Walt Disney Company (The) (DIS) Downgraded by Vetr Inc.

Walt Disney Company (The) (NYSE:DIS) was downgraded by equities researchers at Vetr from a “buy” rating to a “hold” rating in a research report issued on Thursday, July 27th. They currently have a $110.54 price objective on the entertainment giant’s stock. Vetr‘s price objective would suggest a potential upside of 9.01% from the company’s current price.

A number of other brokerages have also recently commented on DIS. Needham & Company LLC reaffirmed a “hold” rating on shares of Walt Disney Company (The) in a report on Tuesday, April 25th. BidaskClub raised Walt Disney Company (The) from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Goldman Sachs Group, Inc. (The) set a $138.00 target price on Walt Disney Company (The) and gave the stock a “buy” rating in a report on Tuesday, April 11th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $125.00 target price (down from $130.00) on shares of Walt Disney Company (The) in a report on Monday, May 15th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $130.00 target price on shares of Walt Disney Company (The) in a report on Friday, July 14th. Five analysts have rated the stock with a sell rating, sixteen have issued a hold rating and seventeen have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $115.19.

Shares of Walt Disney Company (NYSE:DIS) traded up 0.380% during trading on Thursday, hitting $101.785. The stock had a trading volume of 2,691,025 shares. The firm has a market capitalization of $157.10 billion, a P/E ratio of 18.053 and a beta of 1.40. Walt Disney Company has a 1-year low of $90.32 and a 1-year high of $116.10. The stock’s 50-day moving average price is $105.99 and its 200 day moving average price is $109.21.

Walt Disney Company (The) (NYSE:DIS) last announced its earnings results on Tuesday, August 8th. The entertainment giant reported $1.58 EPS for the quarter, topping the Zacks’ consensus estimate of $1.53 by $0.05. Walt Disney Company (The) had a return on equity of 19.69% and a net margin of 16.22%. The company had revenue of $14.24 billion for the quarter, compared to analysts’ expectations of $14.44 billion. During the same period last year, the firm earned $1.62 EPS. Walt Disney Company (The)’s revenue for the quarter was down .3% compared to the same quarter last year. On average, analysts anticipate that Walt Disney Company will post $5.89 earnings per share for the current year.

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In related news, Chairman Robert A. Iger sold 797,578 shares of the business’s stock in a transaction that occurred on 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 of the company’s stock, valued at $164,621,803.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Maria Elena Lagomasino acquired 976 shares of Walt Disney Company (The) stock in a transaction that occurred on Thursday, August 10th. The stock was acquired at an average cost 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. Insiders own 13.00% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Ally Financial Inc. increased its position in shares of Walt Disney Company (The) by 10.0% in the fourth quarter. Ally Financial Inc. now owns 110,000 shares of the entertainment giant’s stock worth $11,464,000 after buying an additional 10,000 shares during the last quarter. Texas Yale Capital Corp. raised its stake in shares of Walt Disney Company (The) by 72.3% in the fourth quarter. Texas Yale Capital Corp. now owns 14,616 shares of the entertainment giant’s stock worth $1,523,000 after buying an additional 6,135 shares during the period. Marietta Wealth Management LLC bought a new stake in shares of Walt Disney Company (The) during the fourth quarter worth $2,328,000. Cpcm LLC bought a new stake in shares of Walt Disney Company (The) during the fourth quarter worth $1,525,000. Finally, Sand Hill Global Advisors LLC raised its stake in shares of Walt Disney Company (The) by 1.4% in the fourth quarter. Sand Hill Global Advisors LLC now owns 85,628 shares of the entertainment giant’s stock worth $8,924,000 after buying an additional 1,189 shares during the period. 62.34% of the stock is currently owned by institutional investors and hedge funds.

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.

To view Vetr’s full report, visit Vetr’s official website.