Walt Disney (DIS) to Release Earnings on Wednesday
Walt Disney (NYSE:DIS) is scheduled to issue its quarterly earnings data on Wednesday, February 5th. Parties that are interested in participating in the company’s conference call can do so using this link.
Shares of Walt Disney (NYSE:DIS) opened at 69.99 on Tuesday. Walt Disney has a 52 week low of $53.41 and a 52 week high of $76.84. The stock’s 50-day moving average is $73.83 and its 200-day moving average is $67.96. The company has a market cap of $123.0 billion and a price-to-earnings ratio of 21.48.
A number of research firms have recently commented on DIS. Analysts at Thomson Reuters/Verus downgraded shares of Walt Disney from a “buy” rating to a “hold” rating in a research note to investors on Monday. On the ratings front, analysts at Stifel Nicolaus raised their price target on shares of Walt Disney from $76.00 to $85.00 in a research note to investors on Friday, January 24th. They now have a “buy” rating on the stock. Finally, analysts at Topeka Capital Markets initiated coverage on shares of Walt Disney in a research note to investors on Friday, January 24th. They set a “hold” rating and a $78.00 price target on the stock. They noted that the move was a valuation call. Fourteen investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. Walt Disney currently has a consensus rating of “Buy” and a consensus price target of $76.45.
In other Walt Disney news, EVP Alan Braverman sold 4,334 shares of Walt Disney stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $74.26, for a total value of $321,842.84. Following the completion of the sale, the executive vice president now directly owns 225,399 shares of the company’s stock, valued at approximately $16,738,130. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
The Walt Disney Company, together with its subsidiaries, is a diversified worldwide entertainment company.
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