Walt Disney (NYSE:DIS) was downgraded by equities researchers at Vetr from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday. They currently have a $113.39 target price on the entertainment giant’s stock. Vetr‘s price objective suggests a potential upside of 1.03% from the company’s previous close.
Other equities research analysts have also recently issued reports about the stock. Zacks Investment Research cut shares of Walt Disney from a “hold” rating to a “sell” rating in a research report on Tuesday, December 19th. Piper Jaffray Companies set a $125.00 price objective on shares of Walt Disney and gave the company a “buy” rating in a research report on Friday, December 15th. Wells Fargo & Co reaffirmed a “buy” rating and issued a $135.00 price objective on shares of Walt Disney in a research report on Friday, December 15th. Edward Jones cut shares of Walt Disney from a “buy” rating to a “hold” rating in a research report on Friday, December 15th. Finally, Rosenblatt Securities reaffirmed a “hold” rating and issued a $115.00 price objective on shares of Walt Disney in a research report on Monday, December 4th. Three equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $114.91.
Shares of Walt Disney (NYSE DIS) traded down $0.05 during mid-day trading on Wednesday, hitting $112.23. 7,416,900 shares of the stock traded hands, compared to its average volume of 9,223,033. Walt Disney has a one year low of $96.20 and a one year high of $116.10. The firm has a market cap of $168,480.00, a price-to-earnings ratio of 19.76, a price-to-earnings-growth ratio of 2.39 and a beta of 1.38. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 0.42.
Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Thursday, November 9th. The entertainment giant reported $1.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.12 by ($0.05). Walt Disney had a net margin of 16.29% and a return on equity of 19.66%. The firm had revenue of $12.78 billion during the quarter, compared to analyst estimates of $13.30 billion. During the same period last year, the firm earned $1.10 EPS. Walt Disney’s quarterly revenue was down 2.8% on a year-over-year basis. sell-side analysts predict that Walt Disney will post 6.23 earnings per share for the current year.
Several hedge funds have recently modified their holdings of DIS. Janus Henderson Group PLC grew its stake in Walt Disney by 929.6% in the 2nd quarter. Janus Henderson Group PLC now owns 5,410,942 shares of the entertainment giant’s stock valued at $574,907,000 after buying an additional 4,885,398 shares during the last quarter. AJO LP grew its stake in Walt Disney by 12,331.6% in the 2nd quarter. AJO LP now owns 3,300,335 shares of the entertainment giant’s stock valued at $350,661,000 after buying an additional 3,273,787 shares during the last quarter. Vanguard Group Inc. grew its stake in Walt Disney by 2.2% in the 2nd quarter. Vanguard Group Inc. now owns 98,803,049 shares of the entertainment giant’s stock valued at $10,497,824,000 after buying an additional 2,131,932 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in Walt Disney by 247.9% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,644,700 shares of the entertainment giant’s stock valued at $280,999,000 after buying an additional 1,884,600 shares during the last quarter. Finally, Nordea Investment Management AB grew its stake in Walt Disney by 48.7% in the 2nd quarter. Nordea Investment Management AB now owns 5,313,513 shares of the entertainment giant’s stock valued at $564,561,000 after buying an additional 1,740,128 shares during the last quarter. 61.51% of the stock is currently owned by institutional investors.
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About Walt Disney
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.
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