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.

Analyst Recommendations for Walt Disney Company (The) (NYSE:DIS)

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