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.
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.
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.
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