Vetr Inc. Downgrades Walt Disney Company (The) (NYSE:DIS) to Hold
Vetr cut shares of Walt Disney Company (The) (NYSE:DIS) from a buy rating to a hold rating in a report issued on Thursday morning. Vetr currently has $110.54 price objective on the entertainment giant’s stock.
Several other brokerages also recently commented on DIS. Goldman Sachs Group, Inc. (The) reaffirmed a conviction-buy rating and issued a $138.00 price target on shares of Walt Disney Company (The) in a research report on Wednesday, April 26th. Loop Capital downgraded Walt Disney Company (The) from a buy rating to a hold rating and dropped their price target for the stock from $115.00 to $114.44 in a research report on Monday, April 24th. Pivotal Research reaffirmed a sell rating and issued a $85.00 price target on shares of Walt Disney Company (The) in a research report on Sunday, April 23rd. Morgan Stanley lifted their price target on Walt Disney Company (The) from $124.00 to $130.00 and gave the stock an overweight rating in a research report on Thursday, April 20th. Finally, Needham & Company LLC reaffirmed a hold rating on shares of Walt Disney Company (The) in a research report on Tuesday, April 25th. Six equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and sixteen have given a buy rating to the company. Walt Disney Company (The) has a consensus rating of Hold and a consensus target price of $115.95.
Shares of Walt Disney Company (NYSE:DIS) opened at 109.70 on Thursday. The stock’s 50 day moving average is $105.78 and its 200-day moving average is $109.35. The firm has a market cap of $171.67 billion, a P/E ratio of 19.13 and a beta of 1.39. Walt Disney Company has a 52-week low of $90.32 and a 52-week high of $116.10.
Walt Disney Company (The) (NYSE:DIS) last issued its quarterly earnings results on Tuesday, May 9th. The entertainment giant reported $1.50 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.45 by $0.05. The company had revenue of $13.34 billion for the quarter, compared to the consensus estimate of $13.44 billion. Walt Disney Company (The) had a return on equity of 19.81% and a net margin of 16.63%. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.36 EPS. Equities analysts anticipate that Walt Disney Company will post $5.91 earnings per share for the current fiscal year.
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The business also recently disclosed a Semi-Annual dividend, which was paid on Thursday, July 27th. Investors of record on Monday, July 10th were issued a $0.78 dividend. The ex-dividend date of this dividend was Thursday, July 6th. Walt Disney Company (The)’s dividend payout ratio is presently 27.18%.
In related news, Director Susan E. Arnold sold 12,143 shares of the company’s stock in a transaction dated Thursday, May 11th. The stock was sold at an average price of $109.02, for a total value of $1,323,829.86. Following the completion of the sale, the director now owns 48,673 shares in the company, valued at $5,306,330.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Robert A. Iger sold 797,578 shares of the company’s stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $105.09, for a total value of $83,817,472.02. Following the completion of the sale, the chairman now owns 1,566,484 shares of the company’s stock, valued at approximately $164,621,803.56. The disclosure for this sale can be found here. Corporate insiders own 13.00% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the stock. Thomas J. Herzfeld Advisors Inc. bought a new stake in Walt Disney Company (The) during the fourth quarter worth approximately $110,000. Lee Financial Co increased its stake in Walt Disney Company (The) by 7.6% in the second quarter. Lee Financial Co now owns 1,052 shares of the entertainment giant’s stock worth $112,000 after buying an additional 74 shares in the last quarter. Sumitomo Mitsui Financial Group Inc. bought a new stake in Walt Disney Company (The) during the first quarter worth approximately $144,000. Feltz Wealth PLAN Inc. bought a new stake in Walt Disney Company (The) during the first quarter worth approximately $173,000. Finally, Cordasco Financial Network increased its stake in Walt Disney Company (The) by 2.4% in the first quarter. Cordasco Financial Network now owns 1,549 shares of the entertainment giant’s stock worth $176,000 after buying an additional 37 shares in the last quarter. Institutional investors and hedge funds own 62.35% 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.
To view Vetr’s full report, visit Vetr’s official website.
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