Walt Disney (NYSE:DIS) had its price objective upped by BMO Capital Markets from $109.00 to $114.00 in a research report report published on Thursday morning, Marketbeat.com reports. BMO Capital Markets currently has a market perform rating on the entertainment giant’s stock.
DIS has been the subject of a number of other research reports. Credit Suisse Group restated a hold rating and set a $114.00 price target on shares of Walt Disney in a report on Tuesday, January 22nd. Zacks Investment Research upgraded shares of Walt Disney from a sell rating to a hold rating in a report on Thursday, January 17th. Imperial Capital upgraded shares of Walt Disney from an in-line rating to an outperform rating and raised their price target for the stock from $113.00 to $129.00 in a report on Tuesday, November 27th. Loop Capital raised their price target on shares of Walt Disney to $130.00 and gave the stock a buy rating in a report on Friday, November 9th. Finally, Wolfe Research initiated coverage on shares of Walt Disney in a report on Friday, December 7th. They set an outperform rating for the company. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the stock. Walt Disney currently has an average rating of Buy and an average price target of $124.84.
DIS opened at $111.51 on Thursday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.92 and a current ratio of 1.00. Walt Disney has a 1-year low of $97.68 and a 1-year high of $120.20. The company has a market capitalization of $166.24 billion, a price-to-earnings ratio of 15.75, a price-to-earnings-growth ratio of 2.67 and a beta of 0.96.
Walt Disney (NYSE:DIS) last released its earnings results on Tuesday, February 5th. The entertainment giant reported $1.84 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.57 by $0.27. Walt Disney had a net margin of 18.46% and a return on equity of 20.50%. The business had revenue of $15.30 billion for the quarter, compared to analyst estimates of $15.20 billion. During the same period last year, the company posted $1.89 EPS. The business’s revenue was down .3% on a year-over-year basis. Sell-side analysts forecast that Walt Disney will post 7.11 EPS for the current fiscal year.
In related news, EVP Alan N. Braverman sold 1,153 shares of Walt Disney stock in a transaction that occurred on Friday, December 28th. The shares were sold at an average price of $107.70, for a total value of $124,178.10. Following the completion of the sale, the executive vice president now owns 106,390 shares in the company, valued at approximately $11,458,203. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Brent Woodford sold 2,000 shares of Walt Disney stock in a transaction that occurred on Wednesday, February 6th. The shares were sold at an average price of $113.60, for a total transaction of $227,200.00. Following the completion of the sale, the executive vice president now owns 26,517 shares of the company’s stock, valued at approximately $3,012,331.20. The disclosure for this sale can be found here. Insiders sold a total of 14,648 shares of company stock valued at $1,616,684 in the last quarter. 0.36% of the stock is owned by insiders.
A number of institutional investors have recently bought and sold shares of the stock. Linscomb & Williams Inc. boosted its position in Walt Disney by 3.5% in the 4th quarter. Linscomb & Williams Inc. now owns 4,728 shares of the entertainment giant’s stock valued at $518,000 after buying an additional 161 shares during the period. ETRADE Capital Management LLC boosted its position in Walt Disney by 19.7% in the 4th quarter. ETRADE Capital Management LLC now owns 37,720 shares of the entertainment giant’s stock valued at $4,136,000 after buying an additional 6,214 shares during the period. Ropes Wealth Advisors LLC boosted its position in Walt Disney by 8.7% in the 4th quarter. Ropes Wealth Advisors LLC now owns 32,482 shares of the entertainment giant’s stock valued at $3,562,000 after buying an additional 2,601 shares during the period. Foresight Wealth Management LLC purchased a new position in Walt Disney in the 4th quarter valued at approximately $566,000. Finally, ZWJ Investment Counsel Inc. boosted its position in Walt Disney by 12.2% in the 4th quarter. ZWJ Investment Counsel Inc. now owns 6,269 shares of the entertainment giant’s stock valued at $687,000 after buying an additional 680 shares during the period. Hedge funds and other institutional investors own 66.58% 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 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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