The Walt Disney Co. (DIS) Receives Market Perform Rating from BMO Capital Markets
BMO Capital Markets reissued their market perform rating on shares of The Walt Disney Co. (NYSE:DIS) in a report released on Monday. BMO Capital Markets currently has a $90.00 price target on the entertainment giant’s stock, down from their previous price target of $95.00.
A number of other equities research analysts have also issued reports on DIS. FBR & Co reaffirmed an outperform rating and set a $111.00 target price on shares of The Walt Disney in a report on Tuesday, June 21st. Royal Bank Of Canada reaffirmed a hold rating on shares of The Walt Disney in a report on Monday, June 27th. Barclays PLC reaffirmed an underweight rating and set a $89.00 target price on shares of The Walt Disney in a report on Thursday, June 30th. Vetr lowered shares of The Walt Disney from a strong-buy rating to a buy rating and set a $108.99 target price for the company. in a report on Thursday, June 30th. Finally, Needham & Company LLC reaffirmed a hold rating on shares of The Walt Disney in a report on Saturday, July 2nd. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of Hold and a consensus target price of $109.40.
Shares of The Walt Disney (NYSE:DIS) traded up 0.73% during midday trading on Monday, reaching $91.49. 945,625 shares of the company were exchanged. The firm has a 50-day moving average of $92.79 and a 200 day moving average of $97.42. The Walt Disney has a 52 week low of $86.25 and a 52 week high of $120.65. The firm has a market capitalization of $147.03 billion, a P/E ratio of 16.44 and a beta of 1.25.
The Walt Disney (NYSE:DIS) last released its earnings results on Tuesday, August 9th. The entertainment giant reported $1.62 earnings per share (EPS) for the quarter, topping the Zacks’ 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 business earned $14.20 billion during the quarter, compared to analyst estimates of $14.16 billion. During the same quarter in the prior year, the firm earned $1.45 earnings per share. The company’s revenue for the quarter was up 9.0% compared to the same quarter last year. On average, equities research analysts expect that The Walt Disney will post $5.78 EPS for the current year.
Institutional investors have recently bought and sold shares of the stock. Thomas J. Herzfeld Advisors Inc. purchased a new position in The Walt Disney during the second quarter worth $103,000. Balentine LLC raised its position in 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 during the period. Krilogy Financial LLC raised its position in 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 during the period. Cordasco Financial Network raised its position in 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 during the period. Finally, Opera Trading Capital purchased a new position in The Walt Disney during the first quarter worth $158,000. Hedge funds and other institutional investors own 57.96% 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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