Walt Disney (NYSE:DIS) Rating Reiterated by Raymond James

Raymond James reiterated their market perform rating on shares of Walt Disney (NYSE:DIS) in a report published on Tuesday morning, Marketbeat.com reports.

DIS has been the subject of a number of other reports. The Goldman Sachs Group started coverage on shares of Walt Disney in a research note on Tuesday, June 25th. They set a buy rating and a $125.00 price target for the company. Seaport Res Ptn raised shares of Walt Disney from a hold rating to a strong-buy rating in a research note on Monday. UBS Group dropped their price target on shares of Walt Disney from $130.00 to $120.00 and set a buy rating for the company in a research note on Thursday, August 8th. Evercore ISI dropped their price target on shares of Walt Disney from $128.00 to $105.00 and set an outperform rating for the company in a research note on Thursday, August 8th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Walt Disney from $135.00 to $125.00 and set an overweight rating for the company in a research note on Thursday, August 8th. Four research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus target price of $118.43.

Walt Disney Trading Down 0.6 %

Shares of NYSE DIS opened at $93.63 on Tuesday. Walt Disney has a 1-year low of $78.73 and a 1-year high of $123.74. The company has a market cap of $170.69 billion, a PE ratio of 101.77, a P/E/G ratio of 1.53 and a beta of 1.40. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.38. The company has a 50-day moving average of $90.68 and a two-hundred day moving average of $100.88.

Walt Disney (NYSE:DIS) last announced its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.19. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The company had revenue of $23.20 billion during the quarter, compared to the consensus estimate of $23.08 billion. During the same period in the previous year, the firm posted $1.03 earnings per share. The company’s revenue was up 3.9% on a year-over-year basis. As a group, equities analysts expect that Walt Disney will post 4.92 earnings per share for the current fiscal year.

Insider Activity

In other Walt Disney news, Director Calvin Mcdonald purchased 11,756 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were acquired at an average cost of $85.06 per share, with a total value of $999,965.36. Following the completion of the transaction, the director now owns 22,313 shares in the company, valued at $1,897,943.78. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.10% of the company’s stock.

Institutional Investors Weigh In On Walt Disney

A number of large investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in Walt Disney by 1.5% during the first quarter. Vanguard Group Inc. now owns 153,769,084 shares of the entertainment giant’s stock worth $18,815,185,000 after buying an additional 2,325,582 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Walt Disney by 10.8% during the second quarter. Bank of New York Mellon Corp now owns 14,883,983 shares of the entertainment giant’s stock worth $1,477,831,000 after buying an additional 1,449,730 shares in the last quarter. Legal & General Group Plc grew its stake in Walt Disney by 3.1% during the second quarter. Legal & General Group Plc now owns 14,281,047 shares of the entertainment giant’s stock worth $1,417,958,000 after buying an additional 425,438 shares in the last quarter. Jennison Associates LLC acquired a new stake in Walt Disney during the first quarter worth about $1,490,492,000. Finally, Price T Rowe Associates Inc. MD grew its stake in Walt Disney by 2.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 12,040,297 shares of the entertainment giant’s stock worth $1,473,252,000 after buying an additional 293,482 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

About Walt Disney

The Walt Disney Company operates as an entertainment company worldwide. It operates through three segments: Entertainment, Sports, and Experiences. The company produces and distributes film and television video streaming content under the ABC Television Network, Disney, Freeform, FX, Fox, National Geographic, and Star brand television channels, as well as ABC television stations and A+E television networks; and produces original content under the ABC Signature, Disney Branded Television, FX Productions, Lucasfilm, Marvel, National Geographic Studios, Pixar, Searchlight Pictures, Twentieth Century Studios, 20th Television, and Walt Disney Pictures banners.