Walt Disney Co (DIS) Receives $116.97 Consensus PT from Analysts
Walt Disney Co (NYSE:DIS) has been given an average rating of “Hold” by the thirty-six ratings firms that are covering the company, Marketbeat reports. Four analysts have rated the stock with a sell recommendation, thirteen have assigned a hold recommendation, seventeen have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $117.42.
Several research analysts have weighed in on the stock. Piper Jaffray Companies set a $130.00 price objective on shares of Walt Disney and gave the stock a “buy” rating in a report on Tuesday, October 31st. JPMorgan Chase & Co. set a $125.00 price target on shares of Walt Disney and gave the stock a “buy” rating in a research report on Friday, November 10th. Rosenblatt Securities upgraded shares of Walt Disney from a “neutral” rating to a “buy” rating and raised their price target for the stock from $115.00 to $130.00 in a research report on Wednesday, January 3rd. Zacks Investment Research downgraded shares of Walt Disney from a “hold” rating to a “sell” rating in a research report on Tuesday, January 9th. Finally, Vetr downgraded shares of Walt Disney from a “buy” rating to a “hold” rating and set a $106.77 price target on the stock. in a research report on Monday, November 13th.
Shares of Walt Disney (NYSE:DIS) traded down $1.79 during mid-day trading on Tuesday, reaching $108.70. 9,950,000 shares of the company’s stock traded hands, compared to its average volume of 7,470,000. The firm has a market cap of $164,170.00, a price-to-earnings ratio of 19.14, a P/E/G ratio of 1.89 and a beta of 1.30. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.74 and a current ratio of 0.81. Walt Disney has a 52 week low of $96.20 and a 52 week high of $116.10.
The company also recently disclosed a Semi-Annual dividend, which was paid on Thursday, January 11th. Investors of record on Monday, December 11th were given a $0.84 dividend. The ex-dividend date of this dividend was Friday, December 8th. Walt Disney’s dividend payout ratio is presently 29.58%.
A number of large investors have recently modified their holdings of DIS. Vanguard Group Inc. increased its stake in Walt Disney by 2.2% during the 2nd quarter. Vanguard Group Inc. now owns 98,803,049 shares of the entertainment giant’s stock valued at $10,497,824,000 after buying an additional 2,131,932 shares during the period. Northern Trust Corp boosted its holdings in shares of Walt Disney by 2.5% during the second quarter. Northern Trust Corp now owns 20,462,287 shares of the entertainment giant’s stock worth $2,174,118,000 after purchasing an additional 500,349 shares during the period. Legal & General Group Plc boosted its holdings in shares of Walt Disney by 3.8% during the third quarter. Legal & General Group Plc now owns 8,186,026 shares of the entertainment giant’s stock worth $806,872,000 after purchasing an additional 300,973 shares during the period. Parnassus Investments CA lifted its stake in Walt Disney by 19.3% in the third quarter. Parnassus Investments CA now owns 6,941,130 shares of the entertainment giant’s stock valued at $684,187,000 after acquiring an additional 1,123,949 shares during the last quarter. Finally, Swiss National Bank lifted its stake in Walt Disney by 7.8% in the second quarter. Swiss National Bank now owns 5,777,328 shares of the entertainment giant’s stock valued at $613,841,000 after acquiring an additional 420,200 shares during the last quarter. Hedge funds and other institutional investors own 61.62% of the company’s stock.
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About Walt Disney
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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