Morgan Stanley Cuts Walt Disney Company (The) (DIS) Price Target to $120.00

Walt Disney Company (The) (NYSE:DIS) had its price target cut by Morgan Stanley from $130.00 to $120.00 in a research report sent to investors on Tuesday. They currently have an overweight rating on the entertainment giant’s stock.

Other analysts also recently issued research reports about the stock. BMO Capital Markets reissued an underperform rating and set a $90.00 target price (down previously from $95.00) on shares of Walt Disney Company (The) in a research report on Thursday, August 10th. FBR & Co reissued a hold rating and set a $97.00 target price on shares of Walt Disney Company (The) in a research report on Friday, September 8th. BidaskClub downgraded shares of Walt Disney Company (The) from a buy rating to a hold rating in a research report on Wednesday, August 9th. Guggenheim restated a buy rating and set a $122.00 price objective (down from $128.00) on shares of Walt Disney Company (The) in a research note on Wednesday, July 12th. Finally, Credit Suisse Group restated an outperform rating and set a $125.00 price objective on shares of Walt Disney Company (The) in a research note on Tuesday, July 25th. Four equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of $113.40.

Walt Disney Company (DIS) traded down $0.78 during trading hours on Tuesday, reaching $98.25. 90,102 shares of the company’s stock traded hands, compared to its average volume of 6,386,770. The company has a market cap of $151.80 billion, a PE ratio of 17.16, a P/E/G ratio of 2.12 and a beta of 1.37. The company has a current ratio of 1.00, a quick ratio of 0.93 and a debt-to-equity ratio of 0.41.

Walt Disney Company (The) (NYSE:DIS) last released its earnings results on Tuesday, August 8th. The entertainment giant reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.05. The company 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%. Walt Disney Company (The)’s revenue was down .3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.62 EPS. analysts predict that Walt Disney Company will post 5.75 EPS for the current year.

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In related news, Director Maria Elena Lagomasino bought 976 shares of the firm’s stock in a transaction on Thursday, August 10th. The shares were bought at an average price of $102.34 per share, with a total value of $99,883.84. Following the completion of the transaction, the director now directly owns 7,513 shares of the company’s stock, valued at approximately $768,880.42. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.38% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. HM Capital Management LLC lifted its position in Walt Disney Company (The) by 0.5% in the first quarter. HM Capital Management LLC now owns 2,690 shares of the entertainment giant’s stock valued at $305,000 after buying an additional 14 shares during the last quarter. Tdam USA Inc. lifted its position in Walt Disney Company (The) by 4.1% in the second quarter. Tdam USA Inc. now owns 195,498 shares of the entertainment giant’s stock valued at $20,666,000 after buying an additional 7,785 shares during the last quarter. State Treasurer State of Michigan lifted its position in Walt Disney Company (The) by 73.3% in the first quarter. State Treasurer State of Michigan now owns 1,355,053 shares of the entertainment giant’s stock valued at $153,649,000 after buying an additional 573,000 shares during the last quarter. Mutual of America Capital Management LLC lifted its position in Walt Disney Company (The) by 1.4% in the first quarter. Mutual of America Capital Management LLC now owns 175,248 shares of the entertainment giant’s stock valued at $19,871,000 after buying an additional 2,351 shares during the last quarter. Finally, Connecticut Wealth Management LLC lifted its position in Walt Disney Company (The) by 1.4% in the second quarter. Connecticut Wealth Management LLC now owns 3,038 shares of the entertainment giant’s stock valued at $315,000 after buying an additional 42 shares during the last quarter. 61.41% of the stock is currently owned by institutional investors.

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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