The Walt Disney Co. (DIS) Earns Hold Rating from Jefferies Group
The Walt Disney Co. (NYSE:DIS)‘s stock had its “hold” rating restated by equities research analysts at Jefferies Group in a report issued on Wednesday. They presently have a $92.00 target price on the entertainment giant’s stock. Jefferies Group’s price target would indicate a potential upside of 0.65% from the company’s previous close.
A number of other equities research analysts also recently commented on DIS. Morgan Stanley reaffirmed a “hold” rating on shares of The Walt Disney in a research report on Sunday, July 17th. FBR & Co reaffirmed a “hold” rating on shares of The Walt Disney in a research report on Sunday, September 4th. Wells Fargo & Co. downgraded The Walt Disney to a “hold” rating in a research report on Thursday, August 25th. Goldman Sachs Group Inc. reissued a “neutral” rating and set a $108.00 price target (down previously from $109.00) on shares of The Walt Disney in a research report on Thursday, August 11th. Finally, Brean Capital reissued a “hold” rating on shares of The Walt Disney in a research report on Thursday, August 11th. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $109.71.
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 Walt Disney has a 1-year low of $86.25 and a 1-year high of $120.65. The company has a market capitalization of $146.91 billion, a P/E ratio of 16.43 and a beta of 1.25. The company has a 50 day moving average of $93.30 and a 200-day moving average of $97.63.
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The Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Tuesday, August 9th. The entertainment giant reported $1.62 EPS for the quarter, beating the Zacks’ consensus estimate of $1.61 by $0.01. The business earned $14.20 billion during 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 business’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.45 earnings per share. Equities research analysts anticipate that The Walt Disney will post $5.78 earnings per share for the current fiscal year.
Hedge funds have recently added to or reduced their stakes in the stock. Douglas Lane & Associates LLC acquired a new stake in The Walt Disney during the first quarter worth about $14,384,000. First Manhattan Co. raised its stake in The Walt Disney by 2.2% in the first quarter. First Manhattan Co. now owns 439,504 shares of the entertainment giant’s stock worth $43,647,000 after buying an additional 9,620 shares during the last quarter. Forte Capital LLC ADV raised its stake in The Walt Disney by 0.9% in the first quarter. Forte Capital LLC ADV now owns 11,361 shares of the entertainment giant’s stock worth $1,128,000 after buying an additional 101 shares during the last quarter. Headinvest LLC raised its stake in The Walt Disney by 22.9% in the first quarter. Headinvest LLC now owns 3,215 shares of the entertainment giant’s stock worth $319,000 after buying an additional 600 shares during the last quarter. Finally, Lodestar Investment Counsel LLC IL raised its stake in The Walt Disney by 6.4% in the first quarter. Lodestar Investment Counsel LLC IL now owns 217,630 shares of the entertainment giant’s stock worth $21,613,000 after buying an additional 13,161 shares during the last quarter. Institutional investors own 57.92% of the company’s stock.
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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