Walt Disney (NYSE:DIS) Given Buy Rating at Citigroup

Walt Disney (NYSE:DIS)‘s stock had its “buy” rating reaffirmed by investment analysts at Citigroup in a research note issued on Thursday, June 6th, Marketbeat.com reports. They currently have a $160.00 price objective on the entertainment giant’s stock, up from their previous price objective of $132.00. Citigroup‘s price target points to a potential upside of 14.58% from the stock’s current price.

Several other analysts have also issued reports on the stock. BMO Capital Markets raised their price target on shares of Walt Disney from $109.00 to $114.00 and gave the stock a “market perform” rating in a research report on Thursday, February 7th. Tigress Financial restated a “buy” rating on shares of Walt Disney in a research report on Tuesday, February 12th. Edward Jones raised shares of Walt Disney from a “hold” rating to a “buy” rating in a report on Wednesday, February 13th. Rosenblatt Securities started coverage on shares of Walt Disney in a report on Tuesday, April 2nd. They set a “buy” rating and a $150.00 price objective for the company. Finally, Zacks Investment Research downgraded shares of Walt Disney from a “hold” rating to a “sell” rating in a report on Tuesday, April 2nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nineteen have given a buy rating to the company. Walt Disney presently has an average rating of “Buy” and an average target price of $146.27.

NYSE:DIS traded up $0.34 during trading hours on Thursday, reaching $139.64. 15,185,352 shares of the company’s stock were exchanged, compared to its average volume of 11,366,016. The stock has a market cap of $252.68 billion, a P/E ratio of 19.72, a P/E/G ratio of 3.77 and a beta of 0.97. Walt Disney has a 12 month low of $100.35 and a 12 month high of $143.51. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.77 and a quick ratio of 0.74. The stock has a 50-day moving average price of $136.24.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Wednesday, May 8th. The entertainment giant reported $1.61 EPS for the quarter, beating the Thomson Reuters’ consensus estimate 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 the consensus estimate of $14.53 billion. During the same quarter in the prior year, the firm earned $1.84 EPS. The firm’s quarterly revenue was up 2.6% on a year-over-year basis. On average, sell-side analysts forecast that Walt Disney will post 6.63 EPS for the current year.

In related news, EVP Zenia B. Mucha sold 33,000 shares of the business’s stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $128.88, for a total transaction of $4,253,040.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Brent Woodford sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $135.24, for a total transaction of $540,960.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 94,961 shares of company stock valued at $12,912,520. 0.36% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of DIS. Standard Life Aberdeen plc raised its stake in Walt Disney by 5.4% during the third quarter. Standard Life Aberdeen plc now owns 748,582 shares of the entertainment giant’s stock worth $87,539,000 after acquiring an additional 38,034 shares during the period. Dodge & Cox grew its holdings in Walt Disney by 5.1% during the third quarter. Dodge & Cox now owns 57,656 shares of the entertainment giant’s stock valued at $6,742,000 after purchasing an additional 2,800 shares during the period. Vanguard Group Inc grew its holdings in Walt Disney by 0.5% during the third quarter. Vanguard Group Inc now owns 103,729,219 shares of the entertainment giant’s stock valued at $12,130,095,000 after purchasing an additional 553,232 shares during the period. Avitas Wealth Management LLC grew its holdings in Walt Disney by 2.9% during the third quarter. Avitas Wealth Management LLC now owns 34,079 shares of the entertainment giant’s stock valued at $3,985,000 after purchasing an additional 968 shares during the period. Finally, Cornerstone Advisors Inc. grew its holdings in Walt Disney by 2.0% during the third quarter. Cornerstone Advisors Inc. now owns 6,012 shares of the entertainment giant’s stock valued at $703,000 after purchasing an additional 118 shares during the period. Hedge funds and other institutional investors 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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