Walt Disney (DIS) Upgraded to “Buy” by Rosenblatt Securities

Rosenblatt Securities upgraded shares of Walt Disney (NYSE:DIS) from a neutral rating to a buy rating in a report released on Wednesday morning. Rosenblatt Securities currently has $130.00 target price on the entertainment giant’s stock, up from their prior target price of $115.00.

A number of other equities research analysts have also commented on the company. Royal Bank of Canada raised their price objective on Walt Disney to $135.00 and gave the stock a top pick rating in a research report on Wednesday. Vetr lowered Walt Disney from a buy rating to a hold rating and set a $113.39 price target for the company. in a report on Wednesday. Zacks Investment Research upgraded Walt Disney from a sell rating to a hold rating in a report on Tuesday. Macquarie upgraded Walt Disney from a neutral rating to an outperform rating and lifted their price target for the company from $112.00 to $125.00 in a report on Tuesday. Finally, Credit Suisse Group reiterated a buy rating on shares of Walt Disney in a report on Friday, December 22nd. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Walt Disney currently has a consensus rating of Hold and a consensus price target of $114.91.

Shares of Walt Disney (DIS) traded down $0.73 during midday trading on Wednesday, reaching $111.50. The company’s stock had a trading volume of 3,687,169 shares, compared to its average volume of 9,223,033. Walt Disney has a 12-month low of $96.20 and a 12-month high of $116.10. The firm has a market cap of $168,310.00, a price-to-earnings ratio of 19.63, a PEG ratio of 2.39 and a beta of 1.38. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.81 and a quick ratio of 0.74.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Thursday, November 9th. The entertainment giant reported $1.07 EPS for the quarter, missing the Zacks’ consensus estimate of $1.12 by ($0.05). Walt Disney had a return on equity of 19.66% and a net margin of 16.29%. The business had revenue of $12.78 billion for the quarter, compared to analyst estimates of $13.30 billion. During the same quarter in the previous year, the business posted $1.10 earnings per share. The company’s revenue was down 2.8% compared to the same quarter last year. equities research analysts forecast that Walt Disney will post 6.23 EPS for the current fiscal year.

The business also recently announced a Semi-Annual dividend, which will be paid on Thursday, January 11th. Investors of record on Monday, December 11th will be issued a $0.84 dividend. The ex-dividend date of this dividend is Friday, December 8th. Walt Disney’s dividend payout ratio (DPR) is currently 29.58%.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in Walt Disney by 2.2% in the 2nd quarter. Vanguard Group Inc. now owns 98,803,049 shares of the entertainment giant’s stock worth $10,497,824,000 after buying an additional 2,131,932 shares during the period. Northern Trust Corp increased its position in Walt Disney by 2.5% in the 2nd quarter. Northern Trust Corp now owns 20,462,287 shares of the entertainment giant’s stock worth $2,174,118,000 after buying an additional 500,349 shares during the period. Legal & General Group Plc increased its position in Walt Disney by 3.8% in the 3rd quarter. Legal & General Group Plc now owns 8,186,026 shares of the entertainment giant’s stock worth $806,872,000 after buying an additional 300,973 shares during the period. Parnassus Investments CA increased its position in Walt Disney by 19.3% in the 3rd quarter. Parnassus Investments CA now owns 6,941,130 shares of the entertainment giant’s stock worth $684,187,000 after buying an additional 1,123,949 shares during the period. Finally, Swiss National Bank increased its position in Walt Disney by 7.8% in the 2nd quarter. Swiss National Bank now owns 5,777,328 shares of the entertainment giant’s stock worth $613,841,000 after buying an additional 420,200 shares during the period. Hedge funds and other institutional investors own 61.51% of the company’s stock.

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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.

Analyst Recommendations for Walt Disney (NYSE:DIS)

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