Walt Disney Company (The) (DIS) Price Target Cut to $98.00 by Analysts at Barclays PLC
Walt Disney Company (The) (NYSE:DIS) had its target price decreased by analysts at Barclays PLC from $102.00 to $98.00 in a research report issued on Friday. The firm presently has an “equal weight” rating on the entertainment giant’s stock. Barclays PLC’s price target would indicate a potential downside of 3.31% from the company’s previous close.
DIS has been the topic of a number of other reports. Zacks Investment Research downgraded shares of Walt Disney Company (The) from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Macquarie reaffirmed a “neutral” rating on shares of Walt Disney Company (The) in a research note on Wednesday, May 10th. Morgan Stanley reaffirmed an “overweight” rating and issued a $130.00 price target on shares of Walt Disney Company (The) in a research note on Wednesday, June 21st. Wells Fargo & Company reaffirmed a “market perform” rating and issued a $111.00 price target on shares of Walt Disney Company (The) in a research note on Wednesday, May 10th. Finally, BidaskClub downgraded shares of Walt Disney Company (The) from a “hold” rating to a “sell” rating in a research note on Sunday, July 16th. Five research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and seventeen have assigned a buy rating to the stock. Walt Disney Company (The) currently has a consensus rating of “Hold” and a consensus target price of $115.19.
Shares of Walt Disney Company (NYSE DIS) traded up 0.39% during midday trading on Friday, hitting $101.75. The stock had a trading volume of 1,672,261 shares. The firm has a market cap of $157.05 billion, a price-to-earnings ratio of 18.05 and a beta of 1.40. The company’s 50-day moving average price is $106.14 and its 200-day moving average price is $109.28. Walt Disney Company has a 12-month low of $90.32 and a 12-month high of $116.10.
Walt Disney Company (The) (NYSE:DIS) last posted its quarterly earnings results on Tuesday, August 8th. The entertainment giant reported $1.58 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.53 by $0.05. Walt Disney Company (The) had a net margin of 16.22% and a return on equity of 19.69%. The business had revenue of $14.24 billion for the quarter, compared to the consensus estimate of $14.44 billion. During the same period in the prior year, the business posted $1.62 earnings per share. Walt Disney Company (The)’s revenue for the quarter was down .3% compared to the same quarter last year. Equities research analysts forecast that Walt Disney Company will post $5.90 EPS for the current year.
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In other news, Chairman Robert A. Iger sold 797,578 shares of the firm’s stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $105.09, for a total transaction of $83,817,472.02. Following the completion of the sale, the chairman now owns 1,566,484 shares of the company’s stock, valued at $164,621,803.56. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.38% of the company’s stock.
Hedge funds have recently modified their holdings of the stock. HM Capital Management LLC raised its stake in shares of Walt Disney Company (The) by 0.5% in the first quarter. HM Capital Management LLC now owns 2,690 shares of the entertainment giant’s stock worth $305,000 after buying an additional 14 shares in the last quarter. Fox Run Management L.L.C. bought a new stake in shares of Walt Disney Company (The) during the first quarter worth $1,270,000. Triangle Securities Wealth Management raised its stake in shares of Walt Disney Company (The) by 0.5% in the first quarter. Triangle Securities Wealth Management now owns 28,049 shares of the entertainment giant’s stock worth $3,180,000 after buying an additional 135 shares in the last quarter. Kentucky Retirement Systems bought a new stake in shares of Walt Disney Company (The) during the fourth quarter worth $11,073,000. Finally, Kentucky Retirement Systems Insurance Trust Fund bought a new stake in shares of Walt Disney Company (The) during the fourth quarter worth $4,940,000. 62.42% of the stock is owned by institutional investors and hedge funds.
About Walt Disney Company (The)
The Walt Disney Company is an entertainment company. The Company operates in four business segments: Media Networks, Parks and Resorts, Studio Entertainment, and Consumer Products & Interactive Media. The media networks segment includes cable and broadcast television networks, television production and distribution operations, domestic television stations, and radio networks and stations.
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