Piper Jaffray Companies Reiterates Buy Rating for Walt Disney Co (DIS)

Walt Disney Co (NYSE:DIS)‘s stock had its “buy” rating reiterated by Piper Jaffray Companies in a research report issued to clients and investors on Wednesday. They presently have a $120.00 price objective on the entertainment giant’s stock. Piper Jaffray Companies’ price target would suggest a potential upside of 16.80% from the stock’s previous close.

DIS has been the subject of several other reports. Zacks Investment Research upgraded Walt Disney from a “sell” rating to a “hold” rating in a research note on Friday, November 3rd. Vetr upgraded Walt Disney from a “buy” rating to a “strong-buy” rating and set a $110.51 price objective for the company in a research note on Wednesday, October 11th. Barclays PLC dropped their price objective on Walt Disney from $98.00 to $94.00 and set an “equal weight” rating for the company in a research note on Friday, October 13th. B. Riley reiterated a “hold” rating and set a $101.00 price objective (up from $97.00) on shares of Walt Disney in a research note on Friday, November 10th. Finally, Loop Capital reiterated a “hold” rating and set a $104.00 price objective (down from $106.00) on shares of Walt Disney in a research note on Friday, September 8th. Three investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and eighteen have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $112.56.

Walt Disney (NYSE:DIS) opened at $102.74 on Wednesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.81 and a quick ratio of 0.74. The company has a market capitalization of $158,978.53, a price-to-earnings ratio of 18.07, a P/E/G ratio of 2.19 and a beta of 1.37. Walt Disney has a 12 month low of $96.20 and a 12 month high of $116.10.

Walt Disney (NYSE:DIS) last issued its earnings results on Thursday, November 9th. The entertainment giant reported $1.07 EPS for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.05). Walt Disney had a net margin of 16.29% and a return on equity of 19.66%. The firm had revenue of $12.78 billion during the quarter, compared to analyst estimates of $13.30 billion. During the same quarter in the previous year, the company posted $1.10 earnings per share. The business’s revenue for the quarter was down 2.8% compared to the same quarter last year. research analysts predict that Walt Disney will post 6.24 EPS for the current fiscal year.

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A number of institutional investors have recently bought and sold shares of the stock. Lee Financial Co boosted its holdings in Walt Disney by 7.6% during 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. Legacy Advisors LLC bought a new position in Walt Disney during the third quarter worth about $137,000. Malaga Cove Capital LLC bought a new position in Walt Disney during the third quarter worth about $140,000. Wealthcare Advisory Partners LLC bought a new position in Walt Disney during the third quarter worth about $142,000. Finally, Sumitomo Mitsui Financial Group Inc. acquired a new stake in shares of Walt Disney during the first quarter worth about $144,000. Institutional investors and hedge funds own 60.40% of the company’s stock.

About Walt Disney

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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