Rosenblatt Securities Reaffirms Hold Rating for Walt Disney (DIS)
Walt Disney (NYSE:DIS)‘s stock had its “hold” rating reissued by Rosenblatt Securities in a research note issued on Monday. They presently have a $115.00 price target on the entertainment giant’s stock. Rosenblatt Securities’ price objective would indicate a potential upside of 4.34% from the stock’s previous close.
Other equities analysts have also issued reports about the company. Piper Jaffray Companies set a $130.00 price target on Walt Disney and gave the stock a “buy” rating in a research report on Wednesday, August 9th. Goldman Sachs Group set a $133.00 price target on Walt Disney and gave the stock a “buy” rating in a research report on Wednesday, August 9th. Vetr raised Walt Disney from a “hold” rating to a “buy” rating and set a $107.66 price target on the stock in a research report on Thursday, August 10th. Deutsche Bank reissued a “buy” rating and set a $125.00 price target on shares of Walt Disney in a research report on Thursday, August 10th. Finally, Guggenheim reissued a “buy” rating and set a $122.00 price target on shares of Walt Disney in a research report on Tuesday, September 5th. Three investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and sixteen have assigned a buy rating to the company. Walt Disney presently has an average rating of “Hold” and an average price target of $112.20.
Shares of Walt Disney (DIS) traded up $4.97 during trading hours on Monday, hitting $110.22. The stock had a trading volume of 17,823,900 shares, compared to its average volume of 7,230,888. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 0.42. Walt Disney has a 1-year low of $96.20 and a 1-year high of $116.10. The stock has a market cap of $158,960.33, a PE ratio of 18.47, a P/E/G ratio of 2.24 and a beta of 1.38.
A number of institutional investors and hedge funds have recently modified their holdings of DIS. Lee Financial Co grew its stake in shares of Walt Disney by 7.6% in the second quarter. Lee Financial Co now owns 1,052 shares of the entertainment giant’s stock worth $112,000 after purchasing an additional 74 shares in the last quarter. Legacy Advisors LLC bought a new position in Walt Disney during the third quarter valued at about $137,000. Malaga Cove Capital LLC bought a new position in Walt Disney during the third quarter valued at about $140,000. Wealthcare Advisory Partners LLC bought a new position in Walt Disney during the third quarter valued at about $142,000. Finally, Sumitomo Mitsui Financial Group Inc. bought a new position in Walt Disney during the first quarter valued at about $144,000. Hedge funds and other institutional investors own 61.51% of the company’s stock.
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About Walt Disney
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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