Walt Disney’s (DIS) “Buy” Rating Reaffirmed at Rosenblatt Securities

Rosenblatt Securities reiterated their buy rating on shares of Walt Disney (NYSE:DIS) in a research note issued to investors on Monday, AnalystRatings.com reports. The firm currently has a $175.00 price objective on the entertainment giant’s stock, up from their prior price objective of $170.00.

A number of other research analysts have also commented on the company. Morgan Stanley set a $160.00 target price on Walt Disney and gave the company a buy rating in a research note on Friday, August 2nd. ValuEngine lowered Walt Disney from a buy rating to a hold rating in a research note on Wednesday, October 2nd. UBS Group cut their target price on Walt Disney from $165.00 to $155.00 and set a buy rating for the company in a research note on Wednesday, November 6th. Credit Suisse Group set a $163.00 target price on Walt Disney and gave the company a buy rating in a research note on Wednesday, November 13th. Finally, Tigress Financial restated a buy rating on shares of Walt Disney in a research note on Monday, August 26th. Seven analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average price target of $152.52.

Shares of NYSE DIS traded up $0.73 during trading hours on Monday, reaching $148.38. The stock had a trading volume of 10,204,097 shares, compared to its average volume of 13,412,246. The business’s fifty day moving average is $133.17 and its two-hundred day moving average is $136.44. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.89 and a quick ratio of 0.84. The company has a market cap of $267.29 billion, a price-to-earnings ratio of 25.72, a PEG ratio of 5.40 and a beta of 0.96. Walt Disney has a twelve month low of $100.35 and a twelve month high of $150.63.

Walt Disney (NYSE:DIS) last issued its earnings results on Thursday, November 7th. The entertainment giant reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.12. The business had revenue of $19.10 billion during the quarter, compared to analyst estimates of $19.02 billion. Walt Disney had a return on equity of 11.38% and a net margin of 15.89%. Walt Disney’s revenue was up 33.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.48 earnings per share. Sell-side analysts forecast that Walt Disney will post 5.62 earnings per share for the current fiscal year.

In other news, EVP Brent Woodford sold 4,000 shares of the stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $149.00, for a total transaction of $596,000.00. Following the sale, the executive vice president now owns 36,479 shares in the company, valued at $5,435,371. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Christine M. Mccarthy sold 4,617 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $139.20, for a total value of $642,686.40. Following the sale, the chief financial officer now owns 135,756 shares in the company, valued at approximately $18,897,235.20. The disclosure for this sale can be found here. 0.36% of the stock is currently owned by corporate insiders.

Hedge funds have recently made changes to their positions in the company. Centerpoint Advisors LLC boosted its holdings in Walt Disney by 276.5% during the second quarter. Centerpoint Advisors LLC now owns 192 shares of the entertainment giant’s stock worth $27,000 after buying an additional 141 shares during the last quarter. JJJ Advisors Inc. boosted its holdings in Walt Disney by 96.8% during the third quarter. JJJ Advisors Inc. now owns 244 shares of the entertainment giant’s stock worth $32,000 after buying an additional 120 shares during the last quarter. Garrett Wealth Advisory Group LLC bought a new position in Walt Disney during the third quarter worth about $36,000. SRS Capital Advisors Inc. bought a new position in Walt Disney during the second quarter worth about $39,000. Finally, MRA Associates USA LLC bought a new position in Walt Disney during the second quarter worth about $53,000. Institutional investors own 68.90% 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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