Walt Disney Company (The) (NYSE:DIS)‘s stock had its “hold” rating restated by equities research analysts at FBR & Co in a research note issued to investors on Friday. They currently have a $97.00 price target on the entertainment giant’s stock. FBR & Co’s price target would suggest a potential downside of 0.07% from the company’s previous close.

The analysts wrote, “We update estimates to factor in Disney CEO Bob Iger’s statement at an investor conference Sept. 7 that Disney’s EPS was likely to be comparable in F2017 to F2016, a step down from former guidance for modest growth.” Disney’s stock dipped on the comments, along with the media group. But we read the reduced EPS outlook as mainly due to Hurricane Irma, meaning the EPS trim should largely come back in F2018. We didn’t see Iger raising any new secular concerns, although another presenter, Comcast, raised a form of secular concern with disclosure of expectations for up to 150,000 video sub losses in the Sept. quarter, due, in part to competition from skinny bundle SVOD services. But competition of this sort isn’t necessarily negative for Disney (or CBS, Fox, Tegna and TV stations), since they are largely in the online skinny bundles.””

Several other analysts also recently weighed in on the stock. Vetr raised shares of Walt Disney Company (The) from a “hold” rating to a “buy” rating and set a $103.55 target price on the stock in a research report on Thursday. UBS AG reissued a “buy” rating and set a $126.00 target price on shares of Walt Disney Company (The) in a research report on Tuesday. Guggenheim reissued a “buy” rating and set a $122.00 target price on shares of Walt Disney Company (The) in a research report on Tuesday. Wells Fargo & Company raised shares of Walt Disney Company (The) from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $109.00 to $116.00 in a research report on Tuesday. Finally, Loop Capital reissued a “hold” rating and set a $106.00 target price (down previously from $107.00) on shares of Walt Disney Company (The) in a research report on Thursday, August 31st. Four investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and twenty-one have issued a buy rating to the company. Walt Disney Company (The) presently has a consensus rating of “Hold” and an average price target of $113.95.

Walt Disney Company (DIS) traded up 0.01% during midday trading on Friday, hitting $97.07. 13,147,662 shares of the stock were exchanged. Walt Disney Company has a 12 month low of $90.32 and a 12 month high of $116.10. The company has a market cap of $149.83 billion, a PE ratio of 17.22 and a beta of 1.42. The firm’s 50 day moving average price is $103.93 and its 200 day moving average price is $108.10. Walt Disney Company (The) also was the recipient of unusually large options trading activity on Thursday. Stock investors purchased 43,955 put options on the company. This is an increase of approximately 179% compared to the average volume of 15,745 put options.

Walt Disney Company (The) (NYSE:DIS) last issued its quarterly earnings data on Tuesday, August 8th. The entertainment giant reported $1.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.53 by $0.05. Walt Disney Company (The) had a net margin of 16.22% and a return on equity of 19.69%. The firm had revenue of $14.24 billion for the quarter, compared to the consensus estimate of $14.44 billion. During the same quarter in the previous year, the firm earned $1.62 EPS. The company’s quarterly revenue was down .3% compared to the same quarter last year. On average, equities research analysts forecast that Walt Disney Company will post $5.87 earnings per share for the current fiscal year.

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In other Walt Disney Company (The) news, Director Maria Elena Lagomasino bought 976 shares of the company’s stock in a transaction dated Thursday, August 10th. The stock was acquired at an average price of $102.34 per share, with a total value of $99,883.84. Following the completion of the acquisition, the director now directly owns 7,513 shares of the company’s stock, valued at $768,880.42. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.38% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in shares of Walt Disney Company (The) by 2.2% in the second quarter. Vanguard Group Inc. now owns 98,803,049 shares of the entertainment giant’s stock valued at $10,497,824,000 after purchasing an additional 2,131,932 shares during the period. State Street Corp grew its holdings in shares of Walt Disney Company (The) by 0.7% in the first quarter. State Street Corp now owns 67,739,871 shares of the entertainment giant’s stock valued at $7,681,023,000 after purchasing an additional 456,053 shares during the period. Northern Trust Corp grew its holdings in shares of Walt Disney Company (The) by 2.5% in the second quarter. Northern Trust Corp now owns 20,462,287 shares of the entertainment giant’s stock valued at $2,174,118,000 after purchasing an additional 500,349 shares during the period. Fisher Asset Management LLC grew its holdings in shares of Walt Disney Company (The) by 1.2% in the first quarter. Fisher Asset Management LLC now owns 8,846,672 shares of the entertainment giant’s stock valued at $1,003,124,000 after purchasing an additional 101,808 shares during the period. Finally, Legal & General Group Plc grew its holdings in shares of Walt Disney Company (The) by 5.3% in the second quarter. Legal & General Group Plc now owns 7,885,053 shares of the entertainment giant’s stock valued at $837,761,000 after purchasing an additional 394,012 shares during the period. 61.47% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Company (The) 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.

Analyst Recommendations for Walt Disney Company (The) (NYSE:DIS)

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