Walt Disney Company (The)’s (DIS) Buy Rating Reaffirmed at Piper Jaffray Companies

Piper Jaffray Companies reiterated their buy rating on shares of Walt Disney Company (The) (NYSE:DIS) in a research note released on Friday. They currently have a $120.00 target price on the entertainment giant’s stock.

Several other equities research analysts have also commented on the company. BidaskClub upgraded Walt Disney Company (The) from a sell rating to a hold rating in a research note on Monday, July 24th. Zacks Investment Research upgraded Walt Disney Company (The) from a sell rating to a hold rating in a research note on Friday, November 3rd. Vetr upgraded Walt Disney Company (The) from a buy rating to a strong-buy rating and set a $110.51 price objective for the company in a research note on Wednesday, October 11th. Barclays PLC cut their price objective on Walt Disney Company (The) from $98.00 to $94.00 and set an equal weight rating for the company in a research note on Friday, October 13th. Finally, Loop Capital reiterated a hold rating and set a $104.00 price objective (down from $106.00) on shares of Walt Disney Company (The) in a research note on Friday, September 8th. Four equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company’s stock. Walt Disney Company (The) currently has an average rating of Hold and an average target price of $112.76.

Shares of Walt Disney Company (DIS) traded up $2.10 during trading on Friday, hitting $104.78. The company had a trading volume of 16,700,100 shares, compared to its average volume of 7,198,479. The company has a current ratio of 1.00, a quick ratio of 0.93 and a debt-to-equity ratio of 0.41. Walt Disney Company has a 1 year low of $95.78 and a 1 year high of $116.10. The stock has a market cap of $158,484.63, a price-to-earnings ratio of 18.01, a PEG ratio of 2.22 and a beta of 1.37.

Walt Disney Company (The) (NYSE:DIS) last announced its quarterly earnings results on Thursday, November 9th. The entertainment giant reported $1.07 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.12 by ($0.05). Walt Disney Company (The) had a net margin of 16.29% and a return on equity of 19.46%. The business had revenue of $12.78 billion during the quarter, compared to analysts’ expectations of $13.30 billion. During the same quarter in the prior year, the firm earned $1.10 EPS. Walt Disney Company (The)’s revenue for the quarter was down 2.8% on a year-over-year basis. sell-side analysts anticipate that Walt Disney Company will post 6.36 earnings per share for the current fiscal year.

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A number of large investors have recently bought and sold shares of DIS. Moloney Securities Asset Management LLC increased its holdings in Walt Disney Company (The) by 3.2% in the first quarter. Moloney Securities Asset Management LLC now owns 16,171 shares of the entertainment giant’s stock valued at $1,834,000 after buying an additional 496 shares during the last quarter. Whittier Trust Co. increased its holdings in Walt Disney Company (The) by 15.6% in the first quarter. Whittier Trust Co. now owns 252,155 shares of the entertainment giant’s stock valued at $28,591,000 after buying an additional 34,101 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings in Walt Disney Company (The) by 3.9% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 119,019 shares of the entertainment giant’s stock valued at $13,496,000 after buying an additional 4,417 shares during the last quarter. Hennessy Advisors Inc. purchased a new position in Walt Disney Company (The) in the first quarter valued at $2,177,000. Finally, Capital Advisors Inc. OK increased its holdings in Walt Disney Company (The) by 8.9% in the first quarter. Capital Advisors Inc. OK now owns 119,751 shares of the entertainment giant’s stock valued at $13,579,000 after buying an additional 9,743 shares during the last quarter. 61.37% of the stock is currently owned by hedge funds and other institutional investors.

Walt Disney Company (The) 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 Company (The) (NYSE:DIS)

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