Walt Disney’s (DIS) “Sell” Rating Reiterated at Pivotal Research

Pivotal Research reaffirmed their sell rating on shares of Walt Disney (NYSE:DIS) in a research note released on Wednesday. Pivotal Research currently has a $94.00 price objective on the entertainment giant’s stock.

“We continue to value Disney at $94 per share on a YE2018 basis, rating the stock Sell. Disney reported fiscal 1Q18 (calendar 4Q17) earnings for the period ending December 30, 2017 on Tuesday. Revenues rose +4% (including less than a percentage point of top-line benefit from the acquisition of BAMTech). This compares with our forecast for revenue growth of +5%. Operating income margins of 26% vs. 25% in the year-ago period were better than our 23% expectation, and adjusted EPS of $1.89, up from $1.55 in the year-ago period, was also better than expectations.”,” the firm’s analyst commented.

Other equities analysts have also issued reports about the company. Citigroup restated a buy rating and set a $119.00 price target on shares of Walt Disney in a research report on Wednesday, November 1st. Piper Jaffray Companies set a $130.00 price target on Walt Disney and gave the stock a buy rating in a research report on Tuesday, October 31st. JPMorgan Chase & Co. set a $125.00 price objective on Walt Disney and gave the stock a buy rating in a report on Friday, November 10th. Goldman Sachs Group increased their price objective on Walt Disney from $115.00 to $120.00 and gave the stock a buy rating in a report on Friday, November 10th. Finally, Vetr cut Walt Disney from a strong-buy rating to a buy rating and set a $110.51 price objective for the company. in a report on Thursday, October 19th. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. Walt Disney has an average rating of Hold and an average target price of $118.33.

Walt Disney (NYSE:DIS) opened at $104.76 on Wednesday. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 0.42. Walt Disney has a 1 year low of $96.20 and a 1 year high of $116.10. The stock has a market capitalization of $158,220.00, a P/E ratio of 14.88, a P/E/G ratio of 1.85 and a beta of 1.30.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Tuesday, February 6th. The entertainment giant reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.28. Walt Disney had a return on equity of 20.55% and a net margin of 19.61%. The business had revenue of $15.35 billion for the quarter, compared to analyst estimates of $15.47 billion. During the same period last year, the company earned $1.55 EPS. Walt Disney’s revenue for the quarter was up 3.8% compared to the same quarter last year. analysts predict that Walt Disney will post 6.46 earnings per share for the current year.

The company also recently announced a Semi-Annual dividend, which was paid on Thursday, January 11th. Stockholders of record on Monday, December 11th were paid a $0.84 dividend. The ex-dividend date was Friday, December 8th. Walt Disney’s payout ratio is presently 23.86%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in DIS. Saratoga Research & Investment Management raised its stake in Walt Disney by 14.5% during the second quarter. Saratoga Research & Investment Management now owns 52,728 shares of the entertainment giant’s stock valued at $5,602,000 after buying an additional 6,678 shares during the last quarter. Rothschild Asset Management Inc. raised its stake in Walt Disney by 6,944.6% during the second quarter. Rothschild Asset Management Inc. now owns 520,599 shares of the entertainment giant’s stock valued at $55,314,000 after buying an additional 513,209 shares during the last quarter. CIBC Asset Management Inc raised its stake in Walt Disney by 1.5% during the second quarter. CIBC Asset Management Inc now owns 138,277 shares of the entertainment giant’s stock valued at $14,692,000 after buying an additional 2,013 shares during the last quarter. Heritage Wealth Advisors raised its stake in Walt Disney by 4.2% during the second quarter. Heritage Wealth Advisors now owns 15,563 shares of the entertainment giant’s stock valued at $1,657,000 after buying an additional 627 shares during the last quarter. Finally, Lourd Capital LLC raised its stake in Walt Disney by 1.5% during the second quarter. Lourd Capital LLC now owns 4,240 shares of the entertainment giant’s stock valued at $451,000 after buying an additional 64 shares during the last quarter. Institutional investors own 61.58% 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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