Sanford C. Bernstein Reaffirms “Market Perform” Rating for Walt Disney Co (DIS)

Sanford C. Bernstein reaffirmed their market perform rating on shares of Walt Disney Co (NYSE:DIS) in a research note published on Thursday morning. Sanford C. Bernstein currently has a $107.00 target price on the entertainment giant’s stock.

A number of other research analysts have also recently weighed in on DIS. Jefferies Group LLC reiterated a hold rating and set a $100.00 price objective on shares of Walt Disney in a research report on Wednesday, February 8th. Stifel Nicolaus restated a hold rating and issued a $100.00 price target on shares of Walt Disney in a report on Wednesday, February 8th. Cowen and Company set a $90.00 price target on shares of Walt Disney and gave the stock a hold rating in a report on Wednesday, December 7th. Loop Capital restated a buy rating and issued a $113.00 price target on shares of Walt Disney in a report on Friday, December 16th. Finally, Vetr cut shares of Walt Disney from a buy rating to a hold rating and set a $114.56 target price on the stock. in a report on Monday, February 27th. Five equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $116.57.

Shares of Walt Disney (NYSE:DIS) traded down 0.29% during midday trading on Thursday, reaching $114.46. 2,930,389 shares of the company’s stock traded hands. Walt Disney has a 12 month low of $90.32 and a 12 month high of $115.12. The stock has a 50-day moving average price of $112.40 and a 200 day moving average price of $104.65. The firm has a market cap of $180.99 billion, a PE ratio of 20.66 and a beta of 1.25.

Walt Disney (NYSE:DIS) last released its earnings results on Tuesday, February 7th. The entertainment giant reported $1.55 EPS for the quarter, topping the consensus estimate of $1.48 by $0.07. The firm had revenue of $14.78 billion for the quarter, compared to the consensus estimate of $15.30 billion. Walt Disney had a net margin of 16.29% and a return on equity of 19.43%. The company’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.63 earnings per share. Equities research analysts predict that Walt Disney will post $5.95 earnings per share for the current year.

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In related news, EVP Brent Woodford sold 2,000 shares of the stock in a transaction on Tuesday, April 18th. The stock was sold at an average price of $114.50, for a total transaction of $229,000.00. Following the sale, the executive vice president now owns 27,745 shares of the company’s stock, valued at $3,176,802.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 13.00% of the stock is owned by company insiders.

Several hedge funds have recently bought and sold shares of DIS. Weybosset Research & Management LLC increased its position in Walt Disney by 0.3% in the third quarter. Weybosset Research & Management LLC now owns 3,013 shares of the entertainment giant’s stock valued at $280,000 after buying an additional 8 shares during the period. Community Bank & Trust Waco Texas increased its position in Walt Disney by 0.3% in the third quarter. Community Bank & Trust Waco Texas now owns 3,551 shares of the entertainment giant’s stock valued at $330,000 after buying an additional 12 shares during the period. Alpha Windward LLC increased its position in Walt Disney by 0.6% in the third quarter. Alpha Windward LLC now owns 2,695 shares of the entertainment giant’s stock valued at $250,000 after buying an additional 15 shares during the period. HM Capital Management LLC increased its position in Walt Disney by 0.6% in the third quarter. HM Capital Management LLC now owns 2,676 shares of the entertainment giant’s stock valued at $248,000 after buying an additional 15 shares during the period. Finally, Summit Financial Strategies Inc. increased its position in Walt Disney by 0.9% in the fourth quarter. Summit Financial Strategies Inc. now owns 2,173 shares of the entertainment giant’s stock valued at $226,000 after buying an additional 20 shares during the period. 58.65% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Company Profile

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.

5 Day Chart for NYSE:DIS

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