Walt Disney Co (DIS) Given Overweight Rating at Piper Jaffray Companies
Walt Disney Co (NYSE:DIS)‘s stock had its “overweight” rating reaffirmed by analysts at Piper Jaffray Companies in a report released on Friday. They currently have a $130.00 price objective on the entertainment giant’s stock. Piper Jaffray Companies’ target price suggests a potential upside of 21.86% from the stock’s current price.
DIS has been the topic of a number of other research reports. Jefferies Group LLC raised their target price on Walt Disney from $100.00 to $110.00 and gave the stock a “hold” rating in a report on Monday, March 27th. Needham & Company LLC restated a “hold” rating on shares of Walt Disney in a report on Tuesday, April 25th. Instinet restated a “buy” rating and set a $120.00 target price on shares of Walt Disney in a report on Wednesday, March 8th. Goldman Sachs Group Inc upgraded Walt Disney from a “neutral” rating to a “buy” rating and raised their target price for the stock from $109.00 to $134.00 in a report on Tuesday, February 7th. Finally, Deutsche Bank AG restated a “buy” rating and set a $125.00 target price (down previously from $130.00) on shares of Walt Disney in a report on Monday. Five analysts have rated the stock with a sell rating, twelve have issued a hold rating and seventeen have given a buy rating to the company’s stock. Walt Disney currently has a consensus rating of “Hold” and an average price target of $116.49.
Walt Disney (NYSE:DIS) traded up 0.79% during mid-day trading on Friday, reaching $107.52. 6,336,651 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $112.31 and a 200-day moving average price of $107.58. Walt Disney has a 52 week low of $90.32 and a 52 week high of $116.10. The stock has a market cap of $168.26 billion, a P/E ratio of 18.75 and a beta of 1.25. Walt Disney also was the recipient of unusually large options trading on Wednesday. Investors bought 7,318 put options on the company. This represents an increase of 225% compared to the typical volume of 2,249 put options.
Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Tuesday, May 9th. The entertainment giant reported $1.50 EPS for the quarter, topping the Zacks’ consensus estimate of $1.45 by $0.05. The firm had revenue of $13.34 billion during the quarter, compared to analyst estimates of $13.44 billion. Walt Disney had a return on equity of 19.43% and a net margin of 16.29%. The company’s revenue was up 2.8% on a year-over-year basis. During the same period last year, the company earned $1.36 earnings per share. On average, analysts forecast that Walt Disney will post $5.96 earnings per share for the current year.
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In related news, EVP Brent Woodford sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 18th. The stock was sold at an average price of $114.50, for a total transaction of $229,000.00. Following the transaction, the executive vice president now directly owns 27,745 shares of the company’s stock, valued at approximately $3,176,802.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Susan E. Arnold sold 12,143 shares of the business’s stock in a transaction that occurred on Thursday, May 11th. The stock was sold at an average price of $109.02, for a total value of $1,323,829.86. Following the transaction, the director now directly owns 48,673 shares in the company, valued at $5,306,330.46. The disclosure for this sale can be found here. 13.00% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Norges Bank acquired a new position in Walt Disney during the fourth quarter worth $1,507,183,000. Vanguard Group Inc. raised its position in shares of Walt Disney by 5.3% in the first quarter. Vanguard Group Inc. now owns 96,671,117 shares of the entertainment giant’s stock worth $10,961,537,000 after buying an additional 4,871,591 shares in the last quarter. FMR LLC raised its position in shares of Walt Disney by 11.7% in the fourth quarter. FMR LLC now owns 34,148,450 shares of the entertainment giant’s stock worth $3,558,951,000 after buying an additional 3,579,822 shares in the last quarter. Asset Management One Co. Ltd. raised its position in shares of Walt Disney by 1,054.2% in the fourth quarter. Asset Management One Co. Ltd. now owns 2,704,130 shares of the entertainment giant’s stock worth $281,899,000 after buying an additional 2,469,854 shares in the last quarter. Finally, Viking Global Investors LP purchased a new position in shares of Walt Disney during the fourth quarter worth approximately $250,510,000. 58.65% of the stock is currently owned by institutional investors and hedge funds.
Walt Disney Company Profile
The Walt Disney Company is an entertainment company. The Company operates in four business segments: Media Networks, Parks and Resorts, Studio Entertainment, and Consumer Products & Interactive Media. The media networks segment includes cable and broadcast television networks, television production and distribution operations, domestic television stations, and radio networks and stations.
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