Walt Disney (NYSE:DIS)‘s stock had its “hold” rating reaffirmed by analysts at B. Riley in a report released on Monday, January 29th. They currently have a $122.00 price objective on the entertainment giant’s stock. B. Riley’s price target points to a potential upside of 18.00% from the stock’s previous close. B. Riley also issued estimates for Walt Disney’s Q1 2018 earnings at $1.67 EPS, Q2 2018 earnings at $1.65 EPS, Q3 2018 earnings at $2.14 EPS, Q4 2018 earnings at $1.34 EPS, FY2018 earnings at $6.81 EPS, FY2019 earnings at $7.60 EPS and FY2020 earnings at $8.26 EPS.
Other analysts have also recently issued research reports about the stock. Bank of America reissued a “buy” rating and issued a $144.00 price objective (up previously from $130.00) on shares of Walt Disney in a research note on Wednesday, January 10th. Jefferies Group reissued a “hold” rating and issued a $103.77 price objective (up previously from $102.68) on shares of Walt Disney in a research note on Friday, November 10th. Vetr cut shares of Walt Disney from a “buy” rating to a “hold” rating and set a $107.36 price objective on the stock. in a research note on Wednesday, November 29th. Rosenblatt Securities raised shares of Walt Disney from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $115.00 to $130.00 in a research note on Wednesday, January 3rd. Finally, Goldman Sachs Group boosted their price objective on shares of Walt Disney from $115.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, November 10th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Walt Disney has an average rating of “Buy” and an average price target of $118.61.
Walt Disney (NYSE:DIS) opened at $103.39 on Monday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.80 and a current ratio of 0.87. Walt Disney has a 1-year low of $96.20 and a 1-year high of $116.10. The stock has a market cap of $155,013.95, a price-to-earnings ratio of 17.07, a PEG ratio of 1.79 and a beta of 1.30.
Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Tuesday, February 6th. The entertainment giant reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.28. Walt Disney had a net margin of 19.61% and a return on equity of 20.44%. The company had revenue of $15.35 billion for the quarter, compared to analysts’ expectations of $15.47 billion. During the same quarter in the previous year, the firm posted $1.55 earnings per share. Walt Disney’s revenue for the quarter was up 3.8% on a year-over-year basis. research analysts predict that Walt Disney will post 6.8 EPS for the current fiscal year.
Several hedge funds have recently added to or reduced their stakes in DIS. Abbot Financial Management Inc. raised its holdings in shares of Walt Disney by 34.2% in the 4th quarter. Abbot Financial Management Inc. now owns 16,288 shares of the entertainment giant’s stock worth $1,751,000 after acquiring an additional 4,150 shares during the last quarter. Buckingham Asset Management LLC raised its holdings in shares of Walt Disney by 27.7% in the 4th quarter. Buckingham Asset Management LLC now owns 14,854 shares of the entertainment giant’s stock worth $1,597,000 after acquiring an additional 3,218 shares during the last quarter. Obermeyer Wood Investment Counsel Lllp raised its holdings in shares of Walt Disney by 0.5% in the 4th quarter. Obermeyer Wood Investment Counsel Lllp now owns 115,105 shares of the entertainment giant’s stock worth $12,375,000 after acquiring an additional 594 shares during the last quarter. Princeton Capital Management LLC acquired a new stake in shares of Walt Disney in the 4th quarter worth about $3,827,000. Finally, Gruss & Co. Inc. acquired a new stake in shares of Walt Disney in the 4th quarter worth about $1,290,000. 61.12% of the stock is currently owned by institutional investors.
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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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