Needham & Company LLC reaffirmed their hold rating on shares of Walt Disney (NYSE:DIS) in a research report released on Friday, AnalystRatings.com reports.

Several other research analysts have also issued reports on the company. Cfra reduced their target price on Walt Disney from $160.00 to $120.00 and set a buy rating on the stock in a research report on Tuesday, April 7th. Royal Bank of Canada reduced their target price on Walt Disney from $110.00 to $108.00 and set a sector perform rating on the stock in a research report on Wednesday, May 6th. Wells Fargo & Co upped their target price on Walt Disney from $107.00 to $118.00 and gave the company an equal weight rating in a research report on Friday, June 19th. Credit Suisse Group lowered Walt Disney from an outperform rating to a neutral rating and set a $116.00 target price on the stock. in a research report on Monday, April 20th. Finally, Imperial Capital reaffirmed a sell rating and set a $105.00 target price on shares of Walt Disney in a research report on Monday, June 22nd. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and thirteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of $126.44.

Shares of NYSE DIS opened at $111.52 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.94 and a quick ratio of 0.89. The stock has a market capitalization of $201.43 billion, a P/E ratio of 37.68, a price-to-earnings-growth ratio of 11.64 and a beta of 1.09. Walt Disney has a 1-year low of $79.07 and a 1-year high of $153.41. The business has a fifty day moving average price of $115.96 and a 200 day moving average price of $122.01.

Walt Disney (NYSE:DIS) last announced its earnings results on Tuesday, May 5th. The entertainment giant reported $0.60 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.83 by ($0.23). Walt Disney had a net margin of 6.88% and a return on equity of 9.09%. The business had revenue of $18.01 billion for the quarter, compared to analyst estimates of $17.49 billion. During the same period in the prior year, the company earned $1.61 earnings per share. The company’s quarterly revenue was up 20.7% on a year-over-year basis. As a group, equities research analysts anticipate that Walt Disney will post 1.49 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of the company. NovaPoint Capital LLC boosted its stake in shares of Walt Disney by 11.7% in the first quarter. NovaPoint Capital LLC now owns 15,741 shares of the entertainment giant’s stock worth $1,521,000 after buying an additional 1,644 shares during the last quarter. New England Research & Management Inc. boosted its position in Walt Disney by 17.7% during the first quarter. New England Research & Management Inc. now owns 25,835 shares of the entertainment giant’s stock worth $2,496,000 after purchasing an additional 3,880 shares in the last quarter. Pathstone Family Office LLC grew its holdings in Walt Disney by 16.1% in the first quarter. Pathstone Family Office LLC now owns 12,539 shares of the entertainment giant’s stock valued at $1,210,000 after purchasing an additional 1,741 shares during the period. Hayden Royal LLC grew its holdings in Walt Disney by 69.5% in the first quarter. Hayden Royal LLC now owns 7,482 shares of the entertainment giant’s stock valued at $723,000 after purchasing an additional 3,068 shares during the period. Finally, Telemus Capital LLC grew its holdings in Walt Disney by 74.5% in the first quarter. Telemus Capital LLC now owns 60,486 shares of the entertainment giant’s stock valued at $7,095,000 after purchasing an additional 25,814 shares during the period. Hedge funds and other institutional investors own 62.81% 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 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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