Walt Disney (NYSE:DIS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Friday, February 16th. The brokerage currently has a $118.00 target price on the entertainment giant’s stock. Zacks Investment Research‘s target price points to a potential upside of 10.68% from the stock’s previous close.
According to Zacks, “Parks & Resorts division once again turned out to be the savior for Disney in first-quarter fiscal 2018. The company, whose shares have outperformed the industry in the past six months, delivered positive earnings surprise after missing the Zacks Consensus Estimate in the preceding quarter. However, the big take away from the quarter was top-line performance, which surpassed the consensus mark for the first time in six quarters. Further, Disney is acquiring majority of Twenty-First Century Fox’s assets, which includes its Film and Television studios accompanied by cable and international TV businesses. The deal provides a bout of fresh air to Disney, which for quite some time now has been jostling in the fast changing media landscape. The addition of Fox's rich library of movies and TV series would greatly enhance Disney’s prospects in the streaming service. However, falling subscribers at ESPN remain a concern.”
Other analysts have also issued reports about the stock. B. Riley restated a “neutral” rating on shares of Walt Disney in a research note on Wednesday, November 1st. Bank of America reaffirmed a “buy” rating and set a $144.00 price target (up previously from $130.00) on shares of Walt Disney in a report on Wednesday, January 10th. Vetr downgraded shares of Walt Disney from a “strong-buy” rating to a “buy” rating and set a $114.86 price objective on the stock. in a report on Tuesday, February 13th. 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 report on Friday, November 10th. Finally, Macquarie set a $125.00 price objective on shares of Walt Disney and gave the stock a “buy” rating in a report on Tuesday, February 6th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. Walt Disney has an average rating of “Buy” and an average target price of $118.59.
Shares of Walt Disney (NYSE DIS) traded up $1.37 during trading on Friday, hitting $106.61. 2,638,041 shares of the company traded hands, compared to its average volume of 8,442,697. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.80 and a current ratio of 0.87. The company has a market cap of $158,830.00, a price-to-earnings ratio of 18.41, a price-to-earnings-growth ratio of 1.79 and a beta of 1.30. Walt Disney has a 52 week low of $96.20 and a 52 week high of $116.10.
Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Tuesday, February 6th. The entertainment giant reported $1.89 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.61 by $0.28. The company had revenue of $15.35 billion during the quarter, compared to analyst estimates of $15.47 billion. Walt Disney had a net margin of 19.61% and a return on equity of 20.44%. Walt Disney’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period last year, the business earned $1.55 EPS. equities analysts anticipate that Walt Disney will post 6.95 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Callahan Advisors LLC lifted its position in shares of Walt Disney by 1.8% during the 2nd quarter. Callahan Advisors LLC now owns 86,511 shares of the entertainment giant’s stock valued at $9,192,000 after buying an additional 1,528 shares in the last quarter. Chicago Partners Investment Group LLC raised its stake in Walt Disney by 241.4% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 12,860 shares of the entertainment giant’s stock valued at $1,352,000 after purchasing an additional 9,093 shares during the last quarter. Perennial Advisors LLC raised its stake in Walt Disney by 4.7% in the 2nd quarter. Perennial Advisors LLC now owns 29,931 shares of the entertainment giant’s stock valued at $3,180,000 after purchasing an additional 1,354 shares during the last quarter. Novare Capital Management LLC raised its stake in Walt Disney by 1.9% in the 2nd quarter. Novare Capital Management LLC now owns 64,727 shares of the entertainment giant’s stock valued at $6,877,000 after purchasing an additional 1,231 shares during the last quarter. Finally, Peak Asset Management LLC raised its stake in Walt Disney by 1.7% in the 2nd quarter. Peak Asset Management LLC now owns 95,329 shares of the entertainment giant’s stock valued at $10,129,000 after purchasing an additional 1,609 shares during the last quarter. 61.23% of the stock is owned by 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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