Walt Disney (NYSE:DIS) had its price objective hoisted by Morgan Stanley from $130.00 to $135.00 in a research note released on Monday. Morgan Stanley currently has an overweight rating on the entertainment giant’s stock.
A number of other research analysts have also issued reports on DIS. Imperial Capital began coverage on shares of Walt Disney in a research note on Thursday, June 28th. They issued an in-line rating and a $108.00 target price on the stock. Zacks Investment Research lowered shares of Walt Disney from a buy rating to a hold rating in a research note on Saturday, July 14th. Pivotal Research lowered shares of Walt Disney from a hold rating to a sell rating and set a $93.00 target price on the stock. in a research note on Monday, June 18th. Bank of America began coverage on shares of Walt Disney in a research note on Friday, July 20th. They issued a buy rating and a $144.00 target price on the stock. Finally, BMO Capital Markets raised their target price on shares of Walt Disney from $100.00 to $110.00 and gave the company a market perform rating in a research note on Wednesday, August 8th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have assigned a buy rating to the company. The company has a consensus rating of Buy and an average target price of $120.90.
Walt Disney stock opened at $116.18 on Monday. The firm has a market cap of $174.20 billion, a PE ratio of 20.38, a price-to-earnings-growth ratio of 1.48 and a beta of 1.29. The company has a current ratio of 0.88, a quick ratio of 0.81 and a debt-to-equity ratio of 0.35. Walt Disney has a 1-year low of $96.89 and a 1-year high of $118.10.
Walt Disney (NYSE:DIS) last released its quarterly earnings results on Tuesday, August 7th. The entertainment giant reported $1.87 earnings per share for the quarter, missing analysts’ consensus estimates of $1.97 by ($0.10). The business had revenue of $15.23 billion for the quarter, compared to the consensus estimate of $15.49 billion. Walt Disney had a net margin of 20.76% and a return on equity of 21.37%. During the same quarter in the prior year, the business posted $1.58 EPS. On average, research analysts expect that Walt Disney will post 6.92 EPS for the current year.
In other Walt Disney news, Chairman Robert A. Iger sold 437,679 shares of the firm’s stock in a transaction on Monday, August 6th. The shares were sold at an average price of $115.00, for a total value of $50,333,085.00. Following the sale, the chairman now directly owns 1,498,871 shares in the company, valued at approximately $172,370,165. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Brent Woodford sold 843 shares of the firm’s stock in a transaction on Wednesday, August 1st. The stock was sold at an average price of $113.56, for a total transaction of $95,731.08. Following the completion of the sale, the executive vice president now owns 27,650 shares in the company, valued at $3,139,934. The disclosure for this sale can be found here. Insiders sold a total of 599,701 shares of company stock worth $69,049,384 over the last 90 days. Company insiders own 0.38% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the business. HC Financial Advisors Inc. acquired a new stake in shares of Walt Disney during the 4th quarter valued at about $2,797,000. Robeco Institutional Asset Management B.V. boosted its position in shares of Walt Disney by 16.7% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 575,489 shares of the entertainment giant’s stock valued at $57,801,000 after acquiring an additional 82,524 shares in the last quarter. Arlington Partners LLC boosted its position in shares of Walt Disney by 10.1% during the 1st quarter. Arlington Partners LLC now owns 6,220 shares of the entertainment giant’s stock valued at $625,000 after acquiring an additional 570 shares in the last quarter. Massey Quick Simon & CO. LLC boosted its position in shares of Walt Disney by 55.3% during the 1st quarter. Massey Quick Simon & CO. LLC now owns 5,246 shares of the entertainment giant’s stock valued at $527,000 after acquiring an additional 1,868 shares in the last quarter. Finally, Grimes & Company Inc. boosted its position in shares of Walt Disney by 5.0% during the 1st quarter. Grimes & Company Inc. now owns 78,436 shares of the entertainment giant’s stock valued at $7,878,000 after acquiring an additional 3,722 shares in the last quarter. Institutional investors own 63.14% of the company’s stock.
Walt Disney Company Profile
The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming services under the brand ESPN, Disney, and Freeform; broadcast businesses, which include the ABC TV Network and eight owned television stations; radio businesses consisting of the ESPN Radio network; and the Radio Disney network.
Featured Story: Why do company’s buyback their stock?
Receive News & Ratings for Walt Disney Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walt Disney and related companies with MarketBeat.com's FREE daily email newsletter.