Walt Disney (NYSE:DIS) was upgraded by equities researchers at Rosenblatt Securities from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Wednesday, Marketbeat reports. The firm currently has a $130.00 price target on the entertainment giant’s stock. Rosenblatt Securities’ target price would suggest a potential upside of 16.13% from the stock’s previous close.

Several other equities analysts have also weighed in on DIS. B. Riley reaffirmed a “neutral” rating on shares of Walt Disney in a report on Wednesday, November 1st. Royal Bank of Canada lifted their price target on shares of Walt Disney to $135.00 and gave the company a “top pick” rating in a research note on Wednesday. Zacks Investment Research raised shares of Walt Disney from a “sell” rating to a “hold” rating in a research note on Tuesday. Vetr cut shares of Walt Disney from a “buy” rating to a “hold” rating and set a $113.39 price target on the stock. in a research note on Wednesday. Finally, Citigroup reissued a “neutral” rating on shares of Walt Disney in a research note on Thursday, September 28th. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. Walt Disney has an average rating of “Hold” and an average target price of $114.57.

Walt Disney (NYSE:DIS) traded up $0.14 during trading hours on Wednesday, hitting $111.94. 5,166,439 shares of the stock traded hands, compared to its average volume of 9,220,000. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.74 and a current ratio of 0.81. The stock has a market cap of $169,050.00, a price-to-earnings ratio of 19.71, a price-to-earnings-growth ratio of 2.29 and a beta of 1.38. Walt Disney has a 52-week low of $96.20 and a 52-week high of $116.10.

Walt Disney (NYSE:DIS) last posted its earnings results on Thursday, November 9th. The entertainment giant reported $1.07 earnings per share for the quarter, missing the consensus estimate of $1.12 by ($0.05). The firm had revenue of $12.78 billion for the quarter, compared to analysts’ expectations of $13.30 billion. Walt Disney had a net margin of 16.29% and a return on equity of 19.66%. Walt Disney’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same period last year, the firm earned $1.10 earnings per share. equities research analysts forecast that Walt Disney will post 6.23 EPS for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of DIS. Amalgamated Bank increased its stake in Walt Disney by 49.8% during the second quarter. Amalgamated Bank now owns 180,632 shares of the entertainment giant’s stock worth $19,192,000 after purchasing an additional 60,088 shares during the period. Tdam USA Inc. grew its position in shares of Walt Disney by 4.1% during the second quarter. Tdam USA Inc. now owns 195,498 shares of the entertainment giant’s stock worth $20,666,000 after buying an additional 7,785 shares in the last quarter. Walter & Keenan Financial Consulting Co. MI ADV grew its position in shares of Walt Disney by 7.9% during the second quarter. Walter & Keenan Financial Consulting Co. MI ADV now owns 24,719 shares of the entertainment giant’s stock worth $2,626,000 after buying an additional 1,800 shares in the last quarter. Connecticut Wealth Management LLC grew its position in shares of Walt Disney by 1.4% during the second quarter. Connecticut Wealth Management LLC now owns 3,038 shares of the entertainment giant’s stock worth $315,000 after buying an additional 42 shares in the last quarter. Finally, Riverpark Capital Management LLC grew its position in shares of Walt Disney by 15.2% during the second quarter. Riverpark Capital Management LLC now owns 301,225 shares of the entertainment giant’s stock worth $32,005,000 after buying an additional 39,822 shares in the last quarter. Hedge funds and other institutional investors own 61.51% of the company’s stock.

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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.

Analyst Recommendations for Walt Disney (NYSE:DIS)

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