Walt Disney (NYSE:DIS) had its target price trimmed by Imperial Capital from $147.00 to $140.00 in a research note released on Tuesday morning, BenzingaRatingsTable reports. The brokerage currently has an in-line rating on the entertainment giant’s stock. Imperial Capital also issued estimates for Walt Disney’s Q4 2019 earnings at $0.96 EPS, FY2019 earnings at $5.78 EPS, Q1 2020 earnings at $1.54 EPS, Q2 2020 earnings at $1.53 EPS, Q3 2020 earnings at $1.56 EPS, Q4 2020 earnings at $1.20 EPS, FY2020 earnings at $5.84 EPS, Q1 2021 earnings at $1.73 EPS, Q2 2021 earnings at $1.84 EPS, Q3 2021 earnings at $1.84 EPS and FY2021 earnings at $6.93 EPS.

Other research analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of Walt Disney from a strong sell rating to a hold rating and set a $120.00 target price for the company in a research report on Tuesday, July 9th. Rosenblatt Securities reiterated a buy rating and issued a $175.00 target price on shares of Walt Disney in a research report on Monday, May 6th. BMO Capital Markets upped their target price on shares of Walt Disney from $140.00 to $170.00 and gave the stock an outperform rating in a research report on Tuesday, May 7th. Citigroup reiterated a buy rating and issued a $160.00 target price (up from $132.00) on shares of Walt Disney in a research report on Thursday, June 6th. Finally, Loop Capital upped their target price on shares of Walt Disney to $165.00 and gave the stock a buy rating in a research report on Friday, June 14th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and nineteen have issued a buy rating to the stock. Walt Disney has an average rating of Buy and a consensus price target of $148.22.

Shares of NYSE:DIS opened at $136.08 on Tuesday. Walt Disney has a 52-week low of $100.35 and a 52-week high of $147.15. The firm has a fifty day moving average of $140.55 and a 200 day moving average of $129.18. The firm has a market capitalization of $243.42 billion, a PE ratio of 19.22, a price-to-earnings-growth ratio of 4.47 and a beta of 0.96. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.67 and a current ratio of 0.70.

Walt Disney (NYSE:DIS) last announced its earnings results on Tuesday, August 6th. The entertainment giant reported $1.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.76 by ($0.41). Walt Disney had a return on equity of 13.08% and a net margin of 19.02%. The company had revenue of $20.25 billion during the quarter, compared to analysts’ expectations of $21.40 billion. During the same quarter last year, the firm posted $1.87 earnings per share. The firm’s revenue was up 32.9% on a year-over-year basis. On average, sell-side analysts forecast that Walt Disney will post 6 EPS for the current fiscal year.

The firm also recently announced a Semi-Annual dividend, which was paid on Thursday, July 25th. Shareholders of record on Monday, July 8th were paid a dividend of $0.88 per share. The ex-dividend date was Friday, July 5th. Walt Disney’s dividend payout ratio is 24.86%.

In other Walt Disney news, EVP Brent Woodford sold 2,200 shares of the firm’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $138.23, for a total transaction of $304,106.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Alan N. Braverman sold 94,462 shares of the firm’s stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of $141.18, for a total transaction of $13,336,145.16. The disclosure for this sale can be found here. Insiders have sold 154,423 shares of company stock valued at $21,743,165 in the last ninety days. Insiders own 0.36% of the company’s stock.

Several large investors have recently bought and sold shares of DIS. Pactiv General Employee Benefit Trust purchased a new stake in Walt Disney in the second quarter worth approximately $25,833,000. Farmers National Bank boosted its holdings in Walt Disney by 16.9% in the second quarter. Farmers National Bank now owns 19,320 shares of the entertainment giant’s stock worth $2,698,000 after purchasing an additional 2,793 shares during the last quarter. Hodges Capital Management Inc. boosted its holdings in Walt Disney by 33.2% in the second quarter. Hodges Capital Management Inc. now owns 19,251 shares of the entertainment giant’s stock worth $2,688,000 after purchasing an additional 4,800 shares during the last quarter. First Dallas Securities Inc. boosted its holdings in Walt Disney by 122.2% in the second quarter. First Dallas Securities Inc. now owns 4,455 shares of the entertainment giant’s stock worth $622,000 after purchasing an additional 2,450 shares during the last quarter. Finally, Colonial Trust Advisors boosted its holdings in Walt Disney by 0.8% in the second quarter. Colonial Trust Advisors now owns 107,608 shares of the entertainment giant’s stock worth $15,026,000 after purchasing an additional 856 shares during the last quarter. Hedge funds and other institutional investors own 64.27% 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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