Walt Disney (NYSE:DIS) Coverage Initiated at Rosenblatt Securities

Stock analysts at Rosenblatt Securities began coverage on shares of Walt Disney (NYSE:DIS – Get Rating) in a research report issued to clients and investors on Tuesday, The Fly reports. The firm set a “buy” rating on the entertainment giant’s stock.

Other research analysts have also recently issued reports about the stock. Moffett Nathanson lowered their target price on shares of Walt Disney from $165.00 to $150.00 and set a “neutral” rating on the stock in a report on Monday, March 7th. Atlantic Securities decreased their price objective on shares of Walt Disney from $172.00 to $167.00 and set a “neutral” rating on the stock in a research note on Thursday, February 10th. Guggenheim lifted their price objective on shares of Walt Disney from $165.00 to $172.00 and gave the company a “neutral” rating in a research note on Thursday, February 10th. Credit Suisse Group set a $218.00 price objective on shares of Walt Disney in a research note on Thursday, February 10th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Walt Disney from $220.00 to $200.00 and set an “overweight” rating on the stock in a research note on Thursday, February 10th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat.com, Walt Disney currently has a consensus rating of “Buy” and a consensus price target of $187.72.

Walt Disney stock opened at $127.77 on Tuesday. The stock has a market cap of $232.62 billion, a P/E ratio of 76.05, a P/E/G ratio of 1.26 and a beta of 1.15. The company has a quick ratio of 1.05, a current ratio of 1.10 and a debt-to-equity ratio of 0.50. Walt Disney has a twelve month low of $126.82 and a twelve month high of $190.33. The company’s 50-day moving average price is $140.33 and its two-hundred day moving average price is $151.44.

Walt Disney (NYSE:DIS – Get Rating) last announced its earnings results on Wednesday, February 9th. The entertainment giant reported $1.06 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.49. Walt Disney had a net margin of 4.22% and a return on equity of 6.26%. The company had revenue of $21.82 billion for the quarter, compared to analysts’ expectations of $21.20 billion. During the same period last year, the firm earned $0.32 earnings per share. Equities analysts anticipate that Walt Disney will post 4.52 earnings per share for the current fiscal year.

In related news, EVP Brent Woodford sold 226 shares of the company’s stock in a transaction that occurred on Thursday, March 10th. The shares were sold at an average price of $132.50, for a total transaction of $29,945.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.10% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. Nikko Asset Management Americas Inc. increased its holdings in Walt Disney by 0.8% during the 3rd quarter. Nikko Asset Management Americas Inc. now owns 832,277 shares of the entertainment giant’s stock worth $141,903,000 after acquiring an additional 6,721 shares during the period. Avidian Wealth Solutions LLC increased its holdings in Walt Disney by 35.8% during the 3rd quarter. Avidian Wealth Solutions LLC now owns 13,651 shares of the entertainment giant’s stock worth $2,309,000 after acquiring an additional 3,599 shares during the period. Del Sette Capital Management LLC bought a new stake in Walt Disney during the 4th quarter worth approximately $316,000. Nations Financial Group Inc. IA ADV increased its holdings in Walt Disney by 28.5% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 16,119 shares of the entertainment giant’s stock worth $2,727,000 after acquiring an additional 3,576 shares during the period. Finally, Sarasin & Partners LLP increased its holdings in shares of Walt Disney by 7.8% in the 4th quarter. Sarasin & Partners LLP now owns 1,853,063 shares of the entertainment giant’s stock worth $287,021,000 after buying an additional 133,352 shares during the last quarter. 63.65% of the stock is currently owned by institutional investors and hedge funds.

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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