Rosenblatt Securities Reaffirms “Buy” Rating for Walt Disney (NYSE:DIS)

Walt Disney (NYSE:DIS)‘s stock had its “buy” rating reaffirmed by stock analysts at Rosenblatt Securities in a report released on Friday,Benzinga reports. They currently have a $141.00 price objective on the entertainment giant’s stock. Rosenblatt Securities’ price objective indicates a potential upside of 27.39% from the stock’s previous close.

Other research analysts have also issued reports about the stock. Stephens reiterated a “buy” rating on shares of Walt Disney in a report on Monday, August 11th. Raymond James Financial reiterated a “neutral” rating on shares of Walt Disney in a report on Monday, August 11th. Needham & Company LLC reiterated a “buy” rating and set a $125.00 price objective on shares of Walt Disney in a report on Tuesday, September 23rd. Wall Street Zen lowered shares of Walt Disney from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. Finally, Susquehanna reiterated a “neutral” rating on shares of Walt Disney in a report on Monday, August 11th. Nineteen analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $132.90.

Walt Disney Price Performance

Walt Disney stock opened at $110.69 on Friday. Walt Disney has a 12-month low of $80.10 and a 12-month high of $124.69. The stock has a market capitalization of $199.00 billion, a P/E ratio of 17.35, a P/E/G ratio of 1.45 and a beta of 1.54. The firm’s 50-day moving average is $114.86 and its two-hundred day moving average is $110.83. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.16. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The company had revenue of $23.65 billion for the quarter, compared to analysts’ expectations of $23.69 billion. During the same period last year, the company earned $1.39 EPS. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. Equities analysts predict that Walt Disney will post 5.47 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Copeland Capital Management LLC acquired a new stake in Walt Disney in the third quarter valued at approximately $25,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Walt Disney during the first quarter valued at approximately $26,000. DiNuzzo Private Wealth Inc. raised its stake in shares of Walt Disney by 82.5% during the second quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock valued at $26,000 after purchasing an additional 94 shares during the period. Kessler Investment Group LLC raised its stake in shares of Walt Disney by 274.0% during the first quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant’s stock valued at $27,000 after purchasing an additional 200 shares during the period. Finally, Harbor Asset Planning Inc. purchased a new stake in shares of Walt Disney during the second quarter valued at approximately $37,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

About Walt Disney

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.