Brokerages Set Walt Disney Co (NYSE:DIS) Price Target at $154.31

Shares of Walt Disney Co (NYSE:DIS) have been given an average recommendation of “Buy” by the twenty-seven research firms that are currently covering the firm, Marketbeat.com reports. Six investment analysts have rated the stock with a hold recommendation and twenty have given a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $154.31.

Several research firms have issued reports on DIS. Argus upped their price objective on Walt Disney from $143.00 to $160.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Loop Capital upped their price target on Walt Disney from $165.00 to $170.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Evercore ISI reissued a “buy” rating and set a $155.00 price objective on shares of Walt Disney in a research report on Monday, November 11th. Credit Suisse Group set a $163.00 price objective on shares of Walt Disney and gave the company a “buy” rating in a report on Wednesday, November 13th. Finally, Tigress Financial restated a “buy” rating on shares of Walt Disney in a research note on Monday, August 26th.

Shares of Walt Disney stock traded down $0.43 during mid-day trading on Friday, reaching $147.23. 1,507,508 shares of the stock were exchanged, compared to its average volume of 12,946,902. Walt Disney has a fifty-two week low of $100.35 and a fifty-two week high of $153.41. The company has a market cap of $266.70 billion, a price-to-earnings ratio of 25.52, a price-to-earnings-growth ratio of 5.53 and a beta of 1.01. The firm has a 50-day simple moving average of $140.19 and a 200 day simple moving average of $137.78. The company has a current ratio of 0.90, a quick ratio of 0.84 and a debt-to-equity ratio of 0.41.

Walt Disney (NYSE:DIS) last posted its earnings results on Thursday, November 7th. The entertainment giant reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.12. Walt Disney had a net margin of 15.89% and a return on equity of 11.38%. The company had revenue of $19.10 billion during the quarter, compared to analysts’ expectations of $19.02 billion. During the same quarter in the previous year, the company posted $1.48 earnings per share. Walt Disney’s quarterly revenue was up 33.6% compared to the same quarter last year. On average, research analysts predict that Walt Disney will post 5.61 EPS for the current fiscal year.

The firm also recently disclosed a semi-annual dividend, which will be paid on Thursday, January 16th. Investors of record on Monday, December 16th will be paid a dividend of $0.88 per share. This represents a yield of 1.2%. The ex-dividend date is Friday, December 13th. Walt Disney’s dividend payout ratio is 30.50%.

In related news, CFO Christine M. Mccarthy sold 4,617 shares of the company’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $139.20, for a total value of $642,686.40. Following the completion of the transaction, the chief financial officer now directly owns 135,756 shares in the company, valued at $18,897,235.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Brent Woodford sold 4,000 shares of the company’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $149.00, for a total value of $596,000.00. Following the completion of the transaction, the executive vice president now owns 36,479 shares of the company’s stock, valued at $5,435,371. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,617 shares of company stock valued at $1,847,326. Corporate insiders own 0.36% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Glenview State Bank Trust DEPT. boosted its holdings in Walt Disney by 0.5% during the second quarter. Glenview State Bank Trust DEPT. now owns 15,057 shares of the entertainment giant’s stock worth $2,103,000 after buying an additional 70 shares in the last quarter. Aft Forsyth & Company Inc. increased its position in Walt Disney by 0.9% during the second quarter. Aft Forsyth & Company Inc. now owns 7,705 shares of the entertainment giant’s stock worth $1,076,000 after purchasing an additional 70 shares during the last quarter. Botty Investors LLC raised its stake in Walt Disney by 4.8% during the second quarter. Botty Investors LLC now owns 1,650 shares of the entertainment giant’s stock worth $230,000 after purchasing an additional 75 shares during the period. Wsfs Capital Management LLC raised its stake in Walt Disney by 2.6% during the second quarter. Wsfs Capital Management LLC now owns 3,003 shares of the entertainment giant’s stock worth $419,000 after purchasing an additional 76 shares during the period. Finally, Northstar Wealth Partners LLC raised its stake in Walt Disney by 1.9% during the second quarter. Northstar Wealth Partners LLC now owns 4,063 shares of the entertainment giant’s stock worth $567,000 after purchasing an additional 76 shares during the period. Institutional investors and hedge funds own 64.14% of the company’s stock.

About Walt Disney

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses.

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Analyst Recommendations for Walt Disney (NYSE:DIS)

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