Walt Disney Co (NYSE:DIS) Given Consensus Rating of “Buy” by Brokerages

Walt Disney Co (NYSE:DIS) has been assigned an average rating of “Buy” from the twenty-four brokerages that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nineteen have given a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $146.22.

A number of research firms recently commented on DIS. Rosenblatt Securities began coverage on shares of FOX in a research note on Monday, May 6th. They set a “sell” rating and a $33.00 price target for the company. Goldman Sachs Group set a €22.50 ($26.16) price target on shares of Grand City Properties and gave the stock a “buy” rating in a research note on Thursday, April 4th. Loop Capital lifted their price target on shares of Walt Disney to $165.00 and gave the stock a “buy” rating in a research note on Friday, June 14th. Morgan Stanley reaffirmed an “overweight” rating and set a GBX 4,000 ($52.27) price target on shares of in a research note on Thursday, June 13th. Finally, UBS Group dropped their price target on shares of Cboe Global Markets from $105.00 to $103.00 and set a “neutral” rating for the company in a research note on Monday, May 6th.

Shares of NYSE:DIS traded down $0.76 on Tuesday, reaching $144.30. The company’s stock had a trading volume of 5,058,316 shares, compared to its average volume of 11,020,219. Walt Disney has a 52-week low of $100.35 and a 52-week high of $145.43. The company has a market cap of $260.08 billion, a P/E ratio of 20.38, a P/E/G ratio of 4.37 and a beta of 0.96. The business has a 50-day moving average price of $139.49. The company has a current ratio of 0.77, a quick ratio of 0.74 and a debt-to-equity ratio of 0.36.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Wednesday, May 8th. The entertainment giant reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $1.59 by $0.02. Walt Disney had a net margin of 22.55% and a return on equity of 15.67%. The business had revenue of $14.92 billion during the quarter, compared to analysts’ expectations of $14.53 billion. During the same period last year, the company posted $1.84 EPS. The business’s revenue was up 2.6% on a year-over-year basis. Equities research analysts predict that Walt Disney will post 6.57 earnings per share for the current fiscal year.

The business also recently disclosed a Semi-Annual dividend, which will be paid on Thursday, July 25th. Investors of record on Monday, July 8th will be issued a dividend of $0.88 per share. The ex-dividend date of this dividend is Friday, July 5th. Walt Disney’s payout ratio is 24.86%.

In other news, EVP Alan N. Braverman sold 94,462 shares of the business’s stock in a transaction dated Friday, July 5th. The shares were sold at an average price of $141.18, for a total value of $13,336,145.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Brent Woodford sold 2,000 shares of the business’s stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $144.25, for a total transaction of $288,500.00. The disclosure for this sale can be found here. Insiders have sold a total of 158,423 shares of company stock valued at $22,284,125 in the last quarter. 0.36% of the stock is currently owned by company insiders.

Several large investors have recently bought and sold shares of the company. Litman Gregory Asset Management LLC bought a new position in shares of Walt Disney during the 4th quarter worth approximately $25,000. Crewe Advisors LLC raised its stake in shares of Walt Disney by 55.6% during the 4th quarter. Crewe Advisors LLC now owns 280 shares of the entertainment giant’s stock worth $31,000 after acquiring an additional 100 shares in the last quarter. Portfolio Solutions LLC bought a new position in shares of Walt Disney during the 4th quarter worth approximately $43,000. Riverview Trust Co bought a new position in shares of Walt Disney during the 4th quarter worth approximately $48,000. Finally, Intercontinental Wealth Advisors LLC bought a new position in shares of Walt Disney during the 4th quarter worth approximately $52,000. Institutional investors and hedge funds own 64.15% of the company’s stock.

About Walt Disney

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses.

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Analyst Recommendations for Walt Disney (NYSE:DIS)

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