Walt Disney’s (DIS) “Buy” Rating Reiterated at Evercore ISI

Walt Disney (NYSE:DIS)‘s stock had its “buy” rating reiterated by analysts at Evercore ISI in a research report issued to clients and investors on Monday, AnalystRatings.com reports. They presently have a $155.00 price objective on the entertainment giant’s stock. Evercore ISI’s target price suggests a potential upside of 5.33% from the company’s current price.

Several other equities analysts have also recently weighed in on the company. UBS Group dropped their price objective on Walt Disney from $165.00 to $155.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. Sanford C. Bernstein set a $130.00 price objective on Walt Disney and gave the company a “hold” rating in a report on Thursday, September 12th. Imperial Capital dropped their price objective on Walt Disney from $140.00 to $139.00 and set an “in-line” rating for the company in a report on Thursday, September 19th. Credit Suisse Group reaffirmed a “buy” rating and issued a $150.00 price objective on shares of Walt Disney in a report on Thursday, August 8th. Finally, ValuEngine cut Walt Disney from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Six research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $153.20.

NYSE DIS traded down $1.57 during midday trading on Monday, hitting $147.15. The company had a trading volume of 28,387,639 shares, compared to its average volume of 10,394,690. The company has a market capitalization of $265.07 billion, a PE ratio of 25.50, a P/E/G ratio of 5.01 and a beta of 0.96. The company has a current ratio of 0.89, a quick ratio of 0.84 and a debt-to-equity ratio of 0.41. The firm has a 50-day moving average price of $132.01 and a 200-day moving average price of $136.33. Walt Disney has a twelve month low of $100.35 and a twelve month high of $150.63.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Thursday, November 7th. The entertainment giant reported $1.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.95 by $0.12. The firm had revenue of $19.10 billion during the quarter, compared to analysts’ expectations of $19.02 billion. Walt Disney had a return on equity of 11.38% and a net margin of 15.89%. The company’s quarterly revenue was up 33.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.48 EPS. On average, equities analysts anticipate that Walt Disney will post 5.62 EPS for the current year.

In related news, EVP Brent Woodford sold 4,000 shares of the business’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $149.00, for a total transaction of $596,000.00. Following the sale, the executive vice president now owns 36,479 shares in the company, valued at approximately $5,435,371. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Christine M. Mccarthy sold 4,617 shares of the business’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $139.20, for a total value of $642,686.40. Following the sale, the chief financial officer now owns 135,756 shares in the company, valued at approximately $18,897,235.20. The disclosure for this sale can be found here. Company insiders own 0.36% of the company’s stock.

A number of hedge funds have recently modified their holdings of DIS. Phocas Financial Corp. grew its position in Walt Disney by 1,011,623.0% during the 2nd quarter. Phocas Financial Corp. now owns 65,691,172 shares of the entertainment giant’s stock worth $91,731,000 after acquiring an additional 65,684,679 shares during the last quarter. Nuveen Asset Management LLC grew its position in Walt Disney by 6,385.2% during the 2nd quarter. Nuveen Asset Management LLC now owns 16,253,462 shares of the entertainment giant’s stock worth $2,269,633,000 after acquiring an additional 16,002,838 shares during the last quarter. Jennison Associates LLC grew its position in Walt Disney by 2,490.8% during the 2nd quarter. Jennison Associates LLC now owns 7,164,008 shares of the entertainment giant’s stock worth $1,000,382,000 after acquiring an additional 6,887,494 shares during the last quarter. Morgan Stanley grew its position in Walt Disney by 29.9% during the 2nd quarter. Morgan Stanley now owns 27,743,170 shares of the entertainment giant’s stock worth $3,874,059,000 after acquiring an additional 6,386,504 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Walt Disney by 3.3% during the 2nd quarter. Vanguard Group Inc. now owns 131,103,772 shares of the entertainment giant’s stock worth $18,307,330,000 after buying an additional 4,142,604 shares during the period. Institutional investors and hedge funds own 68.47% of the company’s stock.

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 businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses.

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Analyst Recommendations for Walt Disney (NYSE:DIS)

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