The Walt Disney Co. (DIS) Rating Lowered to Market Perform at FBR & Co
The Walt Disney Co. (NYSE:DIS) was downgraded by FBR & Co from an “outperform” rating to a “market perform” rating in a report released on Tuesday. They presently have a $108.00 price objective on the entertainment giant’s stock, down from their prior price objective of $111.00. FBR & Co’s price objective would indicate a potential upside of 16.77% from the company’s current price.
Other equities analysts also recently issued reports about the company. Hilliard Lyons reiterated a “buy” rating on shares of The Walt Disney in a research report on Saturday, May 14th. Morgan Stanley reissued a “hold” rating on shares of The Walt Disney in a report on Sunday, July 17th. Topeka Capital Markets decreased their price target on The Walt Disney from $130.00 to $129.00 and set a “buy” rating on the stock in a report on Wednesday, May 11th. Royal Bank Of Canada reissued a “hold” rating on shares of The Walt Disney in a report on Monday, June 27th. Finally, JPMorgan Chase & Co. reissued an “overweight” rating on shares of The Walt Disney in a report on Monday, May 2nd. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $109.71.
Shares of The Walt Disney (NYSE:DIS) traded down 0.37% during midday trading on Tuesday, reaching $92.49. The company had a trading volume of 6,144,089 shares. The firm has a market capitalization of $148.64 billion, a price-to-earnings ratio of 16.62 and a beta of 1.25. The stock has a 50-day moving average of $93.53 and a 200 day moving average of $97.70. The Walt Disney has a 52 week low of $86.25 and a 52 week high of $120.65.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/10/09/the-walt-disney-co-dis-rating-lowered-to-market-perform-at-fbr-co.html
The Walt Disney (NYSE:DIS) last released its earnings results on Tuesday, August 9th. The entertainment giant reported $1.62 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.61 by $0.01. The company had revenue of $14.20 billion for the quarter, compared to the consensus estimate of $14.16 billion. The Walt Disney had a return on equity of 19.98% and a net margin of 16.48%. The Walt Disney’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.45 earnings per share. On average, analysts anticipate that The Walt Disney will post $5.78 earnings per share for the current year.
Large investors have recently bought and sold shares of the stock. Farmers & Merchants Investments Inc. raised its stake in The Walt Disney by 0.3% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 88,315 shares of the entertainment giant’s stock valued at $9,280,000 after buying an additional 224 shares during the last quarter. NEXT Financial Group Inc raised its stake in The Walt Disney by 5.7% in the fourth quarter. NEXT Financial Group Inc now owns 32,563 shares of the entertainment giant’s stock valued at $3,421,000 after buying an additional 1,744 shares during the last quarter. Gofen & Glossberg LLC IL raised its stake in The Walt Disney by 0.8% in the fourth quarter. Gofen & Glossberg LLC IL now owns 391,887 shares of the entertainment giant’s stock valued at $36,912,000 after buying an additional 3,205 shares during the last quarter. Shelton Capital Management raised its stake in The Walt Disney by 0.9% in the fourth quarter. Shelton Capital Management now owns 26,661 shares of the entertainment giant’s stock valued at $2,802,000 after buying an additional 232 shares during the last quarter. Finally, Kanawha Capital Management LLC raised its stake in The Walt Disney by 107.0% in the fourth quarter. Kanawha Capital Management LLC now owns 46,271 shares of the entertainment giant’s stock valued at $4,862,000 after buying an additional 23,916 shares during the last quarter. 57.92% of the stock is currently owned by institutional investors.
About The Walt Disney
The Walt Disney Company is a diversified entertainment company. The Company’s business segments include Media Networks, Parks and Resorts, Studio Entertainment, Consumer Products and Interactive. The Media Networks segment includes cable and broadcast television networks, television production operations, television distribution, domestic television stations, and radio networks and stations.
Receive News & Ratings for The Walt Disney Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Walt Disney Co. and related companies with MarketBeat.com's FREE daily email newsletter.