Walt Disney (DIS) Receives “Sell” Rating from Pivotal Research

Pivotal Research reissued their sell rating on shares of Walt Disney (NYSE:DIS) in a research note released on Sunday morning. They currently have a $95.00 target price on the entertainment giant’s stock.

A number of other analysts also recently issued reports on DIS. Bank of America set a $144.00 price objective on shares of Walt Disney and gave the company a buy rating in a report on Wednesday, August 8th. ValuEngine upgraded shares of Walt Disney from a sell rating to a hold rating in a report on Friday, June 15th. Zacks Investment Research upgraded shares of Walt Disney from a hold rating to a buy rating and set a $122.00 price objective on the stock in a report on Monday, June 18th. Credit Suisse Group began coverage on shares of Walt Disney in a report on Tuesday, July 10th. They issued a neutral rating and a $114.00 price objective on the stock. Finally, BMO Capital Markets lifted their price objective on shares of Walt Disney from $100.00 to $110.00 and gave the company a market perform rating in a report on Wednesday, August 8th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have issued a buy rating to the company. Walt Disney has an average rating of Buy and a consensus target price of $119.54.

Shares of DIS opened at $115.21 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.81 and a current ratio of 0.88. Walt Disney has a twelve month low of $96.80 and a twelve month high of $117.90. The company has a market capitalization of $167.72 billion, a price-to-earnings ratio of 20.21, a P/E/G ratio of 1.49 and a beta of 1.31.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Tuesday, August 7th. The entertainment giant reported $1.87 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.97 by ($0.10). Walt Disney had a net margin of 20.76% and a return on equity of 21.37%. The company had revenue of $15.23 billion during the quarter, compared to the consensus estimate of $15.49 billion. During the same period in the previous year, the firm posted $1.58 EPS. analysts anticipate that Walt Disney will post 6.92 earnings per share for the current year.

In related news, EVP Brent Woodford sold 768 shares of the business’s stock in a transaction on Monday, July 2nd. The shares were sold at an average price of $104.35, for a total transaction of $80,140.80. Following the transaction, the executive vice president now directly owns 28,493 shares in the company, valued at $2,973,244.55. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Alan N. Braverman sold 140,638 shares of the business’s stock in a transaction on Wednesday, July 11th. The stock was sold at an average price of $107.00, for a total transaction of $15,048,266.00. Following the transaction, the executive vice president now owns 160,316 shares in the company, valued at $17,153,812. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 710,954 shares of company stock worth $80,620,932. 0.38% of the stock is owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in DIS. Phocas Financial Corp. boosted its position in shares of Walt Disney by 989,639.9% in the second quarter. Phocas Financial Corp. now owns 67,054,876 shares of the entertainment giant’s stock valued at $703,000 after acquiring an additional 67,048,101 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Walt Disney by 22.2% in the second quarter. Dimensional Fund Advisors LP now owns 6,228,738 shares of the entertainment giant’s stock valued at $652,841,000 after acquiring an additional 1,129,743 shares during the period. Schwab Charles Investment Management Inc. boosted its position in shares of Walt Disney by 2.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 5,966,257 shares of the entertainment giant’s stock valued at $625,324,000 after acquiring an additional 159,265 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Walt Disney by 5.4% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 4,979,316 shares of the entertainment giant’s stock valued at $521,882,000 after acquiring an additional 254,293 shares during the period. Finally, Swiss National Bank boosted its position in shares of Walt Disney by 2.6% in the second quarter. Swiss National Bank now owns 4,971,428 shares of the entertainment giant’s stock valued at $521,055,000 after acquiring an additional 125,900 shares during the period. Hedge funds and other institutional investors own 63.00% 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.

Further Reading: Short Selling

Analyst Recommendations for Walt Disney (NYSE:DIS)

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