Walt Disney Company (The) (NYSE:DIS) Given Hold Rating at Cowen and Company

Walt Disney Company (The) (NYSE:DIS)‘s stock had its “hold” rating reissued by equities research analysts at Cowen and Company in a report released on Thursday. They presently have a $95.00 price target on the entertainment giant’s stock. Cowen and Company’s price objective would indicate a potential downside of 6.85% from the stock’s previous close.

A number of other research analysts also recently commented on the stock. Goldman Sachs Group, Inc. (The) set a $134.00 target price on shares of Walt Disney Company (The) and gave the company a “buy” rating in a research report on Saturday, May 20th. Macquarie downgraded shares of Walt Disney Company (The) from an “outperform” rating to a “neutral” rating and lifted their price objective for the stock from $90.32 to $105.00 in a research report on Wednesday, May 17th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $125.00 price objective (down previously from $130.00) on shares of Walt Disney Company (The) in a research report on Monday, May 15th. Zacks Investment Research downgraded shares of Walt Disney Company (The) from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Finally, Rosenblatt Securities lifted their price objective on shares of Walt Disney Company (The) from $120.00 to $125.00 and gave the stock a “neutral” rating in a research report on Monday, May 8th. Five 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 company has a consensus rating of “Hold” and a consensus target price of $115.19.

Walt Disney Company (DIS) opened at 101.99 on Thursday. The stock has a market cap of $157.42 billion, a PE ratio of 18.09 and a beta of 1.40. Walt Disney Company has a 12 month low of $90.32 and a 12 month high of $116.10. The company’s 50 day moving average is $106.08 and its 200 day moving average is $109.24.

Walt Disney Company (The) (NYSE:DIS) last posted its earnings results on Tuesday, August 8th. The entertainment giant reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.53 by $0.05. The business had revenue of $14.24 billion for the quarter, compared to the consensus estimate of $14.44 billion. Walt Disney Company (The) had a net margin of 16.22% and a return on equity of 19.69%. The company’s revenue for the quarter was down .3% on a year-over-year basis. During the same quarter last year, the firm posted $1.62 EPS. On average, analysts anticipate that Walt Disney Company will post $5.90 EPS for the current fiscal year.

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In other Walt Disney Company (The) news, Director Maria Elena Lagomasino bought 976 shares of the company’s stock in a transaction dated Thursday, August 10th. The stock was acquired at an average price of $102.34 per share, with a total value of $99,883.84. Following the completion of the acquisition, the director now directly owns 7,513 shares of the company’s stock, valued at $768,880.42. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Robert A. Iger sold 797,578 shares of the company’s stock in a transaction on Friday, June 9th. The stock was 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. 0.38% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in DIS. Vanguard Group Inc. boosted its position in shares of Walt Disney Company (The) by 2.2% in the second quarter. Vanguard Group Inc. now owns 98,803,049 shares of the entertainment giant’s stock valued at $10,497,824,000 after buying an additional 2,131,932 shares during the last quarter. State Street Corp boosted its position in shares of Walt Disney Company (The) by 0.7% in the first quarter. State Street Corp now owns 67,739,871 shares of the entertainment giant’s stock valued at $7,681,023,000 after buying an additional 456,053 shares during the last quarter. Northern Trust Corp boosted its position in shares of Walt Disney Company (The) by 2.5% in the second quarter. Northern Trust Corp now owns 20,462,287 shares of the entertainment giant’s stock valued at $2,174,118,000 after buying an additional 500,349 shares during the last quarter. Norges Bank purchased a new position in shares of Walt Disney Company (The) during the fourth quarter valued at $1,507,183,000. Finally, Fisher Asset Management LLC boosted its position in shares of Walt Disney Company (The) by 1.2% in the first quarter. Fisher Asset Management LLC now owns 8,846,672 shares of the entertainment giant’s stock valued at $1,003,124,000 after buying an additional 101,808 shares during the last quarter. 62.42% of the stock is currently owned by hedge funds and other institutional investors.

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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