Walt Disney’s (DIS) “Hold” Rating Reaffirmed at Credit Suisse Group

Walt Disney (NYSE:DIS)‘s stock had its “hold” rating restated by analysts at Credit Suisse Group in a research note issued on Tuesday. They currently have a $114.00 target price on the entertainment giant’s stock. Credit Suisse Group’s target price indicates a potential upside of 3.07% from the company’s previous close.

A number of other equities research analysts also recently commented on the company. Morgan Stanley boosted their target price on Walt Disney from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Monday, October 15th. Loop Capital boosted their price objective on Walt Disney to $130.00 and gave the stock a “buy” rating in a research note on Friday, November 9th. Barclays raised Walt Disney from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $104.00 to $130.00 in a research note on Friday, October 19th. Imperial Capital raised Walt Disney from an “in-line” rating to an “outperform” rating and boosted their price objective for the stock from $113.00 to $129.00 in a research note on Tuesday, November 27th. Finally, Wolfe Research began coverage on Walt Disney in a research note on Friday, December 7th. They set an “outperform” rating on the stock. One analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $122.37.

Shares of NYSE:DIS traded down $0.44 during mid-day trading on Tuesday, reaching $110.60. The stock had a trading volume of 6,948,627 shares, compared to its average volume of 7,669,565. The company has a current ratio of 0.94, a quick ratio of 0.86 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $165.52 billion, a P/E ratio of 15.62, a P/E/G ratio of 1.90 and a beta of 1.05. Walt Disney has a 1 year low of $97.68 and a 1 year high of $120.20.

Walt Disney (NYSE:DIS) last posted its earnings results on Thursday, November 8th. The entertainment giant reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.17. The company had revenue of $14.30 billion for the quarter, compared to the consensus estimate of $13.76 billion. Walt Disney had a return on equity of 21.43% and a net margin of 21.20%. The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.07 earnings per share. On average, research analysts forecast that Walt Disney will post 7.08 earnings per share for the current year.

In other news, EVP Brent Woodford sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 9th. The stock was sold at an average price of $112.75, for a total transaction of $225,500.00. Following the transaction, the executive vice president now owns 24,513 shares of the company’s stock, valued at $2,763,840.75. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Robert A. Iger sold 47,733 shares of the company’s stock in a transaction that occurred on Friday, November 9th. The shares were sold at an average price of $120.00, for a total value of $5,727,960.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 60,381 shares of company stock worth $7,117,444. Insiders own 0.36% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Phocas Financial Corp. boosted its holdings in shares of Walt Disney by 989,639.9% in the second quarter. Phocas Financial Corp. now owns 67,054,876 shares of the entertainment giant’s stock valued at $703,000 after purchasing an additional 67,048,101 shares during the period. Matthew Goff Investment Advisor LLC boosted its holdings in shares of Walt Disney by 10,381.0% in the third quarter. Matthew Goff Investment Advisor LLC now owns 5,399,078 shares of the entertainment giant’s stock valued at $51,513,000 after purchasing an additional 5,347,565 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Walt Disney by 22.2% in the second quarter. Dimensional Fund Advisors LP now owns 6,228,738 shares of the entertainment giant’s stock valued at $652,841,000 after purchasing an additional 1,129,743 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of Walt Disney by 112.1% in the second quarter. Renaissance Technologies LLC now owns 1,665,507 shares of the entertainment giant’s stock valued at $174,562,000 after purchasing an additional 880,100 shares during the period. Finally, LFA Lugano Financial Advisors SA purchased a new stake in shares of Walt Disney in the second quarter valued at approximately $684,000. 62.87% of the stock is currently owned by hedge funds and other institutional investors.

Walt Disney Company Profile

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses.

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Analyst Recommendations for Walt Disney (NYSE:DIS)

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