Loop Capital lowered shares of Walt Disney (NYSE:DIS) from a buy rating to a hold rating in a report released on Tuesday morning, BenzingaRatingsTable reports. They currently have $120.00 target price on the entertainment giant’s stock.

Several other equities analysts have also issued reports on the company. JPMorgan Chase & Co. reaffirmed a buy rating on shares of Walt Disney in a report on Friday, May 8th. Sanford C. Bernstein reduced their target price on Walt Disney from $100.00 to $96.00 and set a market perform rating for the company in a report on Wednesday, May 6th. Argus reduced their target price on Walt Disney from $160.00 to $130.00 and set a buy rating for the company in a report on Friday, March 13th. TheStreet lowered Walt Disney from a b- rating to a c+ rating in a report on Thursday, March 12th. Finally, Royal Bank of Canada reduced their target price on Walt Disney from $110.00 to $108.00 and set a sector perform rating for the company in a report on Wednesday, May 6th. Fourteen research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Walt Disney currently has an average rating of Hold and a consensus target price of $126.58.

Shares of DIS opened at $118.02 on Tuesday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.89 and a current ratio of 0.94. The stock has a 50 day moving average price of $104.80 and a two-hundred day moving average price of $127.09. The firm has a market capitalization of $212.83 billion, a P/E ratio of 39.87, a P/E/G ratio of 11.04 and a beta of 1.08. Walt Disney has a 52 week low of $79.07 and a 52 week high of $153.41.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Tuesday, May 5th. The entertainment giant reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.23). The company had revenue of $18.01 billion for the quarter, compared to the consensus estimate of $17.49 billion. Walt Disney had a return on equity of 9.09% and a net margin of 6.88%. The business’s revenue for the quarter was up 20.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.61 earnings per share. On average, equities analysts forecast that Walt Disney will post 2.09 earnings per share for the current year.

Several large investors have recently bought and sold shares of the business. State Street Corp lifted its position in shares of Walt Disney by 0.8% during the first quarter. State Street Corp now owns 74,952,278 shares of the entertainment giant’s stock worth $7,240,390,000 after acquiring an additional 565,404 shares in the last quarter. Morgan Stanley lifted its position in shares of Walt Disney by 16.7% during the first quarter. Morgan Stanley now owns 27,471,116 shares of the entertainment giant’s stock worth $2,653,710,000 after acquiring an additional 3,939,992 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Walt Disney by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 25,971,783 shares of the entertainment giant’s stock worth $3,748,495,000 after acquiring an additional 548,830 shares in the last quarter. Norges Bank purchased a new stake in shares of Walt Disney during the fourth quarter worth $2,572,048,000. Finally, Nuveen Asset Management LLC raised its position in shares of Walt Disney by 2.4% in the first quarter. Nuveen Asset Management LLC now owns 16,552,686 shares of the entertainment giant’s stock worth $1,598,989,000 after buying an additional 386,175 shares in the last quarter. Hedge funds and other institutional investors own 63.10% of the company’s stock.

Walt Disney Company Profile

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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