Walt Disney (DIS) Now Covered by Analysts at Wolfe Research

Wolfe Research initiated coverage on shares of Walt Disney (NYSE:DIS) in a report issued on Friday, The Fly reports. The firm set an “outperform” rating on the entertainment giant’s stock.

A number of other brokerages also recently commented on DIS. Zacks Investment Research raised Walt Disney from a “sell” rating to a “hold” rating in a research report on Monday, September 10th. Imperial Capital raised Walt Disney from an “in-line” rating to an “outperform” rating and lifted their price objective for the company from $113.00 to $129.00 in a research report on Tuesday, November 27th. Loop Capital lifted their price objective on Walt Disney to $130.00 and gave the company a “buy” rating in a research report on Friday, November 9th. Argus lifted their price objective on Walt Disney from $129.00 to $135.00 and gave the company a “buy” rating in a research report on Monday, November 12th. Finally, Pivotal Research reaffirmed a “sell” rating and issued a $95.00 price objective on shares of Walt Disney in a research report on Sunday, September 23rd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $122.39.

Shares of NYSE:DIS traded down $1.41 during midday trading on Friday, reaching $112.92. The company’s stock had a trading volume of 182,908 shares, compared to its average volume of 8,283,951. The company has a market cap of $168.03 billion, a P/E ratio of 15.93, a P/E/G ratio of 1.69 and a beta of 1.17. The company has a quick ratio of 0.86, a current ratio of 0.94 and a debt-to-equity ratio of 0.32. Walt Disney has a 1 year low of $97.68 and a 1 year high of $120.20.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Thursday, November 8th. The entertainment giant reported $1.48 EPS for the quarter, beating the Zacks’ consensus estimate of $1.31 by $0.17. The business had revenue of $14.30 billion during the quarter, compared to the consensus estimate of $13.76 billion. Walt Disney had a return on equity of 21.43% and a net margin of 21.20%. The business’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.07 earnings per share. Sell-side analysts expect that Walt Disney will post 7.07 earnings per share for the current fiscal year.

In other Walt Disney news, EVP Mary Jayne Parker sold 29,192 shares of the business’s stock in a transaction dated Wednesday, October 3rd. The stock was sold at an average price of $117.99, for a total transaction of $3,444,364.08. Following the transaction, the executive vice president now owns 29,199 shares in the company, valued at $3,445,190.01. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Brent Woodford sold 961 shares of the business’s stock in a transaction dated Monday, October 1st. The stock was sold at an average price of $117.06, for a total value of $112,494.66. Following the transaction, the executive vice president now owns 25,737 shares in the company, valued at approximately $3,012,773.22. The disclosure for this sale can be found here. Insiders sold 77,886 shares of company stock worth $9,284,819 in the last quarter. 0.38% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of the business. Integrated Wealth Concepts LLC lifted its stake in shares of Walt Disney by 7.4% in the third quarter. Integrated Wealth Concepts LLC now owns 6,217 shares of the entertainment giant’s stock worth $723,000 after acquiring an additional 428 shares in the last quarter. Barry Investment Advisors LLC lifted its stake in shares of Walt Disney by 0.6% in the third quarter. Barry Investment Advisors LLC now owns 71,559 shares of the entertainment giant’s stock worth $8,368,000 after acquiring an additional 432 shares in the last quarter. Elgethun Capital Management lifted its stake in shares of Walt Disney by 1.9% in the third quarter. Elgethun Capital Management now owns 23,798 shares of the entertainment giant’s stock worth $2,787,000 after acquiring an additional 436 shares in the last quarter. Keystone Financial Group lifted its stake in shares of Walt Disney by 6.0% in the third quarter. Keystone Financial Group now owns 7,851 shares of the entertainment giant’s stock worth $913,000 after acquiring an additional 444 shares in the last quarter. Finally, Cleararc Capital Inc. lifted its stake in shares of Walt Disney by 1.2% in the third quarter. Cleararc Capital Inc. now owns 38,491 shares of the entertainment giant’s stock worth $4,501,000 after acquiring an additional 446 shares in the last quarter. Institutional investors own 62.99% 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 Article: What is intrinsic value?

The Fly

Analyst Recommendations for Walt Disney (NYSE:DIS)

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.


Leave a Reply