Ned Davis Research Downgrades Walt Disney to Neutral (DIS)
Walt Disney (NYSE:DIS) was downgraded by Ned Davis Research from a “buy” rating to a “neutral” rating in a research note issued on Tuesday, Analyst RN reports.
A number of other analysts have also recently weighed in on DIS. Analysts at Nomura initiated coverage on shares of Walt Disney in a research note to investors on Wednesday, January 15th. They set a “buy” rating and a $90.00 price target on the stock. Separately, analysts at TheStreet reiterated a “buy” rating on shares of Walt Disney in a research note to investors on Sunday, January 5th. Finally, analysts at Ascendiant Capital Markets reiterated a “top pick” rating on shares of Walt Disney in a research note to investors on Friday, January 3rd. They now have a $90.00 price target on the stock, up previously from $86.00. Fourteen research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $75.11.
In other Walt Disney news, EVP Kevin Mayer sold 27,898 shares of the stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $74.63, for a total transaction of $2,082,027.74. Following the completion of the transaction, the executive vice president now directly owns 11,847 shares in the company, valued at approximately $884,142. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.77 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.75 by $0.02. The company had revenue of $11.57 billion for the quarter, compared to the consensus estimate of $11.40 billion. During the same quarter in the prior year, the company posted $0.68 earnings per share. The company’s quarterly revenue was up 7.3% on a year-over-year basis.
The Walt Disney Company, together with its subsidiaries, is a diversified worldwide entertainment company.
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