Walt Disney (NYSE:DIS)‘s stock had its “buy” rating restated by research analysts at Piper Jaffray Companies in a research report issued to clients and investors on Wednesday, November 22nd. They currently have a $120.00 price objective on the entertainment giant’s stock. Piper Jaffray Companies’ price target would suggest a potential upside of 8.87% from the company’s previous close.
A number of other research analysts have also issued reports on the stock. BMO Capital Markets restated a “sell” rating and issued a $90.00 target price on shares of Walt Disney in a report on Wednesday, November 22nd. Vetr upgraded shares of Walt Disney from a “hold” rating to a “buy” rating and set a $107.20 price objective on the stock in a report on Tuesday, November 21st. Zacks Investment Research upgraded shares of Walt Disney from a “sell” rating to a “hold” rating in a report on Wednesday, November 15th. Royal Bank Of Canada set a $125.00 price objective on shares of Walt Disney and gave the company a “buy” rating in a research report on Sunday, November 12th. Finally, B. Riley reaffirmed a “hold” rating and issued a $101.00 price objective (up previously from $97.00) on shares of Walt Disney in a research report on Friday, November 10th. Three investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and sixteen have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $112.04.
Shares of Walt Disney (NYSE DIS) opened at $110.22 on Wednesday. Walt Disney has a 12-month low of $96.20 and a 12-month high of $116.10. The company has a market cap of $158,960.33, a price-to-earnings ratio of 18.47, a P/E/G ratio of 2.24 and a beta of 1.38. 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 announced its quarterly earnings data on Thursday, November 9th. The entertainment giant reported $1.07 EPS for the quarter, missing the Zacks’ consensus estimate of $1.12 by ($0.05). The firm had revenue of $12.78 billion for the quarter, compared to analysts’ expectations of $13.30 billion. Walt Disney had a return on equity of 19.66% and a net margin of 16.29%. The firm’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.10 EPS. equities analysts forecast that Walt Disney will post 6.24 earnings per share for the current year.
Institutional investors and hedge funds have recently modified their holdings of the stock. Ariel Capital Advisors LLC grew its stake in Walt Disney by 4.9% during the 1st quarter. Ariel Capital Advisors LLC now owns 28,046 shares of the entertainment giant’s stock valued at $3,180,000 after acquiring an additional 1,298 shares in the last quarter. Tocqueville Asset Management L.P. grew its stake in Walt Disney by 8.9% during the 1st quarter. Tocqueville Asset Management L.P. now owns 475,780 shares of the entertainment giant’s stock valued at $53,949,000 after acquiring an additional 38,985 shares in the last quarter. Canal Capital Management LLC grew its stake in Walt Disney by 17.4% during the 1st quarter. Canal Capital Management LLC now owns 4,998 shares of the entertainment giant’s stock valued at $567,000 after acquiring an additional 742 shares in the last quarter. Cookson Peirce & Co. Inc. grew its stake in Walt Disney by 27.5% during the 1st quarter. Cookson Peirce & Co. Inc. now owns 2,886 shares of the entertainment giant’s stock valued at $327,000 after acquiring an additional 622 shares in the last quarter. Finally, Advisor Partners LLC grew its stake in Walt Disney by 18.0% during the 1st quarter. Advisor Partners LLC now owns 26,083 shares of the entertainment giant’s stock valued at $2,958,000 after acquiring an additional 3,985 shares in the last quarter. 61.51% of the stock is currently owned by hedge funds and other institutional investors.
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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.
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