Walt Disney (DIS) Given New $135.00 Price Target at Royal Bank of Canada
Walt Disney (NYSE:DIS) had its price target raised by Royal Bank of Canada to $135.00 in a report released on Wednesday, The Fly reports. Royal Bank of Canada currently has a top pick rating on the entertainment giant’s stock.
A number of other brokerages have also recently commented on DIS. Guggenheim reaffirmed a buy rating and issued a $122.00 price target on shares of Walt Disney in a research note on Tuesday, September 5th. Jefferies Group reaffirmed a hold rating and issued a $103.00 price target (down from $110.00) on shares of Walt Disney in a research note on Friday, October 6th. Pivotal Research lifted their price target on Walt Disney from $83.00 to $91.00 and gave the stock a sell rating in a research note on Thursday, December 14th. BTIG Research reaffirmed a sell rating on shares of Walt Disney in a research note on Monday, September 25th. Finally, Sanford C. Bernstein reaffirmed a market perform rating on shares of Walt Disney in a research note on Tuesday, September 12th. Three investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of $114.91.
Shares of Walt Disney (NYSE DIS) traded down $0.61 during midday trading on Wednesday, hitting $111.62. The company had a trading volume of 5,989,794 shares, compared to its average volume of 9,370,000. The stock has a market cap of $168,580.00, a PE ratio of 19.65, a price-to-earnings-growth ratio of 2.38 and a beta of 1.38. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 0.42. Walt Disney has a 52 week low of $96.20 and a 52 week high of $116.10.
Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Thursday, November 9th. The entertainment giant reported $1.07 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.12 by ($0.05). The firm had revenue of $12.78 billion for the quarter, compared to analysts’ expectations of $13.30 billion. Walt Disney had a net margin of 16.29% and a return on equity of 19.66%. The business’s quarterly revenue was down 2.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.10 earnings per share. sell-side analysts anticipate that Walt Disney will post 6.23 earnings per share for the current fiscal year.
The firm also recently disclosed a Semi-Annual dividend, which will be paid on Thursday, January 11th. Stockholders of record on Monday, December 11th will be given a $0.84 dividend. The ex-dividend date of this dividend is Friday, December 8th. Walt Disney’s dividend payout ratio is currently 29.58%.
Hedge funds have recently modified their holdings of the company. Amalgamated Bank boosted its position in shares of Walt Disney by 49.8% during the second quarter. Amalgamated Bank now owns 180,632 shares of the entertainment giant’s stock valued at $19,192,000 after purchasing an additional 60,088 shares in the last quarter. Tdam USA Inc. boosted its position in shares of Walt Disney by 4.1% during the second quarter. Tdam USA Inc. now owns 195,498 shares of the entertainment giant’s stock valued at $20,666,000 after purchasing an additional 7,785 shares in the last quarter. Walter & Keenan Financial Consulting Co. MI ADV boosted its position in shares of Walt Disney by 7.9% during the second quarter. Walter & Keenan Financial Consulting Co. MI ADV now owns 24,719 shares of the entertainment giant’s stock valued at $2,626,000 after purchasing an additional 1,800 shares in the last quarter. Connecticut Wealth Management LLC boosted its position in shares of Walt Disney by 1.4% during the second quarter. Connecticut Wealth Management LLC now owns 3,038 shares of the entertainment giant’s stock valued at $315,000 after purchasing an additional 42 shares in the last quarter. Finally, Riverpark Capital Management LLC boosted its position in shares of Walt Disney by 15.2% during the second quarter. Riverpark Capital Management LLC now owns 301,225 shares of the entertainment giant’s stock valued at $32,005,000 after purchasing an additional 39,822 shares in the last quarter. Hedge funds and other institutional investors own 61.51% of the company’s stock.
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Walt Disney 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.
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