Vetr upgraded shares of Walt Disney (NYSE:DIS) from a buy rating to a strong-buy rating in a report issued on Tuesday morning. They currently have $111.60 price objective on the entertainment giant’s stock.
A number of other brokerages also recently commented on DIS. Bank of America reiterated a buy rating and set a $144.00 target price (up previously from $130.00) on shares of Walt Disney in a research note on Wednesday, January 10th. B. Riley boosted their target price on shares of Walt Disney from $122.00 to $125.00 and gave the stock a buy rating in a research note on Wednesday, February 7th. Jefferies Group reiterated a hold rating and set a $112.00 target price on shares of Walt Disney in a research note on Wednesday, February 7th. Sanford C. Bernstein set a $100.00 target price on shares of Walt Disney and gave the stock a hold rating in a research note on Wednesday, December 20th. Finally, Loop Capital started coverage on shares of Walt Disney in a research note on Thursday, March 15th. They set a buy rating and a $130.00 target price for the company. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company. The company presently has an average rating of Buy and an average price target of $118.82.
NYSE:DIS opened at $100.35 on Tuesday. The firm has a market capitalization of $151,796.09, a price-to-earnings ratio of 17.61, a price-to-earnings-growth ratio of 1.72 and a beta of 1.30. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.87 and a quick ratio of 0.80. Walt Disney has a 52 week low of $96.20 and a 52 week high of $116.10.
Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Tuesday, February 6th. The entertainment giant reported $1.89 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.61 by $0.28. The business had revenue of $15.35 billion during the quarter, compared to the consensus estimate of $15.47 billion. Walt Disney had a net margin of 19.61% and a return on equity of 20.44%. The company’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.55 earnings per share. sell-side analysts anticipate that Walt Disney will post 6.95 earnings per share for the current fiscal year.
In other news, Director Aylwin B. Lewis sold 1,797 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $108.39, for a total value of $194,776.83. Following the completion of the sale, the director now directly owns 85,636 shares of the company’s stock, valued at $9,282,086.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.38% of the stock is owned by insiders.
Several large investors have recently made changes to their positions in the company. Leisure Capital Management raised its holdings in Walt Disney by 0.5% during the second quarter. Leisure Capital Management now owns 4,449 shares of the entertainment giant’s stock worth $473,000 after purchasing an additional 20 shares in the last quarter. Manchester Capital Management LLC raised its holdings in Walt Disney by 0.3% during the second quarter. Manchester Capital Management LLC now owns 11,636 shares of the entertainment giant’s stock worth $1,236,000 after purchasing an additional 30 shares in the last quarter. Marathon Capital Management raised its holdings in Walt Disney by 1.9% during the second quarter. Marathon Capital Management now owns 2,082 shares of the entertainment giant’s stock worth $221,000 after purchasing an additional 38 shares in the last quarter. Forbes J M & Co. LLP raised its holdings in Walt Disney by 0.9% during the second quarter. Forbes J M & Co. LLP now owns 5,004 shares of the entertainment giant’s stock worth $531,000 after purchasing an additional 45 shares in the last quarter. Finally, Wealth Architects LLC raised its holdings in Walt Disney by 1.6% during the second quarter. Wealth Architects LLC now owns 2,969 shares of the entertainment giant’s stock worth $315,000 after purchasing an additional 48 shares in the last quarter. 62.63% of the stock is owned by institutional investors and hedge funds.
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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.
To view Vetr’s full report, visit Vetr’s official website.
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