Walt Disney Company (The) (NYSE:DIS) – Investment analysts at FBR & Co lifted their FY2017 EPS estimates for Walt Disney Company (The) in a research note issued to investors on Tuesday. FBR & Co analyst B. Crockett now expects that the entertainment giant will post earnings of $5.77 per share for the year, up from their previous estimate of $5.76. FBR & Co currently has a “Hold” rating and a $97.00 target price on the stock. FBR & Co also issued estimates for Walt Disney Company (The)’s Q4 2017 earnings at $1.14 EPS, FY2018 earnings at $6.16 EPS and FY2020 earnings at $6.93 EPS.

Walt Disney Company (The) (NYSE:DIS) last announced its earnings results 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 return on equity of 19.69% and a net margin of 16.22%. The firm had revenue of $14.24 billion during the quarter, compared to analysts’ expectations of $14.44 billion. During the same quarter in the prior year, the business earned $1.62 earnings per share. The company’s revenue was down .3% on a year-over-year basis.

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Several other analysts also recently issued reports on the company. Citigroup Inc. restated a “buy” rating and issued a $119.00 price target on shares of Walt Disney Company (The) in a research note on Wednesday. Piper Jaffray Companies set a $130.00 price target on Walt Disney Company (The) and gave the company a “buy” rating in a research note on Tuesday. Morgan Stanley reduced their price target on Walt Disney Company (The) from $130.00 to $120.00 and set an “overweight” rating for the company in a research note on Tuesday. Vetr downgraded Walt Disney Company (The) from a “strong-buy” rating to a “buy” rating and set a $110.51 price target for the company. in a research note on Thursday, October 19th. Finally, Barclays PLC reduced their price target on Walt Disney Company (The) from $98.00 to $94.00 and set an “equal weight” rating for the company in a research note on Friday, October 13th. Five research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. Walt Disney Company (The) currently has an average rating of “Hold” and an average target price of $113.40.

In related news, Director Maria Elena Lagomasino purchased 976 shares of the business’s stock in a transaction dated Thursday, August 10th. The stock was purchased at an average cost 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 purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.38% of the stock is owned by company insiders.

Several hedge funds have recently modified their holdings of the stock. West Coast Financial LLC raised its position in shares of Walt Disney Company (The) by 6.4% in the third quarter. West Coast Financial LLC now owns 34,416 shares of the entertainment giant’s stock worth $3,392,000 after buying an additional 2,084 shares in the last quarter. One Capital Management LLC raised its position in shares of Walt Disney Company (The) by 6.3% in the third quarter. One Capital Management LLC now owns 27,183 shares of the entertainment giant’s stock worth $2,679,000 after buying an additional 1,610 shares in the last quarter. Trillium Asset Management LLC raised its position in shares of Walt Disney Company (The) by 23.6% in the third quarter. Trillium Asset Management LLC now owns 3,976 shares of the entertainment giant’s stock worth $392,000 after buying an additional 759 shares in the last quarter. Forward Management LLC purchased a new stake in shares of Walt Disney Company (The) in the third quarter worth $657,000. Finally, Private Vista LLC raised its position in shares of Walt Disney Company (The) by 37.0% in the third quarter. Private Vista LLC now owns 3,342 shares of the entertainment giant’s stock worth $330,000 after buying an additional 902 shares in the last quarter. Institutional investors own 61.41% of the company’s stock.

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.

Earnings History and Estimates for Walt Disney Company (The) (NYSE:DIS)

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