquiring an additional 300,973 shares during the period. Clearbridge Investments LLC boosted its holdings in shares of Walt Disney by 2.0% during the first quarter. Clearbridge Investments LLC now owns 7,623,125 shares of the entertainment giant’s stock valued at $864,386,000 after acquiring an additional 150,316 shares during the period. Finally, Parnassus Investments CA boosted its holdings in shares of Walt Disney by 19.3% during the third quarter. Parnassus Investments CA now owns 6,941,130 shares of the entertainment giant’s stock valued at $684,187,000 after acquiring an additional 1,123,949 shares during the period. Institutional investors own 61.51% of the company’s stock.

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About Walt Disney

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 (NYSE:DIS)

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