Walt Disney (DIS) Downgraded by Vetr to “Hold”

Walt Disney (NYSE:DIS) was downgraded by Vetr from a “buy” rating to a “hold” rating in a note issued to investors on Monday, November 13th. They presently have a $106.77 price objective on the entertainment giant’s stock. Vetr‘s price objective suggests a potential upside of 1.44% from the stock’s current price.

A number of other research firms have also commented on DIS. Guggenheim reaffirmed a “buy” rating and issued a $122.00 price objective 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 objective (down from $110.00) on shares of Walt Disney in a research note on Friday, October 6th. BidaskClub raised shares of Walt Disney from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. BTIG Research reissued a “sell” rating on shares of Walt Disney in a research note on Monday, September 25th. Finally, Sanford C. Bernstein reissued a “market perform” rating on shares of Walt Disney in a research note on Tuesday, September 12th. Three equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $112.04.

Walt Disney (NYSE DIS) traded up $0.43 during mid-day trading on Monday, reaching $105.25. 9,258,268 shares of the company were exchanged, compared to its average volume of 7,933,344. The firm has a market cap of $158,310.89, a PE ratio of 18.39, a price-to-earnings-growth ratio of 2.23 and a beta of 1.38. Walt Disney has a twelve month low of $96.20 and a twelve month high of $116.10. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.74 and a current ratio of 0.81.

Walt Disney (NYSE:DIS) last posted its earnings results 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). Walt Disney had a return on equity of 19.66% and a net margin of 16.29%. The business had revenue of $12.78 billion for the quarter, compared to the consensus estimate of $13.30 billion. During the same period in the previous year, the firm earned $1.10 earnings per share. The company’s revenue was down 2.8% compared to the same quarter last year. analysts predict that Walt Disney will post 6.24 EPS for the current fiscal year.

A number of institutional investors have recently made changes to their positions in the business. Vantage Financial Partners Ltd. Inc. purchased a new position in shares of Walt Disney in the second quarter worth $925,000. Lee Financial Co increased its stake in shares of Walt Disney by 7.6% in the second quarter. Lee Financial Co now owns 1,052 shares of the entertainment giant’s stock worth $112,000 after buying an additional 74 shares during the period. Sumitomo Mitsui Financial Group Inc. purchased a new position in shares of Walt Disney in the first quarter worth $144,000. Legacy Advisors LLC bought a new stake in Walt Disney in the third quarter valued at $137,000. Finally, Malaga Cove Capital LLC bought a new stake in Walt Disney in the third quarter valued at $140,000. Institutional investors and hedge funds own 60.19% of the company’s stock.

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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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Walt Disney (NYSE:DIS)

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