Walt Disney (DIS) Upgraded by BTIG Research to “Neutral”

BTIG Research upgraded shares of Walt Disney (NYSE:DIS) from a sell rating to a neutral rating in a report released on Monday, BenzingaRatingsTable reports.

DIS has been the topic of several other reports. UBS Group set a $128.00 target price on shares of Walt Disney and gave the stock a buy rating in a research report on Friday, April 12th. Bank of America set a $144.00 target price on shares of Walt Disney and gave the stock a buy rating in a research report on Friday, April 12th. ValuEngine upgraded shares of Walt Disney from a hold rating to a buy rating in a research report on Saturday, April 13th. Imperial Capital boosted their target price on shares of Walt Disney from $129.00 to $139.00 and gave the stock an outperform rating in a research report on Monday. Finally, Credit Suisse Group restated a neutral rating and set a $114.00 target price on shares of Walt Disney in a research report on Friday, April 12th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nineteen have issued a buy rating to the stock. The company has an average rating of Buy and a consensus price target of $130.20.

Shares of DIS opened at $131.75 on Monday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.92 and a current ratio of 1.00. The firm has a market capitalization of $196.84 billion, a price-to-earnings ratio of 18.61, a PEG ratio of 3.80 and a beta of 0.91. Walt Disney has a 1 year low of $97.68 and a 1 year high of $132.70.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Tuesday, February 5th. The entertainment giant reported $1.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.27. The company had revenue of $15.30 billion for the quarter, compared to analysts’ expectations of $15.20 billion. Walt Disney had a net margin of 18.46% and a return on equity of 20.50%. Walt Disney’s revenue was down .3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.89 EPS. As a group, equities research analysts expect that Walt Disney will post 6.84 EPS for the current year.

In related news, EVP Zenia B. Mucha sold 33,000 shares of the business’s stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $128.88, for a total value of $4,253,040.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Brent Woodford sold 2,000 shares of the business’s stock in a transaction dated Wednesday, February 6th. The stock was sold at an average price of $113.60, for a total transaction of $227,200.00. Following the completion of the sale, the executive vice president now owns 26,517 shares in the company, valued at $3,012,331.20. The disclosure for this sale can be found here. Insiders sold a total of 37,000 shares of company stock worth $4,708,940 over the last quarter. Insiders own 0.36% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in Walt Disney by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 103,729,219 shares of the entertainment giant’s stock valued at $12,130,095,000 after purchasing an additional 553,232 shares in the last quarter. Vanguard Group Inc lifted its holdings in Walt Disney by 0.5% in the 3rd quarter. Vanguard Group Inc now owns 103,729,219 shares of the entertainment giant’s stock valued at $12,130,095,000 after purchasing an additional 553,232 shares in the last quarter. BlackRock Inc. lifted its holdings in Walt Disney by 6.5% in the 4th quarter. BlackRock Inc. now owns 92,790,946 shares of the entertainment giant’s stock valued at $10,174,527,000 after purchasing an additional 5,639,712 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in Walt Disney by 14,778.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 53,195,820 shares of the entertainment giant’s stock valued at $485,000 after purchasing an additional 52,838,274 shares in the last quarter. Finally, FMR LLC lifted its holdings in Walt Disney by 1.5% in the 3rd quarter. FMR LLC now owns 26,397,731 shares of the entertainment giant’s stock valued at $3,086,951,000 after purchasing an additional 382,573 shares in the last quarter. Institutional investors and hedge funds own 64.63% 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 businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses.

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Analyst Recommendations for Walt Disney (NYSE:DIS)

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