Walt Disney Company (The) (NYSE:DIS)‘s stock had its “buy” rating restated by stock analysts at Royal Bank Of Canada in a research note issued on Friday. They currently have a $130.00 target price on the entertainment giant’s stock. Royal Bank Of Canada’s price target indicates a potential upside of 24.06% from the company’s previous close.
A number of other brokerages have also recently issued reports on DIS. Goldman Sachs Group, Inc. (The) set a $134.00 price objective on Walt Disney Company (The) and gave the company a “buy” rating in a research note on Saturday, May 20th. Vetr cut Walt Disney Company (The) from a “buy” rating to a “hold” rating and set a $115.94 price objective for the company. in a research note on Monday, March 20th. Macquarie cut Walt Disney Company (The) from an “outperform” rating to a “neutral” rating and lifted their price objective for the company from $90.32 to $105.00 in a research note on Wednesday, May 17th. Deutsche Bank AG reiterated a “buy” rating and set a $125.00 price objective (down previously from $130.00) on shares of Walt Disney Company (The) in a research note on Monday, May 15th. Finally, FBR & Co lifted their price objective on Walt Disney Company (The) from $113.00 to $116.00 and gave the company a “mkt perform” rating in a research note on Friday, April 7th. Seven equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and seventeen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $116.17.
Walt Disney Company (NYSE DIS) traded up 0.835% during midday trading on Friday, hitting $105.665. The stock had a trading volume of 4,638,131 shares. The firm’s 50-day moving average price is $106.63 and its 200 day moving average price is $109.31. Walt Disney Company has a 12 month low of $90.32 and a 12 month high of $116.10. The company has a market cap of $165.35 billion, a P/E ratio of 18.428 and a beta of 1.39.
Walt Disney Company (The) (NYSE:DIS) last released its earnings results on Tuesday, May 9th. The entertainment giant reported $1.50 EPS for the quarter, beating the Zacks’ consensus estimate of $1.45 by $0.05. The company had revenue of $13.34 billion during the quarter, compared to analysts’ expectations of $13.44 billion. Walt Disney Company (The) had a return on equity of 19.81% and a net margin of 16.63%. The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.36 EPS. On average, analysts expect that Walt Disney Company will post $5.92 earnings per share for the current fiscal year.
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In other news, Chairman Robert A. Iger sold 797,578 shares of the company’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $105.09, for a total transaction of $83,817,472.02. Following the transaction, the chairman now owns 1,566,484 shares of the company’s stock, valued at $164,621,803.56. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Susan E. Arnold sold 12,143 shares of the company’s stock in a transaction that occurred on Thursday, May 11th. The shares were sold at an average price of $109.02, for a total value of $1,323,829.86. Following the transaction, the director now directly owns 48,673 shares in the company, valued at approximately $5,306,330.46. The disclosure for this sale can be found here. Corporate insiders own 13.00% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in DIS. Rockefeller Financial Services Inc. boosted its position in shares of Walt Disney Company (The) by 3.3% in the second quarter. Rockefeller Financial Services Inc. now owns 52,904 shares of the entertainment giant’s stock valued at $5,621,000 after buying an additional 1,668 shares during the period. Cribstone Capital Management LLC boosted its position in shares of Walt Disney Company (The) by 8.1% in the second quarter. Cribstone Capital Management LLC now owns 3,580 shares of the entertainment giant’s stock valued at $380,000 after buying an additional 267 shares during the period. Culbertson A N & Co. Inc. boosted its position in shares of Walt Disney Company (The) by 0.6% in the second quarter. Culbertson A N & Co. Inc. now owns 24,884 shares of the entertainment giant’s stock valued at $2,644,000 after buying an additional 140 shares during the period. Main Street Research LLC boosted its position in shares of Walt Disney Company (The) by 5.9% in the second quarter. Main Street Research LLC now owns 5,938 shares of the entertainment giant’s stock valued at $631,000 after buying an additional 331 shares during the period. Finally, Wendell David Associates Inc. boosted its position in shares of Walt Disney Company (The) by 7.5% in the second quarter. Wendell David Associates Inc. now owns 53,062 shares of the entertainment giant’s stock valued at $5,638,000 after buying an additional 3,693 shares during the period. 62.54% of the stock is currently owned by institutional investors.
Walt Disney Company (The) Company Profile
The Walt Disney Company is an entertainment company. The Company operates in four business segments: Media Networks, Parks and Resorts, Studio Entertainment, and Consumer Products & Interactive Media. The media networks segment includes cable and broadcast television networks, television production and distribution operations, domestic television stations, and radio networks and stations.
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