Walt Disney Company (The)’s (DIS) “Hold” Rating Reiterated at Cowen and Company
Cowen and Company reaffirmed their hold rating on shares of Walt Disney Company (The) (NYSE:DIS) in a report published on Thursday. The firm currently has a $95.00 price target on the entertainment giant’s stock.
Several other research firms have also weighed in on DIS. Bank of America Corporation set a $125.00 target price on Walt Disney Company (The) and gave the company a hold rating in a report on Saturday, June 24th. Wells Fargo & Company reissued a market perform rating and issued a $109.00 target price on shares of Walt Disney Company (The) in a report on Thursday. Guggenheim reissued a buy rating and issued a $122.00 target price (down previously from $128.00) on shares of Walt Disney Company (The) in a report on Wednesday, July 12th. Credit Suisse Group reissued an outperform rating and issued a $125.00 target price on shares of Walt Disney Company (The) in a report on Tuesday, July 25th. Finally, BidaskClub lowered Walt Disney Company (The) from a buy rating to a hold rating in a report on Wednesday. Five equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and seventeen have issued a buy rating to the stock. Walt Disney Company (The) has an average rating of Hold and a consensus price target of $115.19.
Shares of Walt Disney Company (NYSE:DIS) traded up 0.63% during trading on Thursday, reaching $101.99. 9,410,408 shares of the company traded hands. Walt Disney Company has a 1-year low of $90.32 and a 1-year high of $116.10. The company has a market capitalization of $157.42 billion, a price-to-earnings ratio of 18.09 and a beta of 1.40. The stock’s 50 day moving average is $106.08 and its 200 day moving average is $109.24.
Walt Disney Company (The) (NYSE:DIS) last announced its quarterly earnings data on Tuesday, August 8th. The entertainment giant reported $1.58 earnings per share 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 firm had revenue of $14.24 billion for the quarter, compared to analyst estimates of $14.44 billion. During the same quarter in the prior year, the company posted $1.62 earnings per share. Walt Disney Company (The)’s quarterly revenue was down .3% on a year-over-year basis. On average, analysts forecast that Walt Disney Company will post $5.90 EPS for the current year.
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The business also recently declared a Semi-Annual dividend, which was paid on Thursday, July 27th. Investors of record on Monday, July 10th were issued a $0.78 dividend. The ex-dividend date of this dividend was Thursday, July 6th. Walt Disney Company (The)’s dividend payout ratio (DPR) is 27.56%.
In related news, Chairman Robert A. Iger sold 797,578 shares of the firm’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $105.09, for a total value of $83,817,472.02. Following the sale, the chairman now owns 1,566,484 shares of the company’s stock, valued at approximately $164,621,803.56. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Maria Elena Lagomasino purchased 976 shares of the business’s stock in a transaction that occurred on Thursday, August 10th. The stock was bought at an average cost of $102.34 per share, for a total transaction of $99,883.84. Following the acquisition, the director now owns 7,513 shares in the company, valued at approximately $768,880.42. The disclosure for this purchase can be found here. Company insiders own 0.38% of the company’s stock.
Several hedge funds have recently made changes to their positions in DIS. Vantage Financial Partners Ltd. Inc. acquired a new stake in shares of Walt Disney Company (The) during the second quarter valued at $925,000. Lee Financial Co increased its stake in shares of Walt Disney Company (The) by 7.6% in the second quarter. Lee Financial Co now owns 1,052 shares of the entertainment giant’s stock valued at $112,000 after buying an additional 74 shares during the last quarter. Thomas J. Herzfeld Advisors Inc. acquired a new stake in shares of Walt Disney Company (The) during the fourth quarter valued at $110,000. Sumitomo Mitsui Financial Group Inc. acquired a new stake in shares of Walt Disney Company (The) during the first quarter valued at $144,000. Finally, BDO Wealth Advisors LLC acquired a new stake in shares of Walt Disney Company (The) during the second quarter valued at $153,000. 62.42% of the stock is currently owned by institutional investors and hedge funds.
About Walt Disney Company (The)
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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