Walt Disney (NYSE:DIS) Receives Market Perform Rating from Raymond James

Walt Disney (NYSE:DIS)‘s stock had its “market perform” rating reaffirmed by Raymond James in a research note issued on Tuesday, Marketbeat Ratings reports.

Several other analysts have also recently issued reports on the company. The Goldman Sachs Group assumed coverage on Walt Disney in a research note on Tuesday, June 25th. They set a “buy” rating and a $125.00 price objective on the stock. Evercore ISI lowered their target price on Walt Disney from $128.00 to $105.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Barclays lowered their target price on Walt Disney from $130.00 to $105.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Seaport Res Ptn raised Walt Disney from a “hold” rating to a “strong-buy” rating in a report on Monday. Finally, Wells Fargo & Company lowered their target price on Walt Disney from $136.00 to $116.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Four investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $118.43.

Walt Disney Trading Up 0.1 %

Shares of NYSE DIS opened at $94.15 on Tuesday. The stock’s 50 day moving average price is $90.59 and its two-hundred day moving average price is $100.93. Walt Disney has a 52-week low of $78.73 and a 52-week high of $123.74. The stock has a market capitalization of $171.64 billion, a P/E ratio of 102.34, a PEG ratio of 1.53 and a beta of 1.40. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.38.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.19. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. The firm had revenue of $23.20 billion for the quarter, compared to analysts’ expectations of $23.08 billion. During the same quarter in the prior year, the firm posted $1.03 earnings per share. Walt Disney’s revenue for the quarter was up 3.9% compared to the same quarter last year. On average, analysts anticipate that Walt Disney will post 4.92 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Calvin Mcdonald purchased 11,756 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was purchased at an average cost of $85.06 per share, with a total value of $999,965.36. Following the purchase, the director now owns 22,313 shares in the company, valued at approximately $1,897,943.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.10% of the company’s stock.

Hedge Funds Weigh In On Walt Disney

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DIS. Jennison Associates LLC bought a new position in Walt Disney during the 1st quarter valued at $1,490,492,000. Capital World Investors lifted its position in shares of Walt Disney by 3,332.4% during the 1st quarter. Capital World Investors now owns 6,267,593 shares of the entertainment giant’s stock valued at $766,903,000 after acquiring an additional 6,084,993 shares during the last quarter. ValueAct Holdings L.P. acquired a new stake in shares of Walt Disney during the 4th quarter valued at $459,245,000. Swedbank AB acquired a new stake in shares of Walt Disney during the 1st quarter valued at $493,715,000. Finally, Farallon Capital Management LLC acquired a new stake in shares of Walt Disney during the 2nd quarter valued at $355,673,000. 65.71% of the stock is owned by institutional investors.

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.