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Investment analysts at Topeka Capital Markets assumed coverage on shares of Walt Disney (NYSE:DIS) in a note issued to investors on Friday, TheFlyOnTheWall.com reports. The firm set a “hold” rating and a $78.00 price target on the stock. Topeka Capital Markets’ price target would suggest a potential upside of 7.26% from the stock’s previous close. The analysts noted that the move was a valuation call.

Shares of Walt Disney (NYSE:DIS) traded down 2.77% during mid-day trading on Friday, hitting $72.72. The stock had a trading volume of 7,338,576 shares. Walt Disney has a 52-week low of $53.41 and a 52-week high of $76.84. The stock has a 50-day moving average of $73.51 and a 200-day moving average of $67.66. The company has a market cap of $127.8 billion and a price-to-earnings ratio of 22.13.

Walt Disney (NYSE:DIS) last released its earnings data on Thursday, November 7th. The company reported $0.77 earnings per share (EPS) for the quarter, beating the 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 last year, the company posted $0.68 earnings per share. Walt Disney’s revenue was up 7.3% compared to the same quarter last year. On average, analysts predict that Walt Disney will post $3.94 earnings per share for the current fiscal year.

DIS has been the subject of a number of other recent research reports. Analysts at TheStreet reiterated a “buy” rating on shares of Walt Disney in a research note to investors on Wednesday. Separately, analysts at Ned Davis Research downgraded shares of Walt Disney from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday. Finally, 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. Fifteen research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $75.82.

In other Walt Disney news, EVP Kevin Mayer sold 27,898 shares of the stock on the open market 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 sale, the executive vice president now directly owns 11,847 shares in the company, valued at approximately $884,142. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

The Walt Disney Company, together with its subsidiaries, is a diversified worldwide entertainment company.

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