Walt Disney Co (NYSE:DIS) – Equities research analysts at Jefferies Group raised their Q1 2018 earnings per share (EPS) estimates for shares of Walt Disney in a report released on Wednesday. Jefferies Group analyst J. Janedis now expects that the entertainment giant will post earnings of $1.64 per share for the quarter, up from their previous forecast of $1.55. Jefferies Group currently has a “Hold” rating and a $103.77 target price on the stock. Jefferies Group also issued estimates for Walt Disney’s Q3 2018 earnings at $1.81 EPS, Q4 2018 earnings at $1.28 EPS and FY2018 earnings at $6.38 EPS.
A number of other equities research analysts have also issued reports on the stock. Vetr raised shares of Walt Disney from a “hold” rating to a “buy” rating and set a $115.53 target price for the company in a research note on Tuesday. Bank of America reissued a “buy” rating and set a $144.00 target price (up previously from $130.00) on shares of Walt Disney in a research note on Wednesday, January 10th. Zacks Investment Research lowered shares of Walt Disney from a “hold” rating to a “sell” rating in a research note on Tuesday, January 9th. Pivotal Research restated a “sell” rating and set a $93.00 price target (up previously from $91.00) on shares of Walt Disney in a report on Tuesday, January 9th. Finally, Rosenblatt Securities upgraded shares of Walt Disney from a “neutral” rating to a “buy” rating and raised their price target for the company from $115.00 to $130.00 in a report on Wednesday, January 3rd. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $116.15.
Walt Disney (NYSE:DIS) last issued its earnings results on Thursday, November 9th. The entertainment giant reported $1.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 net margin of 16.29% and a return on equity of 19.66%. The company’s quarterly revenue was down 2.8% on a year-over-year basis. During the same period last year, the business earned $1.10 EPS.
The company also recently announced a Semi-Annual dividend, which was paid on Thursday, January 11th. Investors of record on Monday, December 11th were issued a $0.84 dividend. The ex-dividend date of this dividend was Friday, December 8th. Walt Disney’s dividend payout ratio (DPR) is presently 29.58%.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Perkins Coie Trust Co increased its holdings in shares of Walt Disney by 2.2% during the 2nd quarter. Perkins Coie Trust Co now owns 28,247 shares of the entertainment giant’s stock worth $3,001,000 after purchasing an additional 596 shares during the period. Evanson Asset Management LLC increased its holdings in shares of Walt Disney by 5.3% during the 2nd quarter. Evanson Asset Management LLC now owns 2,070 shares of the entertainment giant’s stock worth $220,000 after purchasing an additional 104 shares during the period. Koshinski Asset Management Inc. increased its holdings in shares of Walt Disney by 96.9% during the 2nd quarter. Koshinski Asset Management Inc. now owns 15,698 shares of the entertainment giant’s stock worth $1,668,000 after purchasing an additional 7,727 shares during the period. Alta Capital Management LLC increased its holdings in shares of Walt Disney by 32.3% during the 2nd quarter. Alta Capital Management LLC now owns 2,576 shares of the entertainment giant’s stock worth $273,000 after purchasing an additional 629 shares during the period. Finally, Dynamic Advisors Solutions LLC increased its holdings in shares of Walt Disney by 6.5% during the 2nd quarter. Dynamic Advisors Solutions LLC now owns 19,391 shares of the entertainment giant’s stock worth $2,060,000 after purchasing an additional 1,192 shares during the period. Hedge funds and other institutional investors own 61.55% 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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