Walt Disney’s (DIS) “Buy” Rating Reaffirmed at Credit Suisse Group AG
Walt Disney Co (NYSE:DIS)‘s stock had its “buy” rating reiterated by stock analysts at Credit Suisse Group AG in a report issued on Sunday. They currently have a $125.00 target price on the entertainment giant’s stock. Credit Suisse Group AG’s price objective would suggest a potential upside of 15.30% from the stock’s previous close.
The analysts wrote, “We believe this growth potential in Parks cashflow is often overlooked by investors.””
A number of other analysts have also issued reports on DIS. Goldman Sachs Group Inc set a $134.00 price target on shares of Walt Disney and gave the stock a “buy” rating in a research report on Saturday, May 20th. Wells Fargo & Co reissued a “market perform” rating and issued a $111.00 price target on shares of Walt Disney in a research report on Thursday. Jefferies Group LLC reissued a “hold” rating and issued a $110.00 price target on shares of Walt Disney in a research report on Wednesday, May 10th. Piper Jaffray Companies reissued an “overweight” rating and issued a $130.00 price target on shares of Walt Disney in a research report on Friday, May 19th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $100.00 price target on shares of Walt Disney in a research report on Wednesday, February 8th. Five investment 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. The company has an average rating of “Hold” and an average target price of $116.49.
Shares of Walt Disney (NYSE:DIS) traded up 1.06% during midday trading on Friday, hitting $108.41. 6,236,779 shares of the stock were exchanged. The stock has a market cap of $169.65 billion, a P/E ratio of 18.91 and a beta of 1.25. The stock’s 50-day moving average price is $111.56 and its 200 day moving average price is $108.02. Walt Disney has a one year low of $90.32 and a one year high of $116.10.
Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Tuesday, May 9th. The entertainment giant reported $1.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.45 by $0.05. The business had revenue of $13.34 billion during the quarter, compared to analyst estimates of $13.44 billion. Walt Disney had a net margin of 16.29% and a return on equity of 19.43%. The firm’s revenue was up 2.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.36 earnings per share. On average, analysts anticipate that Walt Disney will post $5.95 earnings per share for the current year.
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In other Walt Disney news, Director Susan E. Arnold sold 12,143 shares of Walt Disney stock in a transaction on Thursday, May 11th. The stock was sold at an average price of $109.02, for a total transaction of $1,323,829.86. Following the completion of the transaction, the director now directly owns 48,673 shares of the company’s stock, valued at $5,306,330.46. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Brent Woodford sold 2,000 shares of Walt Disney stock in a transaction on Tuesday, April 18th. The shares were sold at an average price of $114.50, for a total value of $229,000.00. Following the transaction, the executive vice president now directly owns 27,745 shares of the company’s stock, valued at $3,176,802.50. The disclosure for this sale can be found here. 13.00% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake 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 during the period. State Street Corp raised its stake in shares of Walt Disney by 0.7% in the first quarter. State Street Corp now owns 67,739,871 shares of the entertainment giant’s stock worth $7,681,023,000 after buying an additional 456,053 shares during the period. FMR LLC raised its stake 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 during the period. BlackRock Fund Advisors raised its stake in shares of Walt Disney by 2.3% in the third quarter. BlackRock Fund Advisors now owns 18,485,186 shares of the entertainment giant’s stock worth $1,716,534,000 after buying an additional 422,011 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of Walt Disney by 7.4% in the first quarter. Geode Capital Management LLC now owns 15,047,184 shares of the entertainment giant’s stock worth $1,703,892,000 after buying an additional 1,039,731 shares during the period. 58.65% of the stock is owned by institutional investors.
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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