The Walt Disney’s (DIS) Buy Rating Reaffirmed at Argus
The Walt Disney Co. (NYSE:DIS)‘s stock had its “buy” rating reiterated by research analysts at Argus in a research report issued to clients and investors on Wednesday. They presently have a $129.00 price target on the entertainment giant’s stock. Argus’ price target indicates a potential upside of 29.43% from the stock’s current price.
DIS has been the subject of a number of other reports. Deutsche Bank AG reiterated a “hold” rating and set a $115.00 price target on shares of The Walt Disney in a report on Thursday, August 4th. Piper Jaffray Cos. reissued an “overweight” rating and set a $120.00 price objective on shares of The Walt Disney in a research report on Monday, August 8th. Stifel Nicolaus downgraded shares of The Walt Disney to a “hold” rating in a research report on Tuesday, August 9th. Macquarie raised shares of The Walt Disney from a “neutral” rating to an “outperform” rating and set a $125.00 price objective on the stock in a research report on Wednesday, August 10th. Finally, Pivotal Research dropped their price target on The Walt Disney from $122.00 to $118.00 and set a “buy” rating on the stock in a research note on Wednesday, August 10th. Three equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and fifteen have issued a buy rating to the stock. The Walt Disney presently has a consensus rating of “Hold” and a consensus price target of $108.09.
The Walt Disney (NYSE:DIS) traded down 0.41% during midday trading on Wednesday, reaching $99.26. 7,896,059 shares of the company’s stock were exchanged. The company has a market cap of $157.97 billion, a price-to-earnings ratio of 17.32 and a beta of 1.21. The Walt Disney has a 12-month low of $86.25 and a 12-month high of $115.47. The firm has a 50-day moving average price of $94.49 and a 200 day moving average price of $96.01.
The Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Thursday, November 10th. The entertainment giant reported $1.10 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.16 by $0.06. The business earned $13.14 billion during the quarter, compared to the consensus estimate of $13.71 billion. The Walt Disney had a return on equity of 19.81% and a net margin of 16.88%. The company’s revenue was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.20 earnings per share. On average, analysts expect that The Walt Disney will post $5.95 EPS for the current fiscal year.
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In related news, EVP Alan N. Braverman sold 19,871 shares of the firm’s stock in a transaction that occurred on Wednesday, November 16th. The stock was sold at an average price of $99.00, for a total transaction of $1,967,229.00. Following the transaction, the executive vice president now owns 135,614 shares in the company, valued at approximately $13,425,786. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 13.00% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in DIS. Thomas J. Herzfeld Advisors Inc. bought a new position in shares of The Walt Disney during the second quarter valued at $103,000. Balentine LLC increased 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 valued at $105,000 after buying an additional 845 shares during the period. Lombard Odier Transatlantic Limited Partnership increased its position in shares of The Walt Disney by 71.4% in the third quarter. Lombard Odier Transatlantic Limited Partnership now owns 1,200 shares of the entertainment giant’s stock valued at $111,000 after buying an additional 500 shares during the period. Krilogy Financial LLC increased 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 valued at $126,000 after buying an additional 61 shares during the period. Finally, TLP Group LLC bought a new position in shares of The Walt Disney during the third quarter valued at $129,000. Institutional investors own 56.30% 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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