Walt Disney (DIS) Stock Rating Lowered by Vetr

Walt Disney (NYSE:DIS) was downgraded by stock analysts at Vetr from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Tuesday. They currently have a $115.49 price objective on the entertainment giant’s stock. Vetr‘s price objective would indicate a potential upside of 8.78% from the stock’s current price.

Other equities analysts have also recently issued research reports about the stock. B. Riley reiterated a “neutral” rating on shares of Walt Disney in a research report on Wednesday, November 1st. Bank of America reiterated a “buy” rating and set a $144.00 price target (up previously from $130.00) on shares of Walt Disney in a research report on Wednesday, January 10th. Macquarie set a $125.00 price target on shares of Walt Disney and gave the company a “buy” rating in a research report on Tuesday. Jefferies Group restated a “hold” rating and issued a $103.77 price objective (up previously from $102.68) on shares of Walt Disney in a report on Friday, November 10th. Finally, Rosenblatt Securities upgraded shares of Walt Disney from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $115.00 to $130.00 in a report on Wednesday, January 3rd. Four research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Walt Disney presently has an average rating of “Hold” and an average target price of $117.91.

Shares of Walt Disney (NYSE DIS) traded up $1.47 during midday trading on Tuesday, hitting $106.17. 17,688,210 shares of the company traded hands, compared to its average volume of 7,680,000. Walt Disney has a one year low of $96.20 and a one year 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 stock has a market capitalization of $160,350.00, a PE ratio of 18.69, a P/E/G ratio of 1.89 and a beta of 1.30.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Tuesday, February 6th. The entertainment giant reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.28. Walt Disney had a net margin of 16.29% and a return on equity of 19.66%. The company had revenue of $15.35 billion for the quarter, compared to analysts’ expectations of $15.47 billion. During the same quarter in the previous year, the company earned $1.55 earnings per share. Walt Disney’s quarterly revenue was up 3.8% on a year-over-year basis. equities analysts anticipate that Walt Disney will post 6.46 EPS for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the company. Lowe FS raised its position in Walt Disney by 4.5% in the third quarter. Lowe FS now owns 368 shares of the entertainment giant’s stock worth $38,000 after acquiring an additional 16 shares during the period. Balentine LLC raised its position in Walt Disney by 365.8% in the second quarter. Balentine LLC now owns 1,076 shares of the entertainment giant’s stock worth $105,000 after acquiring an additional 845 shares during the period. Thomas J. Herzfeld Advisors Inc. bought a new position in Walt Disney in the fourth quarter worth approximately $110,000. Lombard Odier Transatlantic Limited Partnership raised its position in Walt Disney by 71.4% in the third quarter. Lombard Odier Transatlantic Limited Partnership now owns 1,200 shares of the entertainment giant’s stock worth $111,000 after acquiring an additional 500 shares during the period. Finally, Lee Financial Co raised its position in 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 acquiring an additional 74 shares during the period. Hedge funds and other institutional investors own 61.58% 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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Walt Disney (NYSE:DIS)

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