Walt Disney Co (DIS) Receives Average Recommendation of “Hold” from Analysts
Shares of Walt Disney Co (NYSE:DIS) have been given a consensus recommendation of “Hold” by the thirty-five ratings firms that are presently covering the stock. Five analysts have rated the stock with a sell rating, twelve have issued a hold rating and sixteen have given a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $116.52.
A number of research analysts have recently weighed in on the company. Goldman Sachs Group Inc reiterated a “conviction-buy” rating and set a $138.00 price target on shares of Walt Disney in a report on Wednesday, April 26th. Pivotal Research reiterated a “sell” rating and set a $85.00 price target on shares of Walt Disney in a report on Sunday, April 23rd. Loop Capital downgraded Walt Disney from a “buy” rating to a “hold” rating and lowered their price target for the company from $115.00 to $114.44 in a report on Monday, April 24th. Morgan Stanley lifted their price target on Walt Disney from $124.00 to $130.00 and gave the company an “overweight” rating in a report on Thursday, April 20th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Walt Disney in a report on Tuesday, April 25th.
Shares of Walt Disney (NYSE:DIS) traded down 0.43% during mid-day trading on Tuesday, reaching $107.17. The company’s stock had a trading volume of 4,555,307 shares. The firm’s 50 day moving average is $112.14 and its 200-day moving average is $107.91. The company has a market capitalization of $167.71 billion, a PE ratio of 18.69 and a beta of 1.25. Walt Disney has a 52-week low of $90.32 and a 52-week high of $116.10.
Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Tuesday, May 9th. The entertainment giant reported $1.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.45 by $0.05. Walt Disney had a return on equity of 19.43% and a net margin of 16.29%. The business had revenue of $13.34 billion for the quarter, compared to the consensus estimate of $13.44 billion. During the same quarter in the previous year, the company posted $1.36 earnings per share. Walt Disney’s revenue for the quarter was up 2.8% compared to the same quarter last year. Analysts forecast that Walt Disney will post $5.96 EPS for the current year.
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In other news, EVP Brent Woodford sold 2,000 shares of the company’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 value of $229,000.00. Following the sale, the executive vice president now directly owns 27,745 shares in the company, valued at approximately $3,176,802.50. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Susan E. Arnold sold 12,143 shares of the company’s stock in a transaction that occurred on Thursday, May 11th. The shares were sold at an average price of $109.02, for a total value of $1,323,829.86. Following the completion of the sale, the director now owns 48,673 shares in the company, valued at $5,306,330.46. The disclosure for this sale can be found here. Corporate insiders own 13.00% of the company’s stock.
Several large investors have recently added to or reduced their stakes in DIS. SOL Capital Management CO raised its stake in Walt Disney by 0.3% in the third quarter. SOL Capital Management CO now owns 16,263 shares of the entertainment giant’s stock valued at $1,510,000 after buying an additional 50 shares in the last quarter. Markston International LLC raised its stake in Walt Disney by 50.5% in the third quarter. Markston International LLC now owns 88,727 shares of the entertainment giant’s stock valued at $8,239,000 after buying an additional 29,770 shares in the last quarter. Willingdon Wealth Management raised its stake in Walt Disney by 0.9% in the third quarter. Willingdon Wealth Management now owns 36,049 shares of the entertainment giant’s stock valued at $3,348,000 after buying an additional 325 shares in the last quarter. Wellington Shields Capital Management LLC raised its stake in Walt Disney by 14.4% in the third quarter. Wellington Shields Capital Management LLC now owns 47,340 shares of the entertainment giant’s stock valued at $4,396,000 after buying an additional 5,967 shares in the last quarter. Finally, Seatown Holdings Pte. Ltd. raised its stake in Walt Disney by 215.1% in the third quarter. Seatown Holdings Pte. Ltd. now owns 480,139 shares of the entertainment giant’s stock valued at $44,586,000 after buying an additional 327,739 shares in the last quarter. Institutional investors own 58.65% of the company’s stock.
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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