Pivotal Research Reiterates Sell Rating for Walt Disney (DIS)

Walt Disney (NYSE:DIS)‘s stock had its “sell” rating reissued by equities researchers at Pivotal Research in a research note issued to investors on Tuesday. They presently have a $93.00 price target on the entertainment giant’s stock, up from their previous price target of $91.00. Pivotal Research’s price target suggests a potential downside of 17.31% from the stock’s current price.

A number of other research analysts also recently issued reports on the stock. Rosenblatt Securities upgraded shares of Walt Disney from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $115.00 to $130.00 in a research report on Wednesday, January 3rd. Royal Bank of Canada boosted their price target on shares of Walt Disney to $135.00 and gave the stock a “top pick” rating in a research report on Wednesday, January 3rd. Vetr downgraded shares of Walt Disney from a “buy” rating to a “hold” rating and set a $113.39 price target on the stock. in a research report on Wednesday, January 3rd. Zacks Investment Research upgraded shares of Walt Disney from a “sell” rating to a “hold” rating in a research report on Tuesday, January 2nd. Finally, Macquarie upgraded shares of Walt Disney from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $112.00 to $125.00 in a research report on Tuesday, January 2nd. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $115.77.

Walt Disney (DIS) traded up $1.48 during trading hours on Tuesday, reaching $112.47. 5,881,100 shares of the company traded hands, compared to its average volume of 9,620,000. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 0.42. Walt Disney has a twelve month low of $96.20 and a twelve month high of $116.10. The firm has a market cap of $169,860.00, a P/E ratio of 19.80, a PEG ratio of 2.38 and a beta of 1.38.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Thursday, November 9th. The entertainment giant reported $1.07 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.12 by ($0.05). The firm had revenue of $12.78 billion during the quarter, compared to analyst estimates of $13.30 billion. Walt Disney had a return on equity of 16.71% and a net margin of 14.59%. The firm’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.10 EPS. equities analysts predict that Walt Disney will post 6.23 earnings per share for the current fiscal year.

Several large investors have recently added to or reduced their stakes in DIS. Amalgamated Bank increased its stake in Walt Disney by 49.8% during the 2nd quarter. Amalgamated Bank now owns 180,632 shares of the entertainment giant’s stock valued at $19,192,000 after purchasing an additional 60,088 shares in the last quarter. Tdam USA Inc. increased its stake in Walt Disney by 4.1% during the 2nd quarter. Tdam USA Inc. now owns 195,498 shares of the entertainment giant’s stock valued at $20,666,000 after purchasing an additional 7,785 shares in the last quarter. Walter & Keenan Financial Consulting Co. MI ADV increased its stake in Walt Disney by 7.9% during the 2nd quarter. Walter & Keenan Financial Consulting Co. MI ADV now owns 24,719 shares of the entertainment giant’s stock valued at $2,626,000 after purchasing an additional 1,800 shares in the last quarter. Connecticut Wealth Management LLC increased its stake in Walt Disney by 1.4% during the 2nd quarter. Connecticut Wealth Management LLC now owns 3,038 shares of the entertainment giant’s stock valued at $315,000 after purchasing an additional 42 shares in the last quarter. Finally, Riverpark Capital Management LLC increased its stake in Walt Disney by 15.2% during the 2nd quarter. Riverpark Capital Management LLC now owns 301,225 shares of the entertainment giant’s stock valued at $32,005,000 after purchasing an additional 39,822 shares in the last quarter. Institutional investors own 61.52% of the company’s stock.

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About Walt Disney

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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