Walt Disney Company (The) (DIS) Earns “Outperform” Rating from RBC Capital Markets

RBC Capital Markets restated their outperform rating on shares of Walt Disney Company (The) (NYSE:DIS) in a research note released on Wednesday morning. The firm currently has a $130.00 price objective on the entertainment giant’s stock, up from their previous price objective of $101.00.

Several other research firms also recently issued reports on DIS. Vetr downgraded Walt Disney Company (The) from a buy rating to a hold rating and set a $115.54 price objective on the stock. in a report on Wednesday, February 1st. Guggenheim restated a neutral rating and set a $118.00 price objective on shares of Walt Disney Company (The) in a report on Tuesday, January 31st. They noted that the move was a valuation call. Goldman Sachs Group, Inc. (The) upgraded Walt Disney Company (The) from a neutral rating to a buy rating and lifted their price objective for the stock from $109.00 to $134.00 in a report on Tuesday, February 7th. Drexel Hamilton restated a hold rating and set a $107.00 price objective on shares of Walt Disney Company (The) in a report on Thursday, January 12th. Finally, Pivotal Research restated a sell rating and set a $85.00 price objective (down from $102.00) on shares of Walt Disney Company (The) in a report on Thursday, January 12th. Five research analysts have rated the stock with a sell rating, eleven have issued a hold rating and twenty have given a buy rating to the company. The stock has an average rating of Hold and a consensus target price of $114.58.

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

Shares of Walt Disney Company (NYSE:DIS) opened at 109.26 on Wednesday. The stock has a market cap of $172.77 billion, a PE ratio of 19.72 and a beta of 1.25. The stock’s 50 day moving average price is $108.08 and its 200 day moving average price is $98.79. Walt Disney Company has a 1-year low of $90.32 and a 1-year high of $111.99.

Walt Disney Company (The) (NYSE:DIS) last announced its earnings results on Tuesday, February 7th. The entertainment giant reported $1.55 EPS for the quarter, beating the consensus estimate of $1.50 by $0.05. The business had revenue of $14.78 billion for the quarter, compared to the consensus estimate of $15.30 billion. Walt Disney Company (The) had a return on equity of 19.43% and a net margin of 16.29%. The company’s revenue was down 3.0% on a year-over-year basis. During the same period last year, the business posted $1.63 EPS. On average, equities research analysts anticipate that Walt Disney Company will post $5.93 EPS for the current fiscal year.

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In other news, EVP Alan N. Braverman sold 19,871 shares of the business’s stock in a transaction 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 sale, the executive vice president now directly owns 135,614 shares of the company’s stock, valued at $13,425,786. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Brent Woodford sold 2,000 shares of the business’s stock in a transaction on Thursday, December 15th. The stock was sold at an average price of $104.50, for a total value of $209,000.00. Following the sale, the executive vice president now directly owns 27,659 shares in the company, valued at $2,890,365.50. The disclosure for this sale can be found here. Insiders have sold 32,878 shares of company stock worth $3,349,609 over the last ninety days. 13.00% of the stock is owned by insiders.

Several large investors have recently made changes to their positions in the company. LS Investment Advisors LLC raised its position in Walt Disney Company (The) by 2.3% in the second quarter. LS Investment Advisors LLC now owns 195,058 shares of the entertainment giant’s stock valued at $19,081,000 after buying an additional 4,358 shares during the last quarter. Hermes Investment Management Ltd. raised its position in Walt Disney Company (The) by 46.9% in the second quarter. Hermes Investment Management Ltd. now owns 46,650 shares of the entertainment giant’s stock valued at $4,563,000 after buying an additional 14,900 shares during the last quarter. Meeder Asset Management Inc. raised its position in Walt Disney Company (The) by 16.9% in the second quarter. Meeder Asset Management Inc. now owns 49,506 shares of the entertainment giant’s stock valued at $4,843,000 after buying an additional 7,156 shares during the last quarter. Mercer Capital Advisers Inc. raised its position in Walt Disney Company (The) by 3.9% in the second quarter. Mercer Capital Advisers Inc. now owns 52,534 shares of the entertainment giant’s stock valued at $5,139,000 after buying an additional 1,950 shares during the last quarter. Finally, Sigma Planning Corp raised its position in Walt Disney Company (The) by 9.2% in the second quarter. Sigma Planning Corp now owns 44,312 shares of the entertainment giant’s stock valued at $4,335,000 after buying an additional 3,728 shares during the last quarter. 58.65% of the stock is currently owned by institutional investors.

Walt Disney Company (The) Company Profile

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.

5 Day Chart for NYSE:DIS

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