Walt Disney (DIS) Lowered to Hold at Vetr

Vetr downgraded shares of Walt Disney (NYSE:DIS) from a buy rating to a hold rating in a report issued on Wednesday. Vetr currently has $113.39 price objective on the entertainment giant’s stock.

DIS has been the topic of several other research reports. Zacks Investment Research raised Walt Disney from a sell rating to a hold rating in a research note on Friday, November 3rd. Edward Jones downgraded Walt Disney from a buy rating to a hold rating in a research note on Friday, December 15th. Wells Fargo & Co reaffirmed a buy rating and set a $135.00 price objective on shares of Walt Disney in a research note on Friday, December 15th. Barclays dropped their price objective on Walt Disney from $98.00 to $94.00 and set an equal weight rating on the stock in a research note on Friday, October 13th. Finally, B. Riley reaffirmed a hold rating and set a $101.00 price objective (up previously from $97.00) on shares of Walt Disney in a research note on Friday, November 10th. Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of $114.91.

Walt Disney (NYSE DIS) traded down $0.05 during trading hours on Wednesday, hitting $112.23. The stock had a trading volume of 7,416,900 shares, compared to its average volume of 9,223,033. Walt Disney has a 1-year low of $96.20 and a 1-year high of $116.10. 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 cap of $168,080.00, a price-to-earnings ratio of 19.76, a P/E/G ratio of 2.39 and a beta of 1.38.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Thursday, November 9th. The entertainment giant reported $1.07 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.12 by ($0.05). The company had revenue of $12.78 billion during the quarter, compared to the consensus estimate of $13.30 billion. Walt Disney had a return on equity of 19.66% and a net margin of 16.29%. The firm’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.10 earnings per share. sell-side analysts predict that Walt Disney will post 6.23 earnings per share for the current year.

The firm also recently declared a Semi-Annual dividend, which will be paid on Thursday, January 11th. Investors of record on Monday, December 11th will be issued a dividend of $0.84 per share. The ex-dividend date of this dividend is Friday, December 8th. Walt Disney’s payout ratio is currently 29.58%.

Institutional investors have recently bought and sold shares of the stock. Lee Financial Co boosted its holdings in shares of 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 acquiring an additional 74 shares during the period. Legacy Advisors LLC bought a new stake in shares of Walt Disney during the third quarter worth approximately $137,000. Malaga Cove Capital LLC bought a new stake in shares of Walt Disney during the third quarter worth approximately $140,000. Wealthcare Advisory Partners LLC bought a new stake in shares of Walt Disney during the third quarter worth approximately $142,000. Finally, Sumitomo Mitsui Financial Group Inc. bought a new stake in shares of Walt Disney during the first quarter worth approximately $144,000. Institutional investors and hedge funds own 61.51% of the company’s stock.

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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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