Walt Disney (NYSE:DIS) had its price target trimmed by Deutsche Bank from $147.00 to $128.00 in a research note released on Tuesday, The Fly reports. They currently have a hold rating on the entertainment giant’s stock.
A number of other equities analysts have also weighed in on the company. Moffett Nathanson lowered Walt Disney from a buy rating to a neutral rating and set a $112.00 target price for the company. in a research report on Monday, May 4th. TheStreet lowered Walt Disney from a b- rating to a c+ rating in a research report on Thursday, March 12th. Imperial Capital decreased their target price on Walt Disney from $118.00 to $107.00 and set an in-line rating for the company in a research report on Thursday, April 2nd. Royal Bank of Canada decreased their target price on Walt Disney from $110.00 to $108.00 and set a sector perform rating for the company in a research report on Wednesday, May 6th. Finally, Atlantic Securities raised Walt Disney from a neutral rating to an overweight rating and decreased their target price for the stock from $153.00 to $119.00 in a research report on Thursday, April 2nd. Fourteen investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $126.58.
Walt Disney stock traded up $0.19 during mid-day trading on Tuesday, reaching $118.02. The stock had a trading volume of 9,279,862 shares, compared to its average volume of 22,923,716. The company has a market capitalization of $212.83 billion, a price-to-earnings ratio of 39.87, a PEG ratio of 11.04 and a beta of 1.08. The company has a 50-day moving average price of $104.80 and a two-hundred day moving average price of $127.09. Walt Disney has a one year low of $79.07 and a one year high of $153.41. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.94 and a quick ratio of 0.89.
Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Tuesday, May 5th. The entertainment giant reported $0.60 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.83 by ($0.23). Walt Disney had a return on equity of 9.09% and a net margin of 6.88%. The firm had revenue of $18.01 billion during the quarter, compared to the consensus estimate of $17.49 billion. During the same quarter in the previous year, the firm earned $1.61 EPS. The business’s revenue for the quarter was up 20.7% on a year-over-year basis. On average, equities research analysts anticipate that Walt Disney will post 2.09 earnings per share for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company increased its holdings in Walt Disney by 4.5% in the 1st quarter. The Manufacturers Life Insurance Company now owns 3,950,972 shares of the entertainment giant’s stock worth $381,664,000 after acquiring an additional 171,348 shares in the last quarter. Sculati Wealth Management LLC increased its holdings in Walt Disney by 11.3% in the 1st quarter. Sculati Wealth Management LLC now owns 15,082 shares of the entertainment giant’s stock worth $1,457,000 after acquiring an additional 1,535 shares in the last quarter. Integrated Investment Consultants LLC increased its holdings in Walt Disney by 5.8% in the 1st quarter. Integrated Investment Consultants LLC now owns 7,879 shares of the entertainment giant’s stock worth $761,000 after acquiring an additional 435 shares in the last quarter. Patton Albertson Miller Group LLC boosted its stake in Walt Disney by 10.6% in the 1st quarter. Patton Albertson Miller Group LLC now owns 23,806 shares of the entertainment giant’s stock worth $2,300,000 after purchasing an additional 2,290 shares during the period. Finally, Cim Investment Mangement Inc. boosted its stake in Walt Disney by 129.4% in the 1st quarter. Cim Investment Mangement Inc. now owns 8,522 shares of the entertainment giant’s stock worth $823,000 after purchasing an additional 4,807 shares during the period. 63.10% of the stock is owned by institutional investors.
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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