Deutsche Bank AG Reaffirms “Buy” Rating for Walt Disney Company (The) (DIS)

Walt Disney Company (The) (NYSE:DIS)‘s stock had its “buy” rating reiterated by investment analysts at Deutsche Bank AG in a research report issued on Thursday. They presently have a $125.00 target price on the entertainment giant’s stock. Deutsche Bank AG’s price objective would suggest a potential upside of 22.56% from the stock’s previous close.

Several other research firms have also recently weighed in on DIS. Needham & Company LLC reiterated a “hold” rating on shares of Walt Disney Company (The) in a research report on Tuesday, April 25th. BidaskClub upgraded shares of Walt Disney Company (The) from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Credit Suisse Group reiterated an “outperform” rating and set a $120.00 price objective (down from $125.00) on shares of Walt Disney Company (The) in a research report on Wednesday. Royal Bank Of Canada reiterated a “buy” rating and set a $130.00 price objective on shares of Walt Disney Company (The) in a research report on Friday, July 14th. Finally, Loop Capital reiterated a “hold” rating and set a $108.00 price objective on shares of Walt Disney Company (The) in a research report on Thursday. Five analysts have rated the stock with a sell rating, sixteen have issued a hold rating and seventeen have given a buy rating to the company. Walt Disney Company (The) presently has an average rating of “Hold” and a consensus price target of $115.19.

Walt Disney Company (DIS) opened at 101.99 on Thursday. Walt Disney Company has a 12 month low of $90.32 and a 12 month high of $116.10. The stock’s 50 day moving average is $106.08 and its 200-day moving average is $109.24. The company has a market capitalization of $157.42 billion, a PE ratio of 18.09 and a beta of 1.40.

Walt Disney Company (The) (NYSE:DIS) last posted its quarterly earnings data on Tuesday, August 8th. The entertainment giant reported $1.58 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.53 by $0.05. Walt Disney Company (The) had a net margin of 16.22% and a return on equity of 19.69%. The company had revenue of $14.24 billion during the quarter, compared to analysts’ expectations of $14.44 billion. During the same period in the prior year, the company posted $1.62 earnings per share. Walt Disney Company (The)’s revenue for the quarter was down .3% compared to the same quarter last year. On average, analysts expect that Walt Disney Company will post $5.90 EPS for the current year.

COPYRIGHT VIOLATION WARNING: “Deutsche Bank AG Reaffirms “Buy” Rating for Walt Disney Company (The) (DIS)” was first posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are viewing this article on another site, it was copied illegally and reposted in violation of United States & international trademark and copyright law. The correct version of this article can be read at https://stocknewstimes.com/2017/08/12/deutsche-bank-ag-reaffirms-buy-rating-for-walt-disney-company-the-dis.html.

In other news, Chairman Robert A. Iger sold 797,578 shares of Walt Disney Company (The) stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $105.09, for a total value of $83,817,472.02. Following the completion of the transaction, the chairman now owns 1,566,484 shares in the company, valued at $164,621,803.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Maria Elena Lagomasino bought 976 shares of Walt Disney Company (The) stock in a transaction dated Thursday, August 10th. The stock was acquired at an average price of $102.34 per share, with a total value of $99,883.84. Following the purchase, the director now directly owns 7,513 shares of the company’s stock, valued at $768,880.42. The disclosure for this purchase can be found here. 0.38% of the stock is owned by company insiders.

Several institutional investors have recently bought and sold shares of the company. Norges Bank acquired a new position in Walt Disney Company (The) during the fourth quarter valued at $1,507,183,000. AJO LP boosted its position in shares of Walt Disney Company (The) by 12,331.6% in the second quarter. AJO LP now owns 3,300,335 shares of the entertainment giant’s stock valued at $350,661,000 after buying an additional 3,273,787 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Walt Disney Company (The) by 2.2% in the second quarter. Vanguard Group Inc. now owns 98,803,049 shares of the entertainment giant’s stock valued at $10,497,824,000 after buying an additional 2,131,932 shares in the last quarter. Nordea Investment Management AB boosted its position in shares of Walt Disney Company (The) by 48.7% in the second quarter. Nordea Investment Management AB now owns 5,313,513 shares of the entertainment giant’s stock valued at $564,561,000 after buying an additional 1,740,128 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its position in shares of Walt Disney Company (The) by 88.8% in the first quarter. Acadian Asset Management LLC now owns 3,345,124 shares of the entertainment giant’s stock valued at $379,305,000 after buying an additional 1,573,215 shares in the last quarter. Hedge funds and other institutional investors own 62.42% of the company’s stock.

About Walt Disney Company (The)

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.

Analyst Recommendations for Walt Disney Company (The) (NYSE:DIS)

Receive News & Ratings for Walt Disney Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walt Disney Company (The) and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply