Loop Capital began coverage on shares of Walt Disney (NYSE:DIS) in a research note released on Thursday, March 15th, Marketbeat.com reports. The firm issued a buy rating and a $130.00 target price on the entertainment giant’s stock.
DIS has been the subject of a number of other research reports. Barclays set a $105.00 price target on Walt Disney and gave the company a hold rating in a research report on Tuesday, January 23rd. Edward Jones lowered Walt Disney from a buy rating to a hold rating in a research report on Friday, December 15th. Wells Fargo restated a buy rating and set a $135.00 price objective on shares of Walt Disney in a research report on Friday, December 15th. Credit Suisse Group reaffirmed a buy rating on shares of Walt Disney in a research note on Friday, December 22nd. Finally, Zacks Investment Research downgraded Walt Disney from a buy rating to a hold rating in a research note on Tuesday, March 13th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock currently has a consensus rating of Buy and an average target price of $118.82.
DIS traded down $1.76 during trading hours on Thursday, hitting $100.35. 7,162,386 shares of the stock were exchanged, compared to its average volume of 7,157,335. Walt Disney has a 12 month low of $96.20 and a 12 month high of $116.10. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.87 and a quick ratio of 0.80. The stock has a market capitalization of $150,893.89, a PE ratio of 17.61, a price-to-earnings-growth ratio of 1.71 and a beta of 1.30.
Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Tuesday, February 6th. The entertainment giant reported $1.89 EPS for the quarter, beating 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 company had revenue of $15.35 billion for the quarter, compared to analyst estimates of $15.47 billion. During the same period last year, the company earned $1.55 earnings per share. The company’s quarterly revenue was up 3.8% compared to the same quarter last year. research 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 business’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $108.39, for a total transaction of $194,776.83. Following the completion of the sale, the director now owns 85,636 shares in the company, valued at $9,282,086.04. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.38% of the stock is currently owned by insiders.
Several hedge funds have recently added to or reduced their stakes in DIS. Vantage Financial Partners Ltd. Inc. acquired a new position in Walt Disney in the second quarter valued at about $925,000. Icon Wealth Partners LLC acquired a new position in Walt Disney in the fourth quarter valued at about $116,000. Almanack Investment Partners LLC. acquired a new position in Walt Disney in the fourth quarter valued at about $118,000. Front Row Advisors LLC acquired a new position in Walt Disney in the fourth quarter valued at about $122,000. Finally, Avestar Capital LLC acquired a new position in Walt Disney in the fourth quarter valued at about $108,000. Institutional investors own 62.63% of the company’s stock.
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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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