Jefferies Group Reaffirms Hold Rating for The Walt Disney Co. (DIS)
The Walt Disney Co. (NYSE:DIS)‘s stock had its “hold” rating reaffirmed by equities researchers at Jefferies Group in a note issued to investors on Wednesday. They presently have a $92.00 price target on the entertainment giant’s stock. Jefferies Group’s price target indicates a potential upside of 0.65% from the stock’s previous close.
Other equities analysts have also recently issued reports about the company. Morgan Stanley restated a “hold” rating on shares of The Walt Disney in a report on Sunday, July 17th. Royal Bank Of Canada restated a “hold” rating on shares of The Walt Disney in a report on Monday, June 27th. JPMorgan Chase & Co. restated an “overweight” rating and issued a $118.00 target price on shares of The Walt Disney in a report on Saturday, August 13th. Sanford C. Bernstein restated a “market perform” rating on shares of The Walt Disney in a report on Friday, June 17th. Finally, Vetr cut The Walt Disney from a “buy” rating to a “hold” rating and set a $101.25 target price on the stock. in a report on Thursday, July 7th. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $109.71.
Shares of The Walt Disney (NYSE:DIS) traded down 0.49% during midday trading on Wednesday, reaching $91.41. The company’s stock had a trading volume of 6,835,049 shares. The stock has a market capitalization of $146.91 billion, a PE ratio of 16.43 and a beta of 1.25. The stock has a 50-day moving average price of $93.30 and a 200 day moving average price of $97.63. The Walt Disney has a 52 week low of $86.25 and a 52 week high of $120.65.
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The Walt Disney (NYSE:DIS) last issued its earnings results on Tuesday, August 9th. The entertainment giant reported $1.62 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.61 by $0.01. The business had revenue of $14.20 billion for the quarter, compared to analysts’ expectations of $14.16 billion. The Walt Disney had a return on equity of 19.98% and a net margin of 16.48%. The company’s quarterly revenue was up 9.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.45 EPS. Equities analysts forecast that The Walt Disney will post $5.78 earnings per share for the current year.
A number of institutional investors have recently made changes to their positions in DIS. Thomas J. Herzfeld Advisors Inc. bought a new position in shares of The Walt Disney during the second quarter worth $103,000. Balentine LLC raised its position in shares of The Walt Disney by 365.8% in the second quarter. Balentine LLC now owns 1,076 shares of the entertainment giant’s stock worth $105,000 after buying an additional 845 shares during the last quarter. Krilogy Financial LLC raised its position in shares of The Walt Disney by 5.0% in the second quarter. Krilogy Financial LLC now owns 1,292 shares of the entertainment giant’s stock worth $126,000 after buying an additional 61 shares during the last quarter. Cordasco Financial Network raised its position in shares of The Walt Disney by 149.8% in the second quarter. Cordasco Financial Network now owns 1,501 shares of the entertainment giant’s stock worth $147,000 after buying an additional 900 shares during the last quarter. Finally, Opera Trading Capital bought a new position in shares of The Walt Disney during the first quarter worth $158,000. 57.92% of the stock is owned by hedge funds and other 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.
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