Daiwa Capital Markets Cuts Walt Disney (NYSE:DIS) Price Target to $151.00

Walt Disney (NYSE:DISGet Rating) had its price target reduced by stock analysts at Daiwa Capital Markets from $201.00 to $151.00 in a report issued on Tuesday, The Fly reports. Daiwa Capital Markets’ price target would suggest a potential upside of 42.68% from the company’s current price.

A number of other research analysts also recently commented on DIS. Loop Capital dropped their price target on Walt Disney from $190.00 to $165.00 in a research note on Monday, April 4th. Guggenheim lifted their target price on Walt Disney from $165.00 to $172.00 and gave the company a “neutral” rating in a research report on Thursday, February 10th. BMO Capital Markets decreased their target price on Walt Disney from $140.00 to $135.00 in a research report on Thursday, May 12th. Wells Fargo & Company decreased their target price on Walt Disney from $182.00 to $153.00 in a research report on Thursday, May 12th. Finally, StockNews.com upgraded Walt Disney from a “sell” rating to a “hold” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Walt Disney currently has a consensus rating of “Buy” and an average target price of $172.12.

NYSE:DIS opened at $105.83 on Tuesday. The firm has a fifty day simple moving average of $124.07 and a 200 day simple moving average of $140.96. Walt Disney has a 1-year low of $99.47 and a 1-year high of $187.58. The stock has a market capitalization of $192.68 billion, a PE ratio of 72.99, a P/E/G ratio of 1.15 and a beta of 1.21. The company has a current ratio of 1.06, a quick ratio of 1.01 and a debt-to-equity ratio of 0.49.

Walt Disney (NYSE:DISGet Rating) last posted its earnings results on Wednesday, May 11th. The entertainment giant reported $1.08 earnings per share for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.11). Walt Disney had a return on equity of 6.87% and a net margin of 3.46%. During the same period last year, the company posted $0.79 EPS. On average, equities analysts predict that Walt Disney will post 4.22 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 on Thursday, March 10th. The stock was sold at an average price of $132.50, for a total transaction of $29,945.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.10% of the stock is currently owned by insiders.

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Walt Disney by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 140,466,474 shares of the entertainment giant’s stock worth $19,266,382,000 after acquiring an additional 2,514,894 shares during the last quarter. State Street Corp boosted its stake in Walt Disney by 1.7% in the 4th quarter. State Street Corp now owns 73,140,194 shares of the entertainment giant’s stock worth $11,328,685,000 after purchasing an additional 1,200,863 shares during the period. Morgan Stanley boosted its stake in Walt Disney by 8.0% in the 3rd quarter. Morgan Stanley now owns 35,294,697 shares of the entertainment giant’s stock worth $5,970,803,000 after purchasing an additional 2,628,220 shares during the period. Geode Capital Management LLC boosted its stake in Walt Disney by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 28,802,702 shares of the entertainment giant’s stock worth $4,448,175,000 after purchasing an additional 518,125 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in Walt Disney by 0.8% in the 1st quarter. Bank of New York Mellon Corp now owns 21,459,191 shares of the entertainment giant’s stock worth $2,943,347,000 after purchasing an additional 160,841 shares during the period. 64.17% of the stock is owned by hedge funds and other institutional investors.

About Walt Disney (Get Rating)

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. It operates through two segments, Disney Media and Entertainment Distribution; and Disney Parks, Experiences and Products. The company engages in the film and episodic television content production and distribution activities, as well as operates television broadcast networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic, and Star brands; and studios that produces motion pictures under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar, and Searchlight Pictures banners.

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