Walt Disney (NYSE:DIS) had its price target lifted by BMO Capital Markets from $140.00 to $170.00 in a research note released on Tuesday, The Fly reports. They currently have an outperform rating on the entertainment giant’s stock.
A number of other research analysts have also recently issued reports on the stock. Bank of America boosted their price objective on shares of Walt Disney from $144.00 to $168.00 and gave the company a buy rating in a report on Tuesday, April 23rd. Guggenheim reaffirmed a buy rating and issued a $157.00 price target on shares of Walt Disney in a research note on Tuesday, April 23rd. Credit Suisse Group reaffirmed a hold rating and issued a $114.00 price target on shares of Walt Disney in a research note on Tuesday, January 22nd. Edward Jones raised shares of Walt Disney from a hold rating to a buy rating in a research note on Wednesday, February 13th. Finally, BTIG Research raised shares of Walt Disney from a sell rating to a neutral rating in a research report on Monday, April 15th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nineteen have issued a buy rating to the company’s stock. Walt Disney currently has a consensus rating of Buy and an average target price of $142.36.
Shares of NYSE:DIS opened at $134.04 on Tuesday. Walt Disney has a one year low of $98.81 and a one year high of $142.37. The company has a quick ratio of 0.92, a current ratio of 0.77 and a debt-to-equity ratio of 0.36. The company has a market cap of $199.15 billion, a PE ratio of 18.93, a price-to-earnings-growth ratio of 3.44 and a beta of 1.00.
Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Wednesday, May 8th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.59 by $0.02. The firm had revenue of $14.92 billion during the quarter, compared to analysts’ expectations of $14.53 billion. Walt Disney had a net margin of 22.55% and a return on equity of 15.67%. The business’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.84 earnings per share. As a group, equities research analysts forecast that Walt Disney will post 6.8 earnings per share for the current fiscal year.
In other Walt Disney news, EVP Zenia B. Mucha sold 33,000 shares of the company’s stock in a transaction on Friday, April 12th. The shares were sold at an average price of $128.88, for a total value of $4,253,040.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Brent Woodford sold 2,000 shares of the company’s stock in a transaction on Thursday, February 21st. The shares were sold at an average price of $114.35, for a total transaction of $228,700.00. Following the completion of the transaction, the executive vice president now owns 26,517 shares in the company, valued at $3,032,218.95. The disclosure for this sale can be found here. 0.36% of the stock is currently owned by insiders.
Hedge funds have recently added to or reduced their stakes in the stock. Litman Gregory Asset Management LLC acquired a new stake in shares of Walt Disney during the 4th quarter worth approximately $25,000. Crewe Advisors LLC grew its position in shares of Walt Disney by 55.6% during the 4th quarter. Crewe Advisors LLC now owns 280 shares of the entertainment giant’s stock worth $31,000 after buying an additional 100 shares during the period. Stone House Investment Management LLC acquired a new stake in shares of Walt Disney during the 1st quarter worth approximately $37,000. Financial Gravity Wealth Inc. acquired a new stake in shares of Walt Disney during the 1st quarter worth approximately $40,000. Finally, Clarfeld Financial Advisors LLC acquired a new stake in shares of Walt Disney during the 4th quarter worth approximately $42,000. Institutional investors and hedge funds own 65.92% 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 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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