BMO Capital Markets Reaffirms “Market Perform” Rating for The Walt Disney Co. (DIS)
The Walt Disney Co. (NYSE:DIS)‘s stock had its “market perform” rating reissued by analysts at BMO Capital Markets in a report released on Monday. They currently have a $90.00 price objective on the entertainment giant’s stock, down from their prior price objective of $95.00. BMO Capital Markets’ price objective indicates a potential downside of 0.91% from the stock’s current price.
DIS has been the topic of a number of other reports. Credit Agricole SA cut their price objective on shares of The Walt Disney from $115.00 to $108.00 and set an “outperform” rating on the stock in a research note on Friday, September 23rd. Brean Capital restated a “hold” rating on shares of The Walt Disney in a research note on Wednesday, September 28th. Jefferies Group restated a “hold” rating on shares of The Walt Disney in a research note on Thursday, August 25th. Wells Fargo & Co. cut shares of The Walt Disney to a “hold” rating in a research note on Thursday, August 25th. Finally, Barclays PLC reiterated an “underweight” rating on shares of The Walt Disney in a research report on Friday, September 30th. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $109.40.
The Walt Disney (NYSE:DIS) traded down 0.51% during midday trading on Monday, hitting $90.83. 5,133,550 shares of the company’s stock traded hands. The company has a 50 day moving average of $92.91 and a 200-day moving average of $97.49. The company has a market capitalization of $145.97 billion, a PE ratio of 16.32 and a beta of 1.25. 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 quarterly earnings data on Tuesday, August 9th. The entertainment giant reported $1.62 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $0.01. The Walt Disney had a net margin of 16.48% and a return on equity of 19.98%. The business had revenue of $14.20 billion for the quarter, compared to analysts’ expectations of $14.16 billion. During the same period in the previous year, the business earned $1.45 earnings per share. The company’s revenue was up 9.0% on a year-over-year basis. Equities research analysts predict that The Walt Disney will post $5.78 earnings per share for the current year.
Hedge funds have recently made changes to their positions in the company. Thomas J. Herzfeld Advisors Inc. acquired a new stake in shares of The Walt Disney during the second quarter valued at approximately $103,000. Balentine LLC boosted its stake 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 valued at $105,000 after buying an additional 845 shares during the last quarter. Krilogy Financial LLC boosted its stake 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 valued at $126,000 after buying an additional 61 shares during the last quarter. Cordasco Financial Network boosted its stake 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 valued at $147,000 after buying an additional 900 shares during the last quarter. Finally, Opera Trading Capital acquired a new stake in shares of The Walt Disney during the first quarter valued at approximately $158,000. Institutional investors own 57.96% of the company’s stock.
The Walt Disney Company Profile
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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