The Walt Disney Co. (DIS) Stock Rating Reaffirmed by Nomura
DIS has been the subject of a number of other research reports. FBR & Co reiterated a hold rating on shares of The Walt Disney in a research note on Sunday, September 4th. Piper Jaffray Cos. reiterated an overweight rating and set a $120.00 price objective on shares of The Walt Disney in a research note on Monday, August 8th. Jefferies Group reiterated a hold rating and set a $92.00 price objective on shares of The Walt Disney in a research note on Thursday, September 22nd. Stifel Nicolaus cut The Walt Disney from a buy rating to a hold rating and set a $110.00 price target for the company. in a research note on Wednesday, July 20th. They noted that the move was a valuation call. Finally, Needham & Company LLC restated a hold rating on shares of The Walt Disney in a research note on Saturday, July 2nd. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of $109.71.
The Walt Disney (NYSE:DIS) opened at 92.86 on Tuesday. The Walt Disney has a 1-year low of $86.25 and a 1-year high of $120.65. The stock’s 50 day moving average price is $94.14 and its 200 day moving average price is $97.92. The company has a market cap of $149.24 billion, a P/E ratio of 16.69 and a beta of 1.25.
The Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Tuesday, August 9th. The entertainment giant reported $1.62 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.61 by $0.01. The business earned $14.20 billion during the quarter, compared to analysts’ expectations of $14.16 billion. The Walt Disney had a return on equity of 19.98% and a net margin of 16.48%. The firm’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.45 earnings per share. On average, equities analysts anticipate that The Walt Disney will post $5.79 earnings per share for the current fiscal year.
A number of institutional investors have recently modified their holdings of DIS. Carnick & Kubik Group LLC purchased a new position in shares of The Walt Disney during the second quarter worth about $1,466,000. Williams Jones & Associates LLC raised its position in shares of The Walt Disney by 13.6% in the second quarter. Williams Jones & Associates LLC now owns 117,635 shares of the entertainment giant’s stock worth $11,507,000 after buying an additional 14,070 shares during the period. Kentucky Retirement Systems Insurance Trust Fund purchased a new position in shares of The Walt Disney during the second quarter worth about $5,895,000. Kentucky Retirement Systems purchased a new position in shares of The Walt Disney during the second quarter worth about $12,416,000. Finally, Mason Street Advisors LLC purchased a new position in shares of The Walt Disney during the second quarter worth about $19,667,000. Institutional investors own 57.92% of the company’s stock.
The Walt Disney Company Profile
The Walt Disney Company is a diversified entertainment company. The Company’s business segments include Media Networks, Parks and Resorts, Studio Entertainment, Consumer Products and Interactive. The Media Networks segment includes cable and broadcast television networks, television production operations, television distribution, domestic television stations, and radio networks and stations.
Receive News & Ratings for The Walt Disney Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Walt Disney Co. and related companies with MarketBeat.com's FREE daily email newsletter.