Walt Disney (NYSE:DIS) had its price target raised by equities researchers at JPMorgan Chase & Co. from $150.00 to $160.00 in a research report issued to clients and investors on Thursday, Briefing.com Automated Import reports. The brokerage currently has an “overweight” rating on the entertainment giant’s stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 8.03% from the stock’s previous close.
Other equities analysts also recently issued research reports about the company. ValuEngine downgraded Walt Disney from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Evercore ISI reiterated a “buy” rating and issued a $155.00 price objective on shares of Walt Disney in a report on Monday. Wells Fargo & Co decreased their price objective on Walt Disney from $173.00 to $167.00 and set an “outperform” rating for the company in a report on Friday, November 8th. Morgan Stanley set a $160.00 price objective on Walt Disney and gave the stock a “buy” rating in a report on Friday, August 2nd. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Walt Disney in a report on Friday, September 27th. Six investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $153.20.
Shares of Walt Disney stock opened at $148.11 on Thursday. The company has a quick ratio of 0.84, a current ratio of 0.89 and a debt-to-equity ratio of 0.41. The company has a market cap of $267.90 billion, a PE ratio of 25.67, a P/E/G ratio of 5.01 and a beta of 0.96. The business has a 50 day moving average of $131.68 and a 200 day moving average of $136.28. Walt Disney has a 52 week low of $100.35 and a 52 week high of $149.92.
Walt Disney (NYSE:DIS) last announced its earnings results on Thursday, November 7th. The entertainment giant reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.12. The company had revenue of $19.10 billion during the quarter, compared to the consensus estimate of $19.02 billion. Walt Disney had a return on equity of 11.38% and a net margin of 15.89%. The firm’s revenue for the quarter was up 33.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.48 earnings per share. On average, research analysts anticipate that Walt Disney will post 5.62 earnings per share for the current year.
Several large investors have recently modified their holdings of DIS. Centerpoint Advisors LLC increased its holdings in shares of Walt Disney by 276.5% during the second quarter. Centerpoint Advisors LLC now owns 192 shares of the entertainment giant’s stock valued at $27,000 after acquiring an additional 141 shares in the last quarter. JJJ Advisors Inc. increased its holdings in shares of Walt Disney by 96.8% during the third quarter. JJJ Advisors Inc. now owns 244 shares of the entertainment giant’s stock valued at $32,000 after acquiring an additional 120 shares in the last quarter. Garrett Wealth Advisory Group LLC bought a new position in shares of Walt Disney during the third quarter valued at $36,000. SRS Capital Advisors Inc. bought a new position in shares of Walt Disney during the second quarter valued at $39,000. Finally, Advocacy Wealth Management Services LLC increased its holdings in shares of Walt Disney by 52.8% during the third quarter. Advocacy Wealth Management Services LLC now owns 382 shares of the entertainment giant’s stock valued at $50,000 after acquiring an additional 132 shares in the last quarter. Hedge funds and other institutional investors own 68.47% 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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