Bank of America Analysts Give Walt Disney (DIS) a $144.00 Price Target

Bank of America set a $144.00 price target on Walt Disney (NYSE:DIS) in a research note released on Wednesday morning. The firm currently has a buy rating on the entertainment giant’s stock.

A number of other research firms also recently commented on DIS. B. Riley reduced their price objective on shares of Walt Disney from $123.00 to $121.00 and set a buy rating for the company in a report on Wednesday. Zacks Investment Research downgraded shares of Walt Disney from a hold rating to a sell rating in a report on Tuesday, July 31st. Pivotal Research downgraded shares of Walt Disney from a hold rating to a sell rating and set a $93.00 price objective for the company. in a report on Monday, June 18th. ValuEngine raised shares of Walt Disney from a sell rating to a hold rating in a report on Friday, June 15th. Finally, Credit Suisse Group assumed coverage on shares of Walt Disney in a report on Tuesday, July 10th. They set a neutral rating and a $114.00 price objective for the company. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and fourteen have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $118.92.

Shares of Walt Disney traded down $1.48, reaching $112.68, during midday trading on Wednesday, Marketbeat reports. 5,739,040 shares of the company’s stock were exchanged, compared to its average volume of 8,518,572. The company has a market capitalization of $169.78 billion, a price-to-earnings ratio of 17.11, a PEG ratio of 1.50 and a beta of 1.35. Walt Disney has a 12 month low of $96.20 and a 12 month high of $117.90. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.79 and a current ratio of 0.88.



Walt Disney (NYSE:DIS) last released its quarterly earnings data on Tuesday, August 7th. The entertainment giant reported $1.87 EPS for the quarter, missing analysts’ consensus estimates of $1.97 by ($0.10). The business had revenue of $15.23 billion for the quarter, compared to the consensus estimate of $15.49 billion. Walt Disney had a return on equity of 21.37% and a net margin of 20.76%. During the same period in the previous year, the business posted $1.58 earnings per share. sell-side analysts forecast that Walt Disney will post 6.96 EPS for the current year.

The company also recently declared a semiannual dividend, which was paid on Thursday, July 26th. Investors of record on Monday, July 9th were issued a dividend of $0.84 per share. This is an increase from Walt Disney’s previous semiannual dividend of $0.78. This represents a yield of 1.62%. The ex-dividend date was Friday, July 6th. Walt Disney’s dividend payout ratio (DPR) is currently 29.47%.

In other Walt Disney news, EVP Brent Woodford sold 768 shares of the business’s stock in a transaction dated Monday, July 2nd. The shares were sold at an average price of $104.35, for a total value of $80,140.80. Following the completion of the transaction, the executive vice president now directly owns 28,493 shares of the company’s stock, valued at $2,973,244.55. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Alan N. Braverman sold 140,638 shares of the business’s stock in a transaction dated Wednesday, July 11th. The stock was sold at an average price of $107.00, for a total transaction of $15,048,266.00. Following the completion of the transaction, the executive vice president now directly owns 160,316 shares of the company’s stock, valued at $17,153,812. The disclosure for this sale can be found here. Insiders have sold a total of 710,002 shares of company stock valued at $80,514,432 over the last three months. 0.38% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in DIS. Marietta Wealth Management LLC raised its stake in shares of Walt Disney by 2.5% in the fourth quarter. Marietta Wealth Management LLC now owns 26,985 shares of the entertainment giant’s stock worth $2,901,000 after acquiring an additional 653 shares during the last quarter. Carmichael Hill & Associates Inc. acquired a new stake in shares of Walt Disney during the 4th quarter worth approximately $262,000. Chilton Investment Co. LLC grew its position in shares of Walt Disney by 3.3% during the 4th quarter. Chilton Investment Co. LLC now owns 583,822 shares of the entertainment giant’s stock worth $62,767,000 after buying an additional 18,440 shares during the period. Benchmark Capital Advisors grew its position in shares of Walt Disney by 171.3% during the 4th quarter. Benchmark Capital Advisors now owns 9,632 shares of the entertainment giant’s stock worth $1,036,000 after buying an additional 6,082 shares during the period. Finally, Gratus Capital LLC grew its position in shares of Walt Disney by 643.5% during the 4th quarter. Gratus Capital LLC now owns 64,458 shares of the entertainment giant’s stock worth $6,930,000 after buying an additional 55,789 shares during the period. 63.57% of the stock is owned by institutional investors.

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 services under the brand ESPN, Disney, and Freeform; broadcast businesses, which include the ABC TV Network and eight owned television stations; radio businesses consisting of the ESPN Radio network; and the Radio Disney network.

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