Walt Disney Company (The) (DIS) Rating Increased to Hold at BidaskClub

Walt Disney Company (The) (NYSE:DIS) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a report issued on Monday, July 24th.

A number of other equities research analysts also recently commented on DIS. Goldman Sachs Group, Inc. (The) reissued a “conviction-buy” rating and issued a $138.00 target price on shares of Walt Disney Company (The) in a report on Wednesday, April 26th. Loop Capital downgraded Walt Disney Company (The) from a “buy” rating to a “hold” rating and cut their price target for the stock from $115.00 to $114.44 in a research note on Monday, April 24th. Pivotal Research reaffirmed a “sell” rating and set a $85.00 price target on shares of Walt Disney Company (The) in a research note on Sunday, April 23rd. Morgan Stanley lifted their price target on Walt Disney Company (The) from $124.00 to $130.00 and gave the stock an “overweight” rating in a research note on Thursday, April 20th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Walt Disney Company (The) in a research note on Tuesday, April 25th. Five investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and seventeen have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $115.16.

Walt Disney Company (NYSE DIS) opened at 100.70 on Monday. The company has a 50 day moving average of $105.49 and a 200 day moving average of $108.98. The firm has a market capitalization of $155.43 billion, a PE ratio of 17.86 and a beta of 1.40. Walt Disney Company has a 1-year low of $90.32 and a 1-year high of $116.10.

Walt Disney Company (The) (NYSE:DIS) last posted its quarterly earnings data on Tuesday, August 8th. The entertainment giant reported $1.58 earnings per share for the quarter, beating analysts’ consensus estimates of $1.53 by $0.05. Walt Disney Company (The) had a net margin of 16.22% and a return on equity of 19.69%. The firm had revenue of $14.24 billion for the quarter, compared to analyst estimates of $14.44 billion. During the same period last year, the firm posted $1.62 EPS. Walt Disney Company (The)’s quarterly revenue was down .3% on a year-over-year basis. Analysts forecast that Walt Disney Company will post $5.88 EPS for the current year.

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In other Walt Disney Company (The) news, Director Maria Elena Lagomasino bought 976 shares of the business’s stock in a transaction on Thursday, August 10th. The shares were bought at an average cost of $102.34 per share, with a total value of $99,883.84. Following the transaction, the director now directly owns 7,513 shares in the company, valued at approximately $768,880.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Robert A. Iger sold 797,578 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the chairman now directly owns 1,566,484 shares in the company, valued at $164,621,803.56. The disclosure for this sale can be found here. Corporate insiders own 0.38% of the company’s stock.

Several institutional investors have recently made changes to their positions in DIS. Thomas J. Herzfeld Advisors Inc. acquired a new position in shares of Walt Disney Company (The) during the fourth quarter worth about $110,000. Lee Financial Co raised its position in shares of Walt Disney Company (The) 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 buying an additional 74 shares during the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its position in shares of Walt Disney Company (The) by 7,240.3% in the fourth quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 128,089 shares of the entertainment giant’s stock worth $128,000 after buying an additional 126,344 shares during the last quarter. Sumitomo Mitsui Financial Group Inc. acquired a new position in shares of Walt Disney Company (The) during the first quarter worth about $144,000. Finally, Krilogy Financial LLC raised its stake in Walt Disney Company (The) by 13.2% in the second quarter. Krilogy Financial LLC now owns 1,422 shares of the entertainment giant’s stock valued at $151,000 after buying an additional 166 shares in the last quarter. 62.34% of the stock is currently owned by 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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