Walt Disney Company (The) (DIS) Stock Rating Reaffirmed by Piper Jaffray Companies

Walt Disney Company (The) (NYSE:DIS)‘s stock had its “buy” rating restated by investment analysts at Piper Jaffray Companies in a report issued on Wednesday. They currently have a $120.00 target price on the entertainment giant’s stock. Piper Jaffray Companies’ price target suggests a potential upside of 16.80% from the company’s previous close.

A number of other equities analysts also recently issued reports on DIS. Credit Suisse Group reaffirmed an “outperform” rating and set a $125.00 price target on shares of Walt Disney Company (The) in a research report on Tuesday, July 25th. Vetr lowered shares of Walt Disney Company (The) from a “buy” rating to a “hold” rating and set a $110.54 price objective on the stock. in a report on Thursday, July 27th. BidaskClub raised shares of Walt Disney Company (The) from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. FBR & Co dropped their price objective on shares of Walt Disney Company (The) from $114.00 to $112.00 and set a “market perform” rating on the stock in a report on Wednesday, August 9th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $110.00 price objective on shares of Walt Disney Company (The) in a report on Wednesday, August 9th. Three investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eighteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $112.56.

Shares of Walt Disney Company (DIS) traded down $0.26 during mid-day trading on Wednesday, hitting $102.74. The stock had a trading volume of 4,109,530 shares, compared to its average volume of 7,162,110. The firm has a market capitalization of $158,978.53, a P/E ratio of 18.07, a PEG ratio of 2.19 and a beta of 1.37. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.74 and a current ratio of 0.81. Walt Disney Company has a 1-year low of $96.20 and a 1-year high of $116.10.

Walt Disney Company (The) (NYSE:DIS) last issued its quarterly earnings results on Thursday, November 9th. The entertainment giant reported $1.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.05). The business had revenue of $12.78 billion for the quarter, compared to analyst estimates of $13.30 billion. Walt Disney Company (The) had a return on equity of 19.66% and a net margin of 16.29%. The business’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.10 earnings per share. sell-side analysts forecast that Walt Disney Company will post 6.24 earnings per share for the current year.

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Several institutional investors and hedge funds have recently made changes to their positions in the company. Janus Henderson Group PLC raised its stake in Walt Disney Company (The) by 929.6% during the 2nd quarter. Janus Henderson Group PLC now owns 5,410,942 shares of the entertainment giant’s stock worth $574,907,000 after acquiring an additional 4,885,398 shares in the last quarter. AJO LP raised its stake in Walt Disney Company (The) by 12,331.6% during the 2nd quarter. AJO LP now owns 3,300,335 shares of the entertainment giant’s stock worth $350,661,000 after acquiring an additional 3,273,787 shares in the last quarter. Vanguard Group Inc. raised its stake in Walt Disney Company (The) by 2.2% during the 2nd quarter. Vanguard Group Inc. now owns 98,803,049 shares of the entertainment giant’s stock worth $10,497,824,000 after acquiring an additional 2,131,932 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in Walt Disney Company (The) by 247.9% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,644,700 shares of the entertainment giant’s stock worth $280,999,000 after acquiring an additional 1,884,600 shares in the last quarter. Finally, Nordea Investment Management AB raised its stake in Walt Disney Company (The) by 48.7% during the 2nd quarter. Nordea Investment Management AB now owns 5,313,513 shares of the entertainment giant’s stock worth $564,561,000 after acquiring an additional 1,740,128 shares in the last quarter. Institutional investors and hedge funds own 60.40% of the company’s stock.

About Walt Disney Company (The)

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.

Analyst Recommendations for Walt Disney Company (The) (NYSE:DIS)

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