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.

COPYRIGHT VIOLATION WARNING: This piece was published by Watch List News and is owned by of Watch List News. If you are viewing this piece on another website, it was illegally copied and reposted in violation of United States and international copyright & trademark laws. The original version of this piece can be accessed at https://www.watchlistnews.com/walt-disney-dis-given-new-135-00-price-target-at-royal-bank-of-canada/1798029.html.

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.

The Fly

Analyst Recommendations for Walt Disney (NYSE:DIS)

Receive News & Ratings for Walt Disney Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walt Disney and related companies with Analyst Ratings Network's FREE daily email newsletter.