Walt Disney (DIS) Rating Lowered to Buy at Vetr

Vetr lowered shares of Walt Disney (NYSE:DIS) from a strong-buy rating to a buy rating in a research note published on Tuesday morning. The brokerage currently has $115.49 price objective on the entertainment giant’s stock.

A number of other analysts also recently issued reports on DIS. B. Riley reissued a neutral rating on shares of Walt Disney in a report on Wednesday, November 1st. Cowen reissued a hold rating and set a $102.00 price target on shares of Walt Disney in a report on Monday, February 5th. Morgan Stanley increased their price target on shares of Walt Disney from $120.00 to $130.00 and gave the stock an overweight rating in a report on Wednesday, January 31st. Bank of America reissued a buy rating and set a $144.00 price target (up from $130.00) on shares of Walt Disney in a report on Wednesday, January 10th. Finally, Loop Capital increased their price target on shares of Walt Disney from $106.00 to $108.00 and gave the stock a hold rating in a report on Wednesday, January 31st. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company. The stock currently has a consensus rating of Buy and an average target price of $118.63.

Shares of Walt Disney (NYSE:DIS) opened at $103.09 on Tuesday. The company has a market cap of $158,370.00, a price-to-earnings ratio of 14.64, a PEG ratio of 1.77 and a beta of 1.30. The company has a quick ratio of 0.74, a current ratio of 0.87 and a debt-to-equity ratio of 0.43. Walt Disney has a twelve month low of $96.20 and a twelve month high of $116.10.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Tuesday, February 6th. The entertainment giant reported $1.89 EPS for the quarter, beating the consensus estimate of $1.61 by $0.28. The business had revenue of $15.35 billion for the quarter, compared to the consensus estimate of $15.47 billion. Walt Disney had a net margin of 19.61% and a return on equity of 20.44%. The business’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.55 EPS. sell-side analysts predict that Walt Disney will post 6.77 earnings per share for the current fiscal year.

The business also recently disclosed a Semi-Annual dividend, which was paid on Thursday, January 11th. Shareholders of record on Monday, December 11th were issued a dividend of $0.84 per share. The ex-dividend date was Friday, December 8th. Walt Disney’s payout ratio is 23.86%.

Institutional investors and hedge funds have recently bought and sold shares of the business. Lee Financial Co raised its position in shares of Walt Disney by 7.6% in the second quarter. Lee Financial Co now owns 1,052 shares of the entertainment giant’s stock valued at $112,000 after buying an additional 74 shares during the last quarter. Front Row Advisors LLC acquired a new stake in shares of Walt Disney in the fourth quarter valued at about $122,000. Legacy Advisors LLC acquired a new stake in shares of Walt Disney in the third quarter valued at about $137,000. Malaga Cove Capital LLC acquired a new stake in shares of Walt Disney in the third quarter valued at about $140,000. Finally, Wealthcare Advisory Partners LLC acquired a new stake in shares of Walt Disney in the third quarter valued at about $142,000. 61.58% of the stock is currently owned by institutional investors and hedge funds.

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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.

To view Vetr’s full report, visit Vetr’s official website.

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