The Walt Disney Company (NYSE:DIS) Receives Consensus Rating of “Buy” from Analysts

The Walt Disney Company (NYSE:DISGet Rating) has been assigned a consensus recommendation of “Buy” from the twenty-six brokerages that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and sixteen have assigned a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $187.72.

A number of research firms recently weighed in on DIS. Moffett Nathanson cut their target price on shares of Walt Disney from $165.00 to $150.00 and set a “neutral” rating for the company in a report on Monday, March 7th. Guggenheim lifted their price objective on shares of Walt Disney from $165.00 to $172.00 and gave the stock a “neutral” rating in a research note on Thursday, February 10th. Evercore ISI dropped their price objective on shares of Walt Disney from $200.00 to $190.00 and set an “outperform” rating for the company in a research note on Thursday, February 10th. BMO Capital Markets lifted their price objective on shares of Walt Disney from $165.00 to $175.00 and gave the stock a “market perform” rating in a research note on Thursday, February 10th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Walt Disney from $220.00 to $200.00 and set an “overweight” rating for the company in a research note on Thursday, February 10th.

In other Walt Disney news, EVP Brent Woodford sold 226 shares of the business’s stock in a transaction dated Thursday, March 10th. The shares were sold at an average price of $132.50, for a total value of $29,945.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Christine M. Mccarthy sold 15,342 shares of the business’s stock in a transaction dated Tuesday, January 18th. The stock was sold at an average price of $151.54, for a total transaction of $2,324,926.68. The disclosure for this sale can be found here. Insiders sold 35,568 shares of company stock valued at $5,461,472 over the last 90 days. 0.10% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in the business. BlackRock Inc. raised its holdings in Walt Disney by 0.3% in the third quarter. BlackRock Inc. now owns 119,795,456 shares of the entertainment giant’s stock worth $20,265,797,000 after purchasing an additional 314,932 shares in the last quarter. State Street Corp grew its stake in shares of Walt Disney by 1.7% during the fourth quarter. State Street Corp now owns 73,140,194 shares of the entertainment giant’s stock worth $11,328,685,000 after acquiring an additional 1,200,863 shares during the last quarter. Morgan Stanley grew its stake in shares of Walt Disney by 8.0% during the third quarter. Morgan Stanley now owns 35,294,697 shares of the entertainment giant’s stock worth $5,970,803,000 after acquiring an additional 2,628,220 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Walt Disney by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 28,802,702 shares of the entertainment giant’s stock worth $4,448,175,000 after acquiring an additional 518,125 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Walt Disney during the fourth quarter worth about $2,290,736,000. Institutional investors and hedge funds own 63.65% of the company’s stock.

Shares of DIS stock traded down $0.71 on Monday, reaching $131.16. The company’s stock had a trading volume of 338,327 shares, compared to its average volume of 11,632,828. The stock’s fifty day simple moving average is $141.76 and its 200-day simple moving average is $153.30. Walt Disney has a 1 year low of $128.38 and a 1 year high of $190.40. The company has a current ratio of 1.10, a quick ratio of 1.05 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $238.79 billion, a price-to-earnings ratio of 78.41, a price-to-earnings-growth ratio of 1.28 and a beta of 1.15.

Walt Disney (NYSE:DISGet Rating) last posted its earnings results on Wednesday, February 9th. The entertainment giant reported $1.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.49. Walt Disney had a net margin of 4.22% and a return on equity of 6.26%. The firm had revenue of $21.82 billion during the quarter, compared to analyst estimates of $21.20 billion. During the same period last year, the firm posted $0.32 earnings per share. Equities research analysts forecast that Walt Disney will post 4.52 earnings per share for the current year.

About Walt Disney (Get Rating)

The Walt Disney Co is a diversified international family entertainment and media enterprise. It operates through the following segments: Disney Media and Entertainment Distribution (DMED) and Disney Parks, Experiences and Products (DPEP). The DMED segment encompasses the company’s global film and episodic television content production and distribution activities.

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Analyst Recommendations for Walt Disney (NYSE:DIS)

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