Walt Disney Company (The) (DIS) Shares Gap Up Following Analyst Upgrade

Walt Disney Company (The) (NYSE:DIS) gapped up before the market opened on Monday after Goldman Sachs Group, Inc. (The) raised their price target on the stock from $115.00 to $120.00. The stock had previously closed at $104.57, but opened at $104.78. Goldman Sachs Group, Inc. (The) currently has a buy rating on the stock. Walt Disney Company (The) shares last traded at $104.22, with a volume of 4719160 shares changing hands.

A number of other equities research analysts have also recently commented on DIS. Royal Bank Of Canada reissued a “buy” rating and set a $130.00 price target on shares of Walt Disney Company (The) in a report on Friday, July 14th. BMO Capital Markets reissued a “sell” rating and set a $95.00 price target on shares of Walt Disney Company (The) in a report on Sunday, July 16th. BidaskClub cut Walt Disney Company (The) from a “hold” rating to a “sell” rating in a report on Sunday, July 16th. Credit Suisse Group AG reissued an “outperform” rating and set a $125.00 price target on shares of Walt Disney Company (The) in a report on Tuesday, July 25th. Finally, Vetr cut Walt Disney Company (The) from a “buy” rating to a “hold” rating and set a $110.54 price target on the stock. in a report on Thursday, July 27th. Four analysts have rated the stock with a sell rating, seventeen have given a hold rating and seventeen have given a buy rating to the company. Walt Disney Company (The) presently has a consensus rating of “Hold” and a consensus price target of $112.79.

A number of large investors have recently modified their holdings of DIS. Janus Henderson Group PLC raised its stake in Walt Disney Company (The) by 929.6% in the second quarter. Janus Henderson Group PLC now owns 5,410,942 shares of the entertainment giant’s stock worth $574,907,000 after buying an additional 4,885,398 shares in the last quarter. AJO LP increased its position in shares of Walt Disney Company (The) by 12,331.6% during the second quarter. AJO LP now owns 3,300,335 shares of the entertainment giant’s stock worth $350,661,000 after purchasing an additional 3,273,787 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Walt Disney Company (The) by 2.2% during the second quarter. Vanguard Group Inc. now owns 98,803,049 shares of the entertainment giant’s stock worth $10,497,824,000 after purchasing an additional 2,131,932 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Walt Disney Company (The) by 247.9% during the second quarter. Arrowstreet Capital Limited Partnership now owns 2,644,700 shares of the entertainment giant’s stock worth $280,999,000 after purchasing an additional 1,884,600 shares in the last quarter. Finally, Nordea Investment Management AB increased its position in shares of Walt Disney Company (The) by 48.7% during the second quarter. Nordea Investment Management AB now owns 5,313,513 shares of the entertainment giant’s stock worth $564,561,000 after purchasing an additional 1,740,128 shares in the last quarter. 61.06% of the stock is owned by institutional investors.

The stock has a market capitalization of $159,240.00, a PE ratio of 18.38, a PEG ratio of 2.30 and a beta of 1.37. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.81 and a quick ratio of 0.74.

Walt Disney Company (The) (NYSE:DIS) last issued its quarterly earnings results on Thursday, November 9th. The entertainment giant reported $1.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.05). The business had revenue of $12.78 billion for the quarter, compared to analyst estimates of $13.30 billion. Walt Disney Company (The) had a return on equity of 19.66% and a net margin of 16.29%. The business’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.10 earnings per share. sell-side analysts forecast that Walt Disney Company will post 6.26 EPS for the current fiscal year.

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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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