Walt Disney Company (The) (NYSE:DIS) Earns “Buy” Rating from Jefferies Group LLC

Jefferies Group LLC reissued their buy rating on shares of Walt Disney Company (The) (NYSE:DIS) in a research note released on Friday, September 8th. Jefferies Group LLC currently has a $90.00 price target on the entertainment giant’s stock, down from their previous price target of $97.06.

Several other brokerages have also recently issued reports on DIS. Guggenheim reissued a buy rating and set a $122.00 target price on shares of Walt Disney Company (The) in a report on Tuesday, September 5th. BidaskClub upgraded shares of Walt Disney Company (The) from a sell rating to a hold rating in a research report on Monday, July 24th. Deutsche Bank AG reiterated a buy rating and issued a $125.00 target price (down previously from $130.00) on shares of Walt Disney Company (The) in a research report on Monday, May 15th. Credit Suisse Group reiterated an outperform rating and issued a $120.00 target price (down previously from $125.00) on shares of Walt Disney Company (The) in a research report on Wednesday, August 9th. Finally, Royal Bank Of Canada restated a buy rating and set a $130.00 price target on shares of Walt Disney Company (The) in a research report on Friday, July 14th. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and twenty-one have given a buy rating to the company. Walt Disney Company (The) has an average rating of Hold and a consensus target price of $113.98.

Shares of Walt Disney Company (NYSE:DIS) traded up 0.63% during midday trading on Friday, reaching $98.52. The company had a trading volume of 23,870,293 shares. The company has a 50 day moving average of $102.58 and a 200 day moving average of $107.67. The company has a market capitalization of $152.06 billion, a PE ratio of 17.47 and a beta of 1.42. Walt Disney Company has a one year low of $90.32 and a one year high of $116.10.

Walt Disney Company (The) (NYSE:DIS) last posted its quarterly earnings results on Tuesday, August 8th. The entertainment giant reported $1.58 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.53 by $0.05. Walt Disney Company (The) had a net margin of 16.22% and a return on equity of 19.69%. The business had revenue of $14.24 billion during the quarter, compared to analysts’ expectations of $14.44 billion. During the same quarter last year, the company posted $1.62 earnings per share. The business’s quarterly revenue was down .3% on a year-over-year basis. Analysts predict that Walt Disney Company will post $5.82 EPS for the current fiscal year.

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In related news, Director Maria Elena Lagomasino acquired 976 shares of the business’s stock in a transaction that occurred on Thursday, August 10th. The shares were acquired at an average cost of $102.34 per share, for a total transaction of $99,883.84. Following the completion of the purchase, the director now directly owns 7,513 shares in the company, valued at $768,880.42. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.38% of the stock is owned by insiders.

A number of institutional investors have recently modified their holdings of DIS. Sheets Smith Wealth Management raised its position in Walt Disney Company (The) by 6.3% in the first quarter. Sheets Smith Wealth Management now owns 18,592 shares of the entertainment giant’s stock worth $2,108,000 after acquiring an additional 1,107 shares in the last quarter. Union Bankshares Corp raised its position in Walt Disney Company (The) by 1.9% in the first quarter. Union Bankshares Corp now owns 49,013 shares of the entertainment giant’s stock worth $5,558,000 after acquiring an additional 907 shares in the last quarter. Lynch & Associates IN raised its position in Walt Disney Company (The) by 0.9% in the first quarter. Lynch & Associates IN now owns 40,005 shares of the entertainment giant’s stock worth $4,536,000 after acquiring an additional 350 shares in the last quarter. Koshinski Asset Management Inc. raised its position in Walt Disney Company (The) by 45.8% in the first quarter. Koshinski Asset Management Inc. now owns 7,971 shares of the entertainment giant’s stock worth $904,000 after acquiring an additional 2,504 shares in the last quarter. Finally, Quadrant Capital Group LLC raised its position in Walt Disney Company (The) by 5.5% in the first quarter. Quadrant Capital Group LLC now owns 4,633 shares of the entertainment giant’s stock worth $513,000 after acquiring an additional 240 shares in the last quarter. Hedge funds and other institutional investors own 61.48% 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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