Walt Disney Company (NYSE:DIS) was upgraded by stock analysts at RBC Capital Markets from a "sector perform" rating to an "outperform" rating in a report released on Thursday, The Fly reports.
Other equities research analysts have also recently issued reports about the company. Cowen and Company set a $90.00 price objective on Walt Disney Company (The) and gave the company a "hold" rating in a research note on Wednesday, December 7th. Zacks Investment Research cut Walt Disney Company (The) from a "hold" rating to a "sell" rating in a research note on Wednesday, October 19th. reduced their target price on Walt Disney Company (The) from $115.00 to $108.00 and set an "outperform" rating for the company in a report on Friday, September 23rd. Brean Capital reaffirmed a "hold" rating on shares of Walt Disney Company (The) in a report on Wednesday, September 28th. Finally, Jefferies Group reaffirmed a "hold" rating and set a $92.00 target price on shares of Walt Disney Company (The) in a report on Wednesday, October 12th. Three research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of "Hold" and an average target price of $109.02.
Walt Disney Company traded down 0.06% during mid-day trading on Thursday, reaching $107.38. 6,302,974 shares of the company's stock traded hands. The firm has a 50 day moving average of $102.50 and a 200 day moving average of $96.90. The firm has a market cap of $170.89 billion, a PE ratio of 18.74 and a beta of 1.23. Walt Disney Company has a 1-year low of $86.25 and a 1-year high of $107.62.
Walt Disney Company last posted its quarterly earnings results on Thursday, November 10th. The entertainment giant reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.16 by $0.06. Walt Disney Company (The) had a net margin of 16.88% and a return on equity of 19.81%. The business earned $13.14 billion during the quarter, compared to analyst estimates of $13.71 billion. During the same period in the previous year, the business posted $1.20 EPS. The business's revenue for the quarter was down 2.7% compared to the same quarter last year. Analysts forecast that Walt Disney Company will post $5.92 EPS for the current year.
The company also recently declared a semiannual dividend, which will be paid on Wednesday, January 11th. Shareholders of record on Monday, December 12th will be issued a dividend of $0.78 per share. This represents a yield of 1.58%. The ex-dividend date is Thursday, December 8th. This is a boost from Walt Disney Company (The)'s previous semiannual dividend of $0.71. Walt Disney Company (The)'s dividend payout ratio (DPR) is currently 27.27%.
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In other Walt Disney Company (The) news, EVP Brent Woodford sold 2,000 shares of the firm's stock in a transaction that occurred on Tuesday, January 3rd. The stock was sold at an average price of $106.50, for a total transaction of $213,000.00. Following the completion of the transaction, the executive vice president now owns 27,745 shares in the company, valued at approximately $2,954,842.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Alan N. Braverman sold 19,871 shares of the firm's stock in a transaction that occurred on Wednesday, November 16th. The shares were sold at an average price of $99.00, for a total value of $1,967,229.00. Following the transaction, the executive vice president now owns 135,614 shares of the company's stock, valued at approximately $13,425,786. The disclosure for this sale can be found here. Company insiders own 13.00% of the company's stock.
Several institutional investors have recently made changes to their positions in DIS. Ferguson Wellman Capital Management Inc. boosted its position in Walt Disney Company (The) by 29.8% in the second quarter. Ferguson Wellman Capital Management Inc. now owns 32,672 shares of the entertainment giant's stock worth $3,196,000 after buying an additional 7,508 shares during the last quarter. Regent Investment Management LLC raised its stake in shares of Walt Disney Company (The) by 2.4% in the second quarter. Regent Investment Management LLC now owns 8,520 shares of the entertainment giant's stock worth $833,000 after buying an additional 200 shares during the period. Nisa Investment Advisors LLC raised its stake in shares of Walt Disney Company (The) by 4.4% in the second quarter. Nisa Investment Advisors LLC now owns 575,086 shares of the entertainment giant's stock worth $56,255,000 after buying an additional 24,158 shares during the period. Heritage Investors Management Corp raised its stake in shares of Walt Disney Company (The) by 4.1% in the second quarter. Heritage Investors Management Corp now owns 233,224 shares of the entertainment giant's stock worth $22,814,000 after buying an additional 9,111 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt raised its stake in shares of Walt Disney Company (The) by 4.9% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 183,218 shares of the entertainment giant's stock worth $17,922,000 after buying an additional 8,500 shares during the period. Hedge funds and other institutional investors own 56.68% of the company's stock.
Walt Disney Company (The) 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.
