Pivotal Research Boosts Walt Disney (DIS) Price Target to $91.00
Walt Disney (NYSE:DIS) had its target price upped by research analysts at Pivotal Research from $83.00 to $91.00 in a note issued to investors on Thursday. The brokerage currently has a “sell” rating on the entertainment giant’s stock. Pivotal Research’s price objective would indicate a potential downside of 15.44% from the stock’s current price.
A number of other research analysts also recently issued reports on the stock. Guggenheim restated a “buy” rating and set a $122.00 target price on shares of Walt Disney in a research report on Tuesday, September 5th. Jefferies Group restated a “hold” rating and set a $103.00 target price (down from $110.00) on shares of Walt Disney in a research report on Friday, October 6th. BTIG Research restated a “sell” rating on shares of Walt Disney in a research report on Monday, September 25th. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Walt Disney in a research note on Tuesday, September 12th. Finally, Morgan Stanley lowered their price target on Walt Disney from $130.00 to $120.00 and set an “overweight” rating for the company in a research note on Tuesday, October 31st. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and seventeen have assigned a buy rating to the stock. Walt Disney has an average rating of “Hold” and a consensus price target of $112.64.
Shares of Walt Disney (NYSE:DIS) traded up $0.18 during trading hours on Thursday, hitting $107.61. 10,368,200 shares of the stock traded hands, compared to its average volume of 7,285,033. Walt Disney has a 52 week low of $96.20 and a 52 week high of $116.10. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.81 and a quick ratio of 0.74. The firm has a market cap of $162,109.33, a P/E ratio of 18.83, a PEG ratio of 2.29 and a beta of 1.38.
Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Thursday, November 9th. The entertainment giant reported $1.07 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.12 by ($0.05). The company had revenue of $12.78 billion for the quarter, compared to analyst estimates of $13.30 billion. Walt Disney had a return on equity of 19.66% and a net margin of 16.29%. The firm’s quarterly revenue was down 2.8% on a year-over-year basis. During the same quarter last year, the company earned $1.10 EPS. equities research analysts predict that Walt Disney will post 6.23 earnings per share for the current fiscal year.
Institutional investors have recently added to or reduced their stakes in the business. Tortoise Investment Management LLC increased its stake in Walt Disney by 0.6% in the 2nd quarter. Tortoise Investment Management LLC now owns 2,269 shares of the entertainment giant’s stock worth $241,000 after acquiring an additional 14 shares during the last quarter. Burt Wealth Advisors increased its position in shares of Walt Disney by 0.5% during the 2nd quarter. Burt Wealth Advisors now owns 3,182 shares of the entertainment giant’s stock valued at $338,000 after purchasing an additional 15 shares during the last quarter. Sonata Capital Group Inc. increased its position in shares of Walt Disney by 0.7% during the 2nd quarter. Sonata Capital Group Inc. now owns 2,732 shares of the entertainment giant’s stock valued at $290,000 after purchasing an additional 20 shares during the last quarter. Leisure Capital Management grew its position in Walt Disney by 0.5% during the 2nd quarter. Leisure Capital Management now owns 4,449 shares of the entertainment giant’s stock worth $473,000 after acquiring an additional 20 shares during the last quarter. Finally, First Capital Advisors Group LLC. grew its position in Walt Disney by 0.4% during the 2nd quarter. First Capital Advisors Group LLC. now owns 6,515 shares of the entertainment giant’s stock worth $692,000 after acquiring an additional 24 shares during the last quarter. Hedge funds and other institutional investors own 61.51% of the company’s stock.
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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