The Walt Disney Company (NYSE:DIS) Receives Average Recommendation of “Moderate Buy” from Brokerages

The Walt Disney Company (NYSE:DIS) has received a consensus rating of “Moderate Buy” from the twenty-six research firms that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-three have given a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $126.44.

Several brokerages recently issued reports on DIS. Barclays decreased their price target on shares of Walt Disney from $135.00 to $130.00 and set an “overweight” rating for the company in a research note on Wednesday, May 8th. Redburn Atlantic raised shares of Walt Disney from a “sell” rating to a “neutral” rating and set a $100.00 price objective on the stock in a research report on Tuesday, May 21st. UBS Group dropped their price target on shares of Walt Disney from $140.00 to $130.00 and set a “buy” rating on the stock in a report on Wednesday, May 8th. Evercore ISI dropped their price target on shares of Walt Disney from $130.00 to $128.00 and set an “outperform” rating on the stock in a report on Wednesday, May 8th. Finally, Moffett Nathanson dropped their price target on shares of Walt Disney from $130.00 to $125.00 and set a “buy” rating on the stock in a report on Tuesday, July 2nd.

Walt Disney Trading Up 0.5 %

NYSE:DIS opened at $97.13 on Friday. The company has a fifty day moving average of $101.78 and a 200 day moving average of $105.03. Walt Disney has a 52 week low of $78.73 and a 52 week high of $123.74. The company has a quick ratio of 0.69, a current ratio of 0.75 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $177.07 billion, a P/E ratio of 105.58, a P/E/G ratio of 1.20 and a beta of 1.40.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Tuesday, May 7th. The entertainment giant reported $1.21 EPS for the quarter, topping the consensus estimate of $1.12 by $0.09. Walt Disney had a net margin of 1.90% and a return on equity of 8.37%. The business had revenue of $22.08 billion during the quarter, compared to analyst estimates of $22.12 billion. During the same period in the prior year, the business earned $0.93 EPS. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. On average, research analysts predict that Walt Disney will post 4.75 earnings per share for the current year.

Insider Activity

In related news, Director James P. Gorman acquired 20,000 shares of Walt Disney stock in a transaction dated Wednesday, May 8th. The shares were purchased at an average price of $106.03 per share, for a total transaction of $2,120,600.00. Following the completion of the transaction, the director now directly owns 20,467 shares in the company, valued at approximately $2,170,116.01. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Walt Disney news, Director James P. Gorman bought 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The stock was purchased at an average cost of $106.03 per share, with a total value of $2,120,600.00. Following the completion of the acquisition, the director now owns 20,467 shares in the company, valued at approximately $2,170,116.01. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Sonia L. Coleman sold 4,400 shares of the firm’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $106.00, for a total transaction of $466,400.00. The disclosure for this sale can be found here. Company insiders own 0.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of DIS. Mcdonald Partners LLC boosted its stake in shares of Walt Disney by 0.5% during the first quarter. Mcdonald Partners LLC now owns 17,975 shares of the entertainment giant’s stock valued at $2,199,000 after purchasing an additional 88 shares during the period. McKinley Carter Wealth Services Inc. raised its holdings in shares of Walt Disney by 1.5% in the first quarter. McKinley Carter Wealth Services Inc. now owns 5,894 shares of the entertainment giant’s stock valued at $721,000 after acquiring an additional 89 shares in the last quarter. Sendero Wealth Management LLC raised its holdings in shares of Walt Disney by 2.0% in the first quarter. Sendero Wealth Management LLC now owns 4,649 shares of the entertainment giant’s stock valued at $569,000 after acquiring an additional 89 shares in the last quarter. Pflug Koory LLC raised its holdings in shares of Walt Disney by 1.0% in the first quarter. Pflug Koory LLC now owns 8,993 shares of the entertainment giant’s stock valued at $1,100,000 after acquiring an additional 91 shares in the last quarter. Finally, Regent Peak Wealth Advisors LLC raised its holdings in Walt Disney by 3.5% in the first quarter. Regent Peak Wealth Advisors LLC now owns 2,801 shares of the entertainment giant’s stock worth $343,000 after purchasing an additional 94 shares in the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Company Profile

The Walt Disney Company operates as an entertainment company worldwide. It operates through three segments: Entertainment, Sports, and Experiences. The company produces and distributes film and television video streaming content under the ABC Television Network, Disney, Freeform, FX, Fox, National Geographic, and Star brand television channels, as well as ABC television stations and A+E television networks; and produces original content under the ABC Signature, Disney Branded Television, FX Productions, Lucasfilm, Marvel, National Geographic Studios, Pixar, Searchlight Pictures, Twentieth Century Studios, 20th Television, and Walt Disney Pictures banners.