Loop Capital Reiterates “Hold” Rating for Walt Disney Company (The) (DIS)

Walt Disney Company (The) (NYSE:DIS)‘s stock had its “hold” rating restated by investment analysts at Loop Capital in a report issued on Friday, May 12th. They presently have a $117.00 price objective on the entertainment giant’s stock. Loop Capital’s target price indicates a potential upside of 10.89% from the stock’s current price.

DIS has been the topic of several other research reports. Vetr upgraded Walt Disney Company (The) from a “hold” rating to a “buy” rating and set a $112.99 price objective on the stock in a research note on Thursday, January 12th. Deutsche Bank AG restated a “buy” rating and set a $112.00 target price on shares of Walt Disney Company (The) in a research report on Wednesday, February 8th. Piper Jaffray Companies set a $130.00 target price on Walt Disney Company (The) and gave the stock a “buy” rating in a research report on Friday, January 27th. Morgan Stanley upgraded Walt Disney Company (The) from an “equal weight” rating to an “overweight” rating and set a $124.00 target price on the stock in a research report on Monday, January 30th. Finally, Guggenheim upgraded Walt Disney Company (The) from a “neutral” rating to a “buy” rating and set a $128.00 price objective on the stock in a research report on Tuesday, March 14th. Five equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eighteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $116.49.

Analyst Recommendations for Walt Disney Company (The) (NYSE:DIS)

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 stock’s 50 day moving average is $108.52 and its 200-day moving average is $109.02. 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.

Walt Disney Company (The) (NYSE:DIS) last released its earnings results on Tuesday, May 9th. The entertainment giant reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.05. The company 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%. Walt Disney Company (The)’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.36 earnings per share. 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 other news, Chairman Robert A. Iger sold 797,578 shares of the business’s stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $105.09, for a total value of $83,817,472.02. Following the sale, the chairman now directly owns 1,566,484 shares in the company, valued at approximately $164,621,803.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Susan E. Arnold sold 12,143 shares of the company’s stock in a transaction dated Thursday, May 11th. The shares were sold at an average price of $109.02, for a total transaction of $1,323,829.86. Following the transaction, the director now owns 48,673 shares in the company, valued at $5,306,330.46. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 811,721 shares of company stock worth $85,370,302. Insiders own 0.38% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. Fox Run Management L.L.C. purchased a new position in shares of Walt Disney Company (The) during the first quarter valued at approximately $1,270,000. HighPoint Advisor Group LLC increased its position in shares of Walt Disney Company (The) by 0.3% in the third quarter. HighPoint Advisor Group LLC now owns 27,803 shares of the entertainment giant’s stock worth $2,763,000 after buying an additional 75 shares in the last quarter. Triangle Securities Wealth Management increased its position in shares of Walt Disney Company (The) by 0.5% in the first quarter. Triangle Securities Wealth Management now owns 28,049 shares of the entertainment giant’s stock worth $3,180,000 after buying an additional 135 shares in the last quarter. Kentucky Retirement Systems bought a new position in shares of Walt Disney Company (The) during the fourth quarter worth approximately $11,073,000. Finally, Davidson Kempner Capital Management LP bought a new position in shares of Walt Disney Company (The) during the fourth quarter worth approximately $20,844,000. Institutional investors own 63.74% of the company’s stock.

Walt Disney Company (The) 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.

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