Vetr Upgrades Walt Disney (DIS) to Buy
Walt Disney (NYSE:DIS) was upgraded by stock analysts at Vetr from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday. The brokerage presently has a $115.53 target price on the entertainment giant’s stock. Vetr‘s price objective suggests a potential upside of 4.37% from the company’s previous close.
A number of other analysts also recently issued reports on DIS. B. Riley reissued a “neutral” rating on shares of Walt Disney in a research report on Wednesday, November 1st. Bank of America reissued a “buy” rating and issued a $144.00 target price (up from $130.00) on shares of Walt Disney in a research report on Wednesday, January 10th. Rosenblatt Securities reissued a “hold” rating and issued a $110.00 target price on shares of Walt Disney in a research report on Thursday, September 28th. Zacks Investment Research raised Walt Disney from a “sell” rating to a “hold” rating in a research report on Tuesday, January 2nd. Finally, Citigroup reissued a “neutral” rating on shares of Walt Disney in a research report on Thursday, September 28th. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. Walt Disney has a consensus rating of “Hold” and an average price target of $116.15.
Walt Disney (NYSE DIS) traded down $1.78 during trading hours on Tuesday, reaching $110.69. The company’s stock had a trading volume of 8,030,000 shares, compared to its average volume of 9,330,000. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 0.42. Walt Disney has a twelve month low of $96.20 and a twelve month high of $116.10. The stock has a market capitalization of $167,180.00, a P/E ratio of 19.49, a P/E/G ratio of 2.01 and a beta of 1.38.
Walt Disney (NYSE:DIS) last released its earnings results on Thursday, November 9th. The entertainment giant reported $1.07 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.12 by ($0.05). Walt Disney had a return on equity of 19.66% and a net margin of 16.29%. The firm had revenue of $12.78 billion during the quarter, compared to analysts’ expectations of $13.30 billion. During the same period in the prior year, the business earned $1.10 earnings per share. The business’s quarterly revenue was down 2.8% compared to the same quarter last year. analysts forecast that Walt Disney will post 6.31 EPS for the current year.
A number of large investors have recently bought and sold shares of DIS. Janus Henderson Group PLC boosted its stake in Walt Disney by 929.6% during the second quarter. Janus Henderson Group PLC now owns 5,410,942 shares of the entertainment giant’s stock valued at $574,907,000 after buying an additional 4,885,398 shares during the period. AJO LP boosted its stake in Walt Disney by 12,331.6% during the second quarter. AJO LP now owns 3,300,335 shares of the entertainment giant’s stock valued at $350,661,000 after buying an additional 3,273,787 shares during the period. Vanguard Group Inc. boosted its stake in Walt Disney by 2.2% during the second quarter. Vanguard Group Inc. now owns 98,803,049 shares of the entertainment giant’s stock valued at $10,497,824,000 after buying an additional 2,131,932 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in Walt Disney by 247.9% during the second quarter. Arrowstreet Capital Limited Partnership now owns 2,644,700 shares of the entertainment giant’s stock valued at $280,999,000 after buying an additional 1,884,600 shares during the period. Finally, Nordea Investment Management AB boosted its stake in Walt Disney by 48.7% during the second quarter. Nordea Investment Management AB now owns 5,313,513 shares of the entertainment giant’s stock valued at $564,561,000 after buying an additional 1,740,128 shares during the period. 61.55% of the stock is owned by institutional investors.
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About Walt Disney
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.
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