Walt Disney’s (DIS) “Buy” Rating Reaffirmed at Daiwa Capital Markets

Daiwa Capital Markets restated their buy rating on shares of Walt Disney (NYSE:DISFree Report) in a research note published on Monday morning, Benzinga reports. They currently have a $133.00 price target on the entertainment giant’s stock.

A number of other equities research analysts also recently weighed in on DIS. Morgan Stanley boosted their target price on Walt Disney from $110.00 to $135.00 and gave the stock an overweight rating in a research report on Monday, March 4th. Deutsche Bank Aktiengesellschaft dropped their target price on Walt Disney from $115.00 to $110.00 and set a buy rating for the company in a research report on Wednesday, February 7th. Needham & Company LLC upped their price objective on Walt Disney from $120.00 to $145.00 and gave the company a buy rating in a report on Thursday, March 28th. Rosenblatt Securities dropped their price objective on Walt Disney from $114.00 to $112.00 and set a buy rating for the company in a report on Friday, December 22nd. Finally, Wells Fargo & Company upped their price objective on Walt Disney from $115.00 to $128.00 and gave the company an overweight rating in a report on Thursday, February 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-one have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $119.96.

Get Our Latest Analysis on Walt Disney

Walt Disney Price Performance

Walt Disney stock opened at $121.53 on Monday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.77 and a current ratio of 0.84. The firm has a market cap of $222.92 billion, a P/E ratio of 74.57, a P/E/G ratio of 1.88 and a beta of 1.41. The business’s fifty day moving average is $108.46 and its two-hundred day moving average is $95.16. Walt Disney has a 52 week low of $78.73 and a 52 week high of $123.74.

Walt Disney (NYSE:DISGet Free Report) last released its earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.25. The company had revenue of $23.50 billion during the quarter, compared to the consensus estimate of $23.71 billion. Walt Disney had a return on equity of 7.88% and a net margin of 3.36%. The firm’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.99 earnings per share. Equities research analysts forecast that Walt Disney will post 4.66 earnings per share for the current fiscal year.

Walt Disney Cuts Dividend

The business also recently declared a semi-annual dividend, which will be paid on Thursday, July 25th. Investors of record on Monday, July 8th will be given a dividend of $0.45 per share. The ex-dividend date is Monday, July 8th. This represents a yield of 0.5%. Walt Disney’s dividend payout ratio (DPR) is presently 55.56%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Carolinas Wealth Consulting LLC boosted its position in Walt Disney by 2.9% during the first quarter. Carolinas Wealth Consulting LLC now owns 3,575 shares of the entertainment giant’s stock valued at $490,000 after purchasing an additional 100 shares during the last quarter. Compton Capital Management Inc. RI lifted its position in shares of Walt Disney by 0.5% in the first quarter. Compton Capital Management Inc. RI now owns 20,689 shares of the entertainment giant’s stock valued at $2,838,000 after buying an additional 100 shares during the last quarter. Weil Company Inc. lifted its position in shares of Walt Disney by 0.5% in the fourth quarter. Weil Company Inc. now owns 20,295 shares of the entertainment giant’s stock valued at $1,832,000 after buying an additional 101 shares during the last quarter. BlackDiamond Wealth Management LLC lifted its position in shares of Walt Disney by 3.3% in the fourth quarter. BlackDiamond Wealth Management LLC now owns 3,286 shares of the entertainment giant’s stock valued at $318,000 after buying an additional 104 shares during the last quarter. Finally, Evolution Advisers Inc. lifted its position in shares of Walt Disney by 38.2% in the fourth quarter. Evolution Advisers Inc. now owns 380 shares of the entertainment giant’s stock valued at $34,000 after buying an additional 105 shares during the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Company Profile

(Get Free Report)

The Walt Disney Company operates as an entertainment company worldwide. It operates through three segments: Entertainment, Sports, and Experiences. The company produces and distributes film and television video streaming content under the ABC Television Network, Disney, Freeform, FX, Fox, National Geographic, and Star brand television channels, as well as ABC television stations and A+E television networks; and produces original content under the ABC Signature, Disney Branded Television, FX Productions, Lucasfilm, Marvel, National Geographic Studios, Pixar, Searchlight Pictures, Twentieth Century Studios, 20th Television, and Walt Disney Pictures banners.

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