Walt Disney (DIS) Earns “Sell” Rating from Pivotal Research

Pivotal Research reiterated their sell rating on shares of Walt Disney (NYSE:DIS) in a research report released on Tuesday morning, Marketbeat Ratings reports. Pivotal Research currently has a $93.00 price objective on the entertainment giant’s stock, up from their prior price objective of $91.00.

Several other research firms have also issued reports on DIS. Vetr lowered Walt Disney from a buy rating to a hold rating and set a $113.39 price objective for the company. in a research note on Wednesday, January 3rd. Royal Bank of Canada raised their price objective on Walt Disney to $135.00 and gave the company a top pick rating in a research note on Wednesday, January 3rd. Rosenblatt Securities raised Walt Disney from a neutral rating to a buy rating and raised their price objective for the company from $115.00 to $130.00 in a research note on Wednesday, January 3rd. Zacks Investment Research lowered Walt Disney from a hold rating to a sell rating in a research note on Tuesday, December 19th. Finally, Piper Jaffray Companies set a $125.00 price objective on Walt Disney and gave the company a buy rating in a research note on Friday, December 15th. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $115.77.

Walt Disney (DIS) traded up $1.48 during trading hours on Tuesday, hitting $112.47. The stock had a trading volume of 5,881,100 shares, compared to its average volume of 9,620,000. The company has a market cap of $169,860.00, a price-to-earnings ratio of 19.80, a price-to-earnings-growth ratio of 2.38 and a beta of 1.38. 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.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Thursday, November 9th. The entertainment giant reported $1.07 earnings per share (EPS) for the quarter, missing the 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 net margin of 14.59% and a return on equity of 16.71%. Walt Disney’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.10 earnings per share. analysts expect that Walt Disney will post 6.23 earnings per share for the current year.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DIS. Horizon Investment Services LLC increased its holdings in Walt Disney by 4.8% during the 1st quarter. Horizon Investment Services LLC now owns 16,586 shares of the entertainment giant’s stock worth $1,881,000 after purchasing an additional 754 shares during the period. 10 15 Associates Inc. increased its holdings in Walt Disney by 2.3% during the 1st quarter. 10 15 Associates Inc. now owns 25,651 shares of the entertainment giant’s stock worth $2,908,000 after purchasing an additional 571 shares during the period. IHT Wealth Management LLC increased its holdings in Walt Disney by 2.3% during the 1st quarter. IHT Wealth Management LLC now owns 11,454 shares of the entertainment giant’s stock worth $1,294,000 after purchasing an additional 258 shares during the period. Brighton Jones LLC increased its holdings in Walt Disney by 636.7% during the 1st quarter. Brighton Jones LLC now owns 16,392 shares of the entertainment giant’s stock worth $1,321,000 after purchasing an additional 14,167 shares during the period. Finally, Bath Savings Trust Co increased its holdings in Walt Disney by 6.2% during the 2nd quarter. Bath Savings Trust Co now owns 73,382 shares of the entertainment giant’s stock worth $7,796,000 after purchasing an additional 4,285 shares during the period. Institutional investors own 61.52% of the company’s stock.

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Walt Disney 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.

Analyst Recommendations for Walt Disney (NYSE:DIS)

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