The Walt Disney Co. (DIS) Rating Reiterated by BMO Capital Markets
The Walt Disney Co. (NYSE:DIS)‘s stock had its “market perform” rating restated by BMO Capital Markets in a report issued on Monday. They currently have a $90.00 target price on the entertainment giant’s stock, down from their previous target price of $95.00. BMO Capital Markets’ price target would indicate a potential downside of 0.91% from the stock’s current price.
Other analysts also recently issued reports about the company. Vetr downgraded The Walt Disney from a “strong-buy” rating to a “buy” rating and set a $108.99 price objective for the company. in a report on Thursday, June 30th. Pivotal Research reaffirmed a “buy” rating and set a $122.00 price target on shares of The Walt Disney in a research report on Sunday, July 24th. Citigroup Inc. decreased their price target on shares of The Walt Disney from $120.00 to $117.00 and set a “buy” rating for the company in a research report on Thursday, August 11th. Hilliard Lyons raised shares of The Walt Disney to a “buy” rating in a research report on Thursday, August 25th. Finally, Loop Capital reaffirmed a “buy” rating and set a $114.00 price target on shares of The Walt Disney in a research report on Tuesday, September 27th. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $109.40.
The Walt Disney (NYSE:DIS) traded down 0.51% during mid-day trading on Monday, reaching $90.83. The company’s stock had a trading volume of 5,125,283 shares. The stock’s 50 day moving average price is $92.91 and its 200 day moving average price is $97.49. The Walt Disney has a 1-year low of $86.25 and a 1-year high of $120.65. The stock has a market capitalization of $145.97 billion, a P/E ratio of 16.32 and a beta of 1.25.
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The Walt Disney (NYSE:DIS) last released its quarterly earnings data on Tuesday, August 9th. The entertainment giant reported $1.62 EPS for the quarter, topping analysts’ consensus estimates 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 period in the prior year, the firm posted $1.45 EPS. Analysts expect that The Walt Disney will post $5.78 EPS for the current fiscal year.
A number of large investors have recently added to or reduced their stakes in the company. Lowe FS increased its stake in The Walt Disney by 4.5% in the third quarter. Lowe FS now owns 368 shares of the entertainment giant’s stock worth $38,000 after buying an additional 16 shares during the last quarter. Thomas J. Herzfeld Advisors Inc. bought a new stake in The Walt Disney during the second quarter worth about $103,000. Balentine LLC increased its stake in 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 increased its stake in 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. Finally, Cordasco Financial Network increased its stake in 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. 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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