Walt Disney Company (The) (DIS) Lowered to Buy at Vetr Inc.

Walt Disney Company (The) (NYSE:DIS) was downgraded by stock analysts at Vetr from a “strong-buy” rating to a “buy” rating in a report issued on Thursday, October 19th. They presently have a $110.51 target price on the entertainment giant’s stock. Vetr‘s target price would indicate a potential upside of 12.41% from the company’s current price.

Several other equities analysts also recently issued reports on DIS. BMO Capital Markets reiterated an “underperform” rating and issued a $90.00 price objective (down previously from $95.00) on shares of Walt Disney Company (The) in a research report on Thursday, August 10th. Loop Capital restated a “hold” rating and set a $108.00 target price on shares of Walt Disney Company (The) in a research report on Thursday, August 10th. Goldman Sachs Group, Inc. (The) set a $133.00 target price on Walt Disney Company (The) and gave the stock a “buy” rating in a research report on Wednesday, August 9th. Wells Fargo & Company restated a “market perform” rating and set a $109.00 target price on shares of Walt Disney Company (The) in a research report on Thursday, August 10th. Finally, BidaskClub downgraded Walt Disney Company (The) from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Five research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. Walt Disney Company (The) has an average rating of “Hold” and an average price target of $113.85.

Shares of Walt Disney Company (NYSE DIS) traded down 0.25% during trading on Thursday, hitting $98.31. The company’s stock had a trading volume of 7,868,685 shares. The firm’s 50 day moving average is $98.69 and its 200-day moving average is $104.86. The company has a market capitalization of $151.74 billion, a P/E ratio of 17.44 and a beta of 1.40. Walt Disney Company has a 1-year low of $91.66 and a 1-year high of $116.10.

Walt Disney Company (The) (NYSE:DIS) last issued its quarterly earnings data on Tuesday, August 8th. The entertainment giant reported $1.58 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.53 by $0.05. Walt Disney Company (The) had a return on equity of 19.69% and a net margin of 16.22%. The firm had revenue of $14.24 billion during the quarter, compared to the consensus estimate of $14.44 billion. During the same quarter in the previous year, the company posted $1.62 EPS. The business’s revenue for the quarter was down .3% compared to the same quarter last year. Analysts forecast that Walt Disney Company will post $5.78 EPS for the current fiscal year.

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In related news, Director Maria Elena Lagomasino bought 976 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The shares were acquired at an average price of $102.34 per share, for a total transaction of $99,883.84. Following the completion of the acquisition, the director now owns 7,513 shares of the company’s stock, valued at approximately $768,880.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.38% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in DIS. Concorde Asset Management LLC raised its stake in Walt Disney Company (The) by 43.3% in the first quarter. Concorde Asset Management LLC now owns 2,902 shares of the entertainment giant’s stock valued at $328,000 after buying an additional 877 shares during the period. Culbertson A N & Co. Inc. raised its stake in Walt Disney Company (The) by 10.1% in the first quarter. Culbertson A N & Co. Inc. now owns 24,744 shares of the entertainment giant’s stock valued at $2,806,000 after buying an additional 2,274 shares during the period. Ferguson Wellman Capital Management Inc. raised its stake in Walt Disney Company (The) by 1.7% in the first quarter. Ferguson Wellman Capital Management Inc. now owns 33,544 shares of the entertainment giant’s stock valued at $3,804,000 after buying an additional 549 shares during the period. Northwest Investment Counselors LLC raised its stake in Walt Disney Company (The) by 0.3% in the first quarter. Northwest Investment Counselors LLC now owns 20,056 shares of the entertainment giant’s stock valued at $2,274,000 after buying an additional 55 shares during the period. Finally, Nicolet Bankshares Inc. raised its stake in Walt Disney Company (The) by 8.3% in the first quarter. Nicolet Bankshares Inc. now owns 11,030 shares of the entertainment giant’s stock valued at $1,251,000 after buying an additional 845 shares during the period. Hedge funds and other institutional investors own 61.38% of the company’s stock.

About Walt Disney Company (The)

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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Walt Disney Company (The) (NYSE:DIS)

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