Walt Disney Company (The) (DIS) Earns “Underperform” Rating from BMO Capital Markets

BMO Capital Markets reissued their underperform rating on shares of Walt Disney Company (The) (NYSE:DIS) in a research report report published on Friday, May 12th. They currently have a $95.00 price target on the entertainment giant’s stock.

A number of other brokerages have also commented on DIS. Goldman Sachs Group, Inc. (The) reissued a conviction-buy rating and set a $138.00 price objective on shares of Walt Disney Company (The) in a report on Wednesday, April 26th. Pivotal Research reaffirmed a sell rating and issued a $85.00 target price on shares of Walt Disney Company (The) in a report on Sunday, April 23rd. Loop Capital lowered Walt Disney Company (The) from a buy rating to a hold rating and reduced their target price for the company from $115.00 to $114.44 in a report on Monday, April 24th. Morgan Stanley upped their price objective on Walt Disney Company (The) from $124.00 to $130.00 and gave the company an overweight rating in a research note on Thursday, April 20th. Finally, Needham & Company LLC reiterated a hold rating on shares of Walt Disney Company (The) in a research note on Tuesday, April 25th. Five analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eighteen have assigned a buy rating to the company. Walt Disney Company (The) has a consensus rating of Hold and a consensus price target of $116.49.

Walt Disney Company (NYSE DIS) traded down 0.44% during trading on Friday, reaching $105.51. The company’s stock had a trading volume of 8,683,368 shares. The firm has a market cap of $165.11 billion, a P/E ratio of 18.40 and a beta of 1.39. Walt Disney Company has a 52 week low of $90.32 and a 52 week high of $116.10. The stock’s 50 day moving average is $108.52 and its 200-day moving average is $109.02.

Walt Disney Company (The) (NYSE:DIS) last issued its earnings results on Tuesday, May 9th. The entertainment giant reported $1.50 EPS for the quarter, beating analysts’ consensus estimates of $1.45 by $0.05. The business had revenue of $13.34 billion during the quarter, compared to analyst estimates of $13.44 billion. Walt Disney Company (The) had a return on equity of 19.81% and a net margin of 16.63%. The firm’s revenue was up 2.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.36 EPS. On average, equities research analysts forecast that Walt Disney Company will post $5.95 earnings per share for the current fiscal year.

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In related news, EVP Brent Woodford sold 2,000 shares of the stock in a transaction that occurred on Tuesday, April 18th. The shares were sold at an average price of $114.50, for a total transaction of $229,000.00. Following the completion of the sale, the executive vice president now owns 27,745 shares of the company’s stock, valued at $3,176,802.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Robert A. Iger sold 797,578 shares of the stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $105.09, for a total transaction of $83,817,472.02. Following the sale, the chairman now directly owns 1,566,484 shares of the company’s stock, valued at approximately $164,621,803.56. The disclosure for this sale can be found here. Insiders have sold 811,721 shares of company stock valued at $85,370,302 in the last three months. 0.38% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Cornerstone Advisors Inc. boosted its position in Walt Disney Company (The) by 307.3% in the third quarter. Cornerstone Advisors Inc. now owns 5,502 shares of the entertainment giant’s stock worth $511,000 after buying an additional 4,151 shares in the last quarter. Papp L Roy & Associates boosted its position in Walt Disney Company (The) by 5.5% in the third quarter. Papp L Roy & Associates now owns 86,837 shares of the entertainment giant’s stock worth $8,064,000 after buying an additional 4,519 shares in the last quarter. Integrated Wealth Management boosted its position in Walt Disney Company (The) by 0.3% in the third quarter. Integrated Wealth Management now owns 16,341 shares of the entertainment giant’s stock worth $1,517,000 after buying an additional 52 shares in the last quarter. West Coast Financial LLC boosted its position in Walt Disney Company (The) by 6.9% in the third quarter. West Coast Financial LLC now owns 3,298 shares of the entertainment giant’s stock worth $306,000 after buying an additional 213 shares in the last quarter. Finally, Rathbone Brothers plc boosted its position in Walt Disney Company (The) by 1.4% in the third quarter. Rathbone Brothers plc now owns 246,637 shares of the entertainment giant’s stock worth $22,903,000 after buying an additional 3,331 shares in the last quarter. 63.74% of the stock is owned by institutional investors and hedge funds.

About Walt Disney Company (The)

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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