Walt Disney Company (The)’s (DIS) “Buy” Rating Reaffirmed at Citigroup Inc.

Citigroup Inc. reaffirmed their buy rating on shares of Walt Disney Company (The) (NYSE:DIS) in a research note released on Wednesday morning. The brokerage currently has a $119.00 price target on the entertainment giant’s stock.

Several other research firms have also recently issued reports on DIS. Guggenheim reissued a buy rating and issued a $122.00 price target on shares of Walt Disney Company (The) in a research note on Tuesday, September 5th. Jefferies Group LLC reissued a hold rating and issued a $103.00 price target (down previously from $110.00) on shares of Walt Disney Company (The) in a research note on Friday, October 6th. BidaskClub cut Walt Disney Company (The) from a buy rating to a hold rating in a research note on Wednesday, August 9th. BTIG Research reissued a sell rating on shares of Walt Disney Company (The) in a research note on Monday, September 25th. Finally, Sanford C. Bernstein reaffirmed a market perform rating on shares of Walt Disney Company (The) in a research note on Tuesday, September 12th. Four 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 stock. The company currently has an average rating of Hold and an average price target of $113.40.

Walt Disney Company (NYSE:DIS) opened at $98.64 on Wednesday. Walt Disney Company has a 52 week low of $92.11 and a 52 week high of $116.10. The stock has a market capitalization of $152,248.95, a price-to-earnings ratio of 17.21, a PEG ratio of 2.12 and a beta of 1.37. The company has a quick ratio of 0.93, a current ratio of 1.00 and a debt-to-equity ratio of 0.41.

Walt Disney Company (The) (NYSE:DIS) last released its quarterly earnings results on Tuesday, August 8th. The entertainment giant reported $1.58 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.53 by $0.05. Walt Disney Company (The) had a return on equity of 19.69% and a net margin of 16.22%. The company had revenue of $14.24 billion during the quarter, compared to analysts’ expectations of $14.44 billion. During the same quarter in the prior year, the business posted $1.62 earnings per share. The company’s revenue for the quarter was down .3% compared to the same quarter last year. research analysts expect that Walt Disney Company will post 5.76 EPS for the current year.

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

Several hedge funds and other institutional investors have recently modified their holdings of the company. Livingston Group Asset Management CO operating as Southport Capital Management grew its holdings in Walt Disney Company (The) by 2.2% in the 1st quarter. Livingston Group Asset Management CO operating as Southport Capital Management now owns 12,808 shares of the entertainment giant’s stock valued at $1,452,000 after buying an additional 272 shares during the last quarter. ST Germain D J Co. Inc. grew its holdings in Walt Disney Company (The) by 9.0% in the 1st quarter. ST Germain D J Co. Inc. now owns 9,788 shares of the entertainment giant’s stock valued at $1,110,000 after buying an additional 808 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in Walt Disney Company (The) by 3.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 351,669 shares of the entertainment giant’s stock valued at $39,876,000 after buying an additional 12,582 shares during the last quarter. Polaris Greystone Financial Group LLC grew its holdings in Walt Disney Company (The) by 2.2% in the 1st quarter. Polaris Greystone Financial Group LLC now owns 178,350 shares of the entertainment giant’s stock valued at $20,223,000 after buying an additional 3,807 shares during the last quarter. Finally, 1ST Source Bank grew its holdings in Walt Disney Company (The) by 0.4% in the 1st quarter. 1ST Source Bank now owns 92,219 shares of the entertainment giant’s stock valued at $10,457,000 after buying an additional 362 shares during the last quarter. 61.41% of the stock is currently owned by institutional investors and hedge funds.

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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