Walt Disney Company (The) (DIS) Earns “Buy” Rating from Piper Jaffray Companies

Piper Jaffray Companies reiterated their buy rating on shares of Walt Disney Company (The) (NYSE:DIS) in a report published on Friday morning. They currently have a $120.00 price objective on the entertainment giant’s stock.

Other analysts also recently issued research reports about the company. BMO Capital Markets reiterated an underperform rating and set a $90.00 price target (down previously from $95.00) on shares of Walt Disney Company (The) in a research note on Thursday, August 10th. FBR & Co restated a hold rating and issued a $97.00 target price on shares of Walt Disney Company (The) in a research note on Friday, September 8th. B. Riley restated a neutral rating on shares of Walt Disney Company (The) in a research note on Wednesday, November 1st. Jefferies Group LLC restated a hold rating and issued a $103.77 target price (up previously from $102.68) on shares of Walt Disney Company (The) in a research note on Friday. Finally, BidaskClub downgraded Walt Disney Company (The) from a buy rating to a hold rating in a research note on Wednesday, August 9th. Four equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and seventeen have assigned a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of $112.79.

Walt Disney Company (NYSE DIS) traded down $0.33 during trading on Friday, reaching $104.45. The company’s stock had a trading volume of 2,854,454 shares, compared to its average volume of 7,198,479. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 0.42. The stock has a market cap of $161,730.00, a P/E ratio of 18.38, a PEG ratio of 2.30 and a beta of 1.37. Walt Disney Company has a twelve month low of $95.78 and a twelve month high of $116.10.

Walt Disney Company (The) (NYSE:DIS) last posted its quarterly earnings results on Thursday, November 9th. The entertainment giant reported $1.07 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.12 by ($0.05). The firm had revenue of $12.78 billion for the quarter, compared to analysts’ expectations of $13.30 billion. Walt Disney Company (The) had a net margin of 16.29% and a return on equity of 19.66%. The firm’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.10 EPS. analysts expect that Walt Disney Company will post 6.26 EPS for the current fiscal year.

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Several institutional investors and hedge funds have recently added to or reduced their stakes in DIS. Moloney Securities Asset Management LLC boosted its position in shares of Walt Disney Company (The) by 3.2% during the first quarter. Moloney Securities Asset Management LLC now owns 16,171 shares of the entertainment giant’s stock worth $1,834,000 after buying an additional 496 shares during the period. Whittier Trust Co. boosted its position in shares of Walt Disney Company (The) by 15.6% during the first quarter. Whittier Trust Co. now owns 252,155 shares of the entertainment giant’s stock worth $28,591,000 after buying an additional 34,101 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its position in shares of Walt Disney Company (The) by 3.9% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 119,019 shares of the entertainment giant’s stock worth $13,496,000 after buying an additional 4,417 shares during the period. Hennessy Advisors Inc. purchased a new position in shares of Walt Disney Company (The) during the first quarter worth $2,177,000. Finally, Capital Advisors Inc. OK boosted its position in shares of Walt Disney Company (The) by 8.9% during the first quarter. Capital Advisors Inc. OK now owns 119,751 shares of the entertainment giant’s stock worth $13,579,000 after buying an additional 9,743 shares during the period. Institutional investors and hedge funds own 61.06% of the company’s stock.

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.

Analyst Recommendations for Walt Disney Company (The) (NYSE:DIS)

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