Needham & Company LLC Reaffirms “Hold” Rating for The Walt Disney Co. (DIS)
Several other equities research analysts also recently issued reports on DIS. Morgan Stanley reiterated a hold rating on shares of The Walt Disney in a research note on Sunday, July 17th. FBR & Co reiterated a hold rating on shares of The Walt Disney in a research note on Sunday, September 4th. Wells Fargo & Co. downgraded shares of The Walt Disney to a hold rating in a research note on Thursday, August 25th. Goldman Sachs Group Inc. reiterated a neutral rating and set a $108.00 price objective (down from $109.00) on shares of The Walt Disney in a research note on Thursday, August 11th. Finally, Brean Capital reiterated a hold rating on shares of The Walt Disney in a research note on Thursday, August 11th. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. The Walt Disney presently has an average rating of Hold and an average target price of $109.71.
Shares of The Walt Disney (NYSE:DIS) traded down 0.45% during midday trading on Tuesday, reaching $92.41. 1,786,471 shares of the company traded hands. The firm has a market capitalization of $148.51 billion, a P/E ratio of 16.61 and a beta of 1.25. The Walt Disney has a 12 month low of $86.25 and a 12 month high of $120.65. The company has a 50 day moving average of $93.64 and a 200 day moving average of $97.74.
The Walt Disney (NYSE:DIS) last released its quarterly earnings data on Tuesday, August 9th. The entertainment giant reported $1.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.01. The Walt Disney had a net margin of 16.48% and a return on equity of 19.98%. The company earned $14.20 billion during the quarter, compared to the consensus estimate of $14.16 billion. During the same period in the previous year, the firm earned $1.45 earnings per share. The Walt Disney’s revenue for the quarter was up 9.0% on a year-over-year basis. On average, equities research analysts predict that The Walt Disney will post $5.78 earnings per share for the current fiscal year.
Institutional investors have recently added to or reduced their stakes in the company. Thomas J. Herzfeld Advisors Inc. purchased a new position in The Walt Disney during the second quarter worth about $103,000. Balentine LLC boosted its position in shares of The Walt Disney by 365.8% in the second quarter. Balentine LLC now owns 1,076 shares of the entertainment giant’s stock worth $105,000 after buying an additional 845 shares in the last quarter. Krilogy Financial LLC boosted its position in shares of The Walt Disney by 5.0% in the second quarter. Krilogy Financial LLC now owns 1,292 shares of the entertainment giant’s stock worth $126,000 after buying an additional 61 shares in the last quarter. Cordasco Financial Network boosted its position in shares of The Walt Disney by 149.8% in the second quarter. Cordasco Financial Network now owns 1,501 shares of the entertainment giant’s stock worth $147,000 after buying an additional 900 shares in the last quarter. Finally, Opera Trading Capital bought a new position in shares of The Walt Disney during the first quarter worth approximately $158,000. Hedge funds and other institutional investors own 57.92% of the company’s stock.
About The Walt Disney
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.
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