Walt Disney (NYSE:DIS)‘s stock had its “hold” rating reiterated by stock analysts at Jefferies Group in a research report issued on Wednesday, February 7th. They presently have a $112.00 price target on the entertainment giant’s stock. Jefferies Group’s price objective suggests a potential upside of 5.13% from the company’s previous close. Jefferies Group also issued estimates for Walt Disney’s Q2 2018 earnings at $1.69 EPS, Q3 2018 earnings at $2.00 EPS, Q4 2018 earnings at $1.41 EPS, FY2018 earnings at $6.99 EPS, Q1 2019 earnings at $1.90 EPS, Q2 2019 earnings at $1.87 EPS, Q3 2019 earnings at $2.13 EPS, Q4 2019 earnings at $1.57 EPS, FY2019 earnings at $7.47 EPS, Q1 2020 earnings at $2.14 EPS and FY2020 earnings at $8.19 EPS.
A number of other research firms have also recently issued reports on DIS. Macquarie raised Walt Disney from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $112.00 to $125.00 in a research note on Tuesday, January 2nd. Goldman Sachs Group boosted their target price on Walt Disney from $115.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, November 10th. Pivotal Research reissued a “sell” rating and issued a $93.00 target price (up from $91.00) on shares of Walt Disney in a research note on Tuesday, January 9th. Loop Capital reissued a “buy” rating and issued a $106.00 target price on shares of Walt Disney in a research note on Monday, December 11th. Finally, Zacks Investment Research cut Walt Disney from a “hold” rating to a “sell” rating in a research report on Tuesday, December 19th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. Walt Disney presently has an average rating of “Buy” and a consensus target price of $118.59.
Walt Disney (NYSE DIS) traded up $1.35 during mid-day trading on Wednesday, hitting $106.53. The stock had a trading volume of 8,735,301 shares, compared to its average volume of 8,820,000. The company has a market capitalization of $160,190.00, a P/E ratio of 18.40, a P/E/G ratio of 1.82 and a beta of 1.30. Walt Disney has a 12 month low of $96.20 and a 12 month high of $116.10. The company has a current ratio of 0.87, a quick ratio of 0.80 and a debt-to-equity ratio of 0.43.
Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Tuesday, February 6th. The entertainment giant reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.28. Walt Disney had a return on equity of 20.44% and a net margin of 19.61%. The business had revenue of $15.35 billion during the quarter, compared to analysts’ expectations of $15.47 billion. During the same period in the previous year, the firm earned $1.55 earnings per share. The firm’s quarterly revenue was up 3.8% compared to the same quarter last year. analysts predict that Walt Disney will post 6.95 EPS for the current year.
Several hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of Walt Disney by 2.2% in the 2nd quarter. Vanguard Group Inc. now owns 98,803,049 shares of the entertainment giant’s stock valued at $10,497,824,000 after acquiring an additional 2,131,932 shares during the last quarter. Northern Trust Corp raised its position in Walt Disney by 2.5% during the 2nd quarter. Northern Trust Corp now owns 20,462,287 shares of the entertainment giant’s stock worth $2,174,118,000 after purchasing an additional 500,349 shares during the last quarter. Geode Capital Management LLC raised its position in Walt Disney by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 16,886,345 shares of the entertainment giant’s stock worth $1,811,851,000 after purchasing an additional 61,296 shares during the last quarter. Franklin Resources Inc. raised its position in Walt Disney by 1.5% during the 4th quarter. Franklin Resources Inc. now owns 13,496,173 shares of the entertainment giant’s stock worth $1,450,978,000 after purchasing an additional 194,342 shares during the last quarter. Finally, Clearbridge Investments LLC raised its position in Walt Disney by 1.5% during the 4th quarter. Clearbridge Investments LLC now owns 8,518,119 shares of the entertainment giant’s stock worth $915,783,000 after purchasing an additional 129,750 shares during the last quarter. 61.12% of the stock is currently owned by hedge funds and other 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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