Walt Disney (DIS) Rating Lowered to Sell at Pivotal Research

Walt Disney (NYSE:DIS) was downgraded by research analysts at Pivotal Research from a “hold” rating to a “sell” rating in a research note issued to investors on Monday, Marketbeat Ratings reports. They currently have a $93.00 target price on the entertainment giant’s stock. Pivotal Research’s target price indicates a potential downside of 12.35% from the company’s current price.

The analysts wrote, “We are downgrading Disney stock from at this time, as the stock’s recent run-up fails to reflect that a higher price paid for Fox’s Entertainment assets would reduce the value of Disney to its shareholders. Alternately, the absence of completion of the transaction would also be negative for Disney as it would mean the company would be unable to realize the synergies it expects to produce from the transaction. The strategic position of the company would further be weakened relative to what would otherwise be possible without the transaction.””

DIS has been the topic of a number of other research reports. B. Riley dropped their price objective on Walt Disney from $125.00 to $123.00 and set a “neutral” rating on the stock in a report on Wednesday, May 9th. Vetr raised Walt Disney from a “buy” rating to a “strong-buy” rating and set a $113.13 price objective on the stock in a report on Friday, March 23rd. Loop Capital initiated coverage on Walt Disney in a report on Thursday, March 15th. They set a “buy” rating and a $130.00 price objective on the stock. Zacks Investment Research lowered Walt Disney from a “buy” rating to a “hold” rating in a report on Tuesday, March 13th. Finally, BMO Capital Markets raised Walt Disney from an “underperform” rating to a “market perform” rating and set a $95.00 target price on the stock in a report on Wednesday, April 25th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. Walt Disney presently has a consensus rating of “Buy” and an average target price of $118.96.

Shares of Walt Disney opened at $106.10 on Monday, Marketbeat Ratings reports. Walt Disney has a 1-year low of $96.20 and a 1-year high of $113.19. The firm has a market cap of $161.83 billion, a P/E ratio of 18.61, a price-to-earnings-growth ratio of 1.85 and a beta of 1.28. The company has a current ratio of 0.85, a quick ratio of 0.79 and a debt-to-equity ratio of 0.39.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Tuesday, May 8th. The entertainment giant reported $1.84 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.70 by $0.14. Walt Disney had a return on equity of 21.13% and a net margin of 20.16%. The firm had revenue of $14.55 billion for the quarter, compared to analyst estimates of $14.11 billion. During the same quarter in the prior year, the company posted $1.50 earnings per share. Walt Disney’s quarterly revenue was up 9.1% on a year-over-year basis. equities analysts predict that Walt Disney will post 7.12 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of DIS. Trilogy Capital Inc. acquired a new stake in shares of Walt Disney during the first quarter valued at $107,000. Avestar Capital LLC purchased a new position in Walt Disney during the fourth quarter worth about $108,000. BDO Wealth Advisors LLC lifted its position in Walt Disney by 184.3% during the first quarter. BDO Wealth Advisors LLC now owns 1,140 shares of the entertainment giant’s stock worth $114,000 after buying an additional 739 shares during the period. Icon Wealth Partners LLC purchased a new position in Walt Disney during the fourth quarter worth about $116,000. Finally, Bruderman Asset Management LLC purchased a new position in Walt Disney during the first quarter worth about $116,000. 63.33% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Company Profile

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming services under the brand ESPN, Disney, and Freeform; broadcast businesses, which include the ABC TV Network and eight owned television stations; radio businesses consisting of the ESPN Radio network; and the Radio Disney network.

Analyst Recommendations for Walt Disney (NYSE:DIS)

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