Wolfe Research initiated coverage on shares of Walt Disney (NYSE:DIS) in a report issued on Friday, The Fly reports. The firm issued an outperform rating on the entertainment giant’s stock.
A number of other research firms have also recently issued reports on DIS. Zacks Investment Research upgraded Walt Disney from a sell rating to a hold rating in a research report on Monday, October 1st. ValuEngine raised Walt Disney from a hold rating to a buy rating in a research note on Friday, October 19th. Pivotal Research reiterated a sell rating and issued a $95.00 price objective on shares of Walt Disney in a report on Sunday, September 23rd. Loop Capital increased their price target on Walt Disney to $130.00 and gave the stock a buy rating in a report on Friday, November 9th. Finally, Barclays raised Walt Disney from an equal weight rating to an overweight rating and upped their price objective for the stock from $104.00 to $130.00 in a research report on Friday, October 19th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have given a buy rating to the company. The company has a consensus rating of Buy and a consensus price target of $122.39.
Shares of NYSE:DIS traded down $1.46 on Friday, reaching $111.98. 8,304,357 shares of the company were exchanged, compared to its average volume of 8,257,521. Walt Disney has a 1-year low of $97.68 and a 1-year high of $120.20. The company has a quick ratio of 0.86, a current ratio of 0.94 and a debt-to-equity ratio of 0.32. The stock has a market cap of $170.20 billion, a PE ratio of 15.82, a price-to-earnings-growth ratio of 1.72 and a beta of 1.17.
Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Thursday, November 8th. The entertainment giant reported $1.48 EPS for the quarter, topping the Zacks’ consensus estimate of $1.31 by $0.17. Walt Disney had a return on equity of 21.43% and a net margin of 21.20%. The firm had revenue of $14.30 billion during the quarter, compared to analyst estimates of $13.76 billion. During the same period last year, the company posted $1.07 EPS. The business’s quarterly revenue was up 11.9% compared to the same quarter last year. Equities analysts anticipate that Walt Disney will post 7.04 earnings per share for the current year.
The company also recently disclosed a semiannual dividend, which will be paid on Thursday, January 10th. Investors of record on Monday, December 10th will be given a dividend of $0.88 per share. This is a boost from Walt Disney’s previous semiannual dividend of $0.84. This represents a yield of 1.51%. The ex-dividend date is Friday, December 7th. Walt Disney’s dividend payout ratio (DPR) is presently 23.73%.
In other Walt Disney news, Chairman Robert A. Iger sold 47,733 shares of the stock in a transaction that occurred on Friday, November 9th. The shares were sold at an average price of $120.00, for a total value of $5,727,960.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Brent Woodford sold 961 shares of the stock in a transaction that occurred on Monday, October 1st. The shares were sold at an average price of $117.06, for a total transaction of $112,494.66. Following the completion of the sale, the executive vice president now directly owns 25,737 shares of the company’s stock, valued at approximately $3,012,773.22. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 77,886 shares of company stock valued at $9,284,819. Company insiders own 0.38% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Canton Hathaway LLC acquired a new position in shares of Walt Disney during the third quarter valued at $107,000. CSat Investment Advisory L.P. acquired a new stake in Walt Disney during the 2nd quarter worth about $112,000. Live Your Vision LLC boosted its position in Walt Disney by 91.6% during the 2nd quarter. Live Your Vision LLC now owns 1,046 shares of the entertainment giant’s stock worth $113,000 after acquiring an additional 500 shares during the period. Marshall & Sullivan Inc. WA acquired a new stake in Walt Disney during the 2nd quarter worth about $121,000. Finally, Fort L.P. acquired a new stake in shares of Walt Disney during the 2nd quarter valued at about $121,000. Hedge funds and other institutional investors own 62.99% of the company’s stock.
About Walt Disney
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: Price to Earnings Ratio (PE), For Valuing Stocks
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