Walt Disney (NYSE:DIS) Stock Rating Upgraded by StockNews.com

Walt Disney (NYSE:DIS) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Friday.

DIS has been the topic of several other reports. Truist Financial restated a “buy” rating and set a $105.00 target price on shares of Walt Disney in a report on Tuesday, September 19th. Credit Suisse Group dropped their price objective on Walt Disney from $126.00 to $122.00 and set an “outperform” rating on the stock in a research note on Monday, August 21st. UBS Group dropped their price objective on Walt Disney from $122.00 to $110.00 and set a “buy” rating on the stock in a research note on Monday, October 16th. Sanford C. Bernstein assumed coverage on Walt Disney in a research note on Thursday, October 5th. They issued an “outperform” rating and a $103.00 price objective on the stock. Finally, Seaport Res Ptn restated a “buy” rating on shares of Walt Disney in a research note on Friday, October 6th. One analyst has rated the stock with a sell rating, five have issued a hold rating and twenty have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $113.30.

Walt Disney Stock Performance

DIS opened at $88.27 on Friday. The firm has a market cap of $161.51 billion, a PE ratio of 68.96, a P/E/G ratio of 1.43 and a beta of 1.30. The company has a quick ratio of 1.00, a current ratio of 1.05 and a debt-to-equity ratio of 0.40. The business has a fifty day simple moving average of $82.80 and a 200-day simple moving average of $87.48. Walt Disney has a fifty-two week low of $78.73 and a fifty-two week high of $118.18.

Walt Disney (NYSE:DIS) last issued its earnings results on Wednesday, November 8th. The entertainment giant reported $0.82 EPS for the quarter, topping the consensus estimate of $0.67 by $0.15. The business had revenue of $21.24 billion during the quarter, compared to analysts’ expectations of $21.37 billion. Walt Disney had a return on equity of 7.31% and a net margin of 2.65%. Walt Disney’s revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.30 earnings per share. As a group, equities analysts predict that Walt Disney will post 4.68 EPS for the current fiscal year.

Hedge Funds Weigh In On Walt Disney

Large investors have recently added to or reduced their stakes in the business. Loomis Sayles & Co. L P grew its holdings in Walt Disney by 21.0% in the 3rd quarter. Loomis Sayles & Co. L P now owns 14,416,343 shares of the entertainment giant’s stock worth $1,168,444,000 after acquiring an additional 2,505,486 shares during the last quarter. Truepoint Inc. boosted its stake in shares of Walt Disney by 131.8% during the 3rd quarter. Truepoint Inc. now owns 6,039 shares of the entertainment giant’s stock valued at $489,000 after purchasing an additional 3,434 shares in the last quarter. Heritage Investors Management Corp boosted its stake in shares of Walt Disney by 10.9% during the 3rd quarter. Heritage Investors Management Corp now owns 395,771 shares of the entertainment giant’s stock valued at $32,081,000 after purchasing an additional 38,970 shares in the last quarter. Mizuho Markets Cayman LP bought a new stake in shares of Walt Disney during the 3rd quarter valued at about $1,104,000. Finally, Jackson Hole Capital Partners LLC boosted its stake in shares of Walt Disney by 1.2% during the 3rd quarter. Jackson Hole Capital Partners LLC now owns 21,071 shares of the entertainment giant’s stock valued at $1,708,000 after purchasing an additional 260 shares in the last quarter. Hedge funds and other institutional investors own 61.17% of the company’s stock.

Walt Disney Company Profile

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 networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic, and Star brands; and studios that produces films under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar, and Searchlight Pictures banners.