Walt Disney (NYSE:DIS) was downgraded by research analysts at Edward Jones from a “buy” rating to a “hold” rating in a research report issued on Friday, The Fly reports.
Several other equities research analysts also recently weighed in on DIS. Goldman Sachs Group set a $119.00 target price on shares of Walt Disney and gave the stock a “buy” rating in a research note on Saturday, August 19th. Vetr downgraded shares of Walt Disney from a “buy” rating to a “hold” rating and set a $103.55 price objective for the company. in a research report on Monday, August 21st. Piper Jaffray Companies set a $130.00 price objective on shares of Walt Disney and gave the company a “buy” rating in a research report on Tuesday, August 22nd. Loop Capital restated a “hold” rating and issued a $106.00 price objective (down previously from $107.00) on shares of Walt Disney in a research report on Thursday, August 31st. Finally, Wells Fargo & Company upgraded shares of Walt Disney from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $109.00 to $116.00 in a research report on Tuesday, September 5th. Three equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and seventeen have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $113.44.
Shares of Walt Disney (NYSE:DIS) traded up $0.40 on Friday, hitting $110.97. 6,522,990 shares of the stock traded hands, compared to its average volume of 7,369,209. Walt Disney has a twelve month low of $96.20 and a twelve month high of $116.10. The firm has a market capitalization of $162,524.66, a P/E ratio of 18.88, a price-to-earnings-growth ratio of 2.29 and a beta of 1.38. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 0.42.
A number of institutional investors have recently modified their holdings of the business. Lee Financial Co increased its stake in shares of Walt Disney by 7.6% during the 2nd 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 purchased a new position in shares of Walt Disney during the 3rd quarter worth approximately $137,000. Malaga Cove Capital LLC purchased a new position in shares of Walt Disney during the 3rd quarter worth approximately $140,000. Wealthcare Advisory Partners LLC purchased a new position in shares of Walt Disney during the 3rd quarter worth approximately $142,000. Finally, Sumitomo Mitsui Financial Group Inc. purchased a new position in shares of Walt Disney during the 1st quarter worth approximately $144,000. 61.51% of the stock is owned by institutional investors.
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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.
