Bank of America Analysts Give Walt Disney (DIS) a $144.00 Price Target

Bank of America set a $144.00 price target on Walt Disney (NYSE:DIS) in a research note released on Wednesday. The firm currently has a buy rating on the entertainment giant’s stock.

DIS has been the subject of a number of other research reports. B. Riley decreased their price objective on shares of Walt Disney from $125.00 to $123.00 and set a neutral rating for the company in a report on Wednesday, May 9th. Zacks Investment Research cut shares of Walt Disney from a hold rating to a sell rating in a report on Tuesday, July 31st. Pivotal Research restated a hold rating and set a $93.00 price objective on shares of Walt Disney in a report on Wednesday, May 9th. Vetr upgraded shares of Walt Disney from a buy rating to a strong-buy rating and set a $114.50 price objective for the company in a report on Tuesday, April 10th. Finally, BMO Capital Markets upgraded shares of Walt Disney from an underperform rating to a market perform rating and set a $95.00 price objective for the company in a report on Wednesday, April 25th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and fourteen have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of $118.92.

Shares of NYSE:DIS traded down $1.48 during trading on Wednesday, hitting $112.68. 5,739,040 shares of the company’s stock were exchanged, compared to its average volume of 8,518,572. Walt Disney has a 1-year low of $96.20 and a 1-year high of $117.90. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.88 and a quick ratio of 0.79. The stock has a market cap of $169.78 billion, a price-to-earnings ratio of 17.11, a P/E/G ratio of 1.50 and a beta of 1.35.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Tuesday, August 7th. The entertainment giant reported $1.87 EPS for the quarter, missing the consensus estimate of $1.97 by ($0.10). The business had revenue of $15.23 billion for the quarter, compared to analyst estimates of $15.49 billion. Walt Disney had a return on equity of 21.37% and a net margin of 20.76%. During the same quarter in the prior year, the firm earned $1.58 EPS. equities research analysts anticipate that Walt Disney will post 6.96 earnings per share for the current year.

The business also recently declared a semiannual dividend, which was paid on Thursday, July 26th. Stockholders of record on Monday, July 9th were issued a $0.84 dividend. This represents a dividend yield of 1.62%. The ex-dividend date was Friday, July 6th. This is a boost from Walt Disney’s previous semiannual dividend of $0.78. Walt Disney’s dividend payout ratio is 29.47%.

In other news, Chairman Robert A. Iger sold 437,679 shares of the company’s stock in a transaction that occurred on Monday, August 6th. The shares were sold at an average price of $115.00, for a total value of $50,333,085.00. Following the completion of the transaction, the chairman now owns 1,498,871 shares in the company, valued at $172,370,165. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Brent Woodford sold 768 shares of the company’s stock in a transaction that occurred on Monday, July 2nd. The shares were sold at an average price of $104.35, for a total transaction of $80,140.80. Following the completion of the transaction, the executive vice president now owns 28,493 shares of the company’s stock, valued at approximately $2,973,244.55. The disclosure for this sale can be found here. Insiders sold 710,002 shares of company stock valued at $80,514,432 in the last quarter. Corporate insiders own 0.38% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. Live Your Vision LLC lifted its position in shares of Walt Disney by 91.6% in the second quarter. Live Your Vision LLC now owns 1,046 shares of the entertainment giant’s stock worth $113,000 after purchasing an additional 500 shares in the last quarter. Trilogy Capital Inc. bought a new stake in shares of Walt Disney in the first quarter worth $107,000. Icon Wealth Partners LLC bought a new stake in shares of Walt Disney in the fourth quarter worth $116,000. Almanack Investment Partners LLC. bought a new stake in shares of Walt Disney in the fourth quarter worth $118,000. Finally, BDO Wealth Advisors LLC lifted its position in shares of Walt Disney by 184.3% in the first quarter. BDO Wealth Advisors LLC now owns 1,140 shares of the entertainment giant’s stock worth $114,000 after purchasing an additional 739 shares in the last quarter. Institutional investors own 63.57% of the company’s stock.

About Walt Disney

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.

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Analyst Recommendations for Walt Disney (NYSE:DIS)

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