Walt Disney’s (NYSE:DIS) Sell Rating Reaffirmed at Pivotal Research

Walt Disney (NYSE:DIS)‘s stock had its “sell” rating restated by stock analysts at Pivotal Research in a note issued to investors on Tuesday, January 9th, MarketBeat.com reports. They currently have a $93.00 price target on the entertainment giant’s stock, up from their prior price target of $91.00. Pivotal Research’s price target indicates a potential downside of 16.38% from the company’s current price.

Other research analysts also recently issued research reports about the stock. B. Riley reiterated a “neutral” rating on shares of Walt Disney in a research note on Wednesday, November 1st. Jefferies Group restated a “hold” rating and set a $103.77 price objective (up previously from $102.68) on shares of Walt Disney in a research report on Friday, November 10th. Rosenblatt Securities restated a “hold” rating and set a $110.00 price objective on shares of Walt Disney in a research report on Thursday, September 28th. Vetr downgraded shares of Walt Disney from a “buy” rating to a “hold” rating and set a $107.36 price objective for the company. in a research report on Wednesday, November 29th. Finally, Zacks Investment Research downgraded shares of Walt Disney from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. Four equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Walt Disney presently has a consensus rating of “Hold” and an average target price of $116.07.

Walt Disney (DIS) traded down $1.25 during midday trading on Tuesday, hitting $111.22. 4,835,550 shares of the stock traded hands, compared to its average volume of 7,328,322. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 0.42. Walt Disney has a twelve month low of $96.20 and a twelve month high of $116.10. The stock has a market capitalization of $168,050.00, a price-to-earnings ratio of 19.58, a price-to-earnings-growth ratio of 2.01 and a beta of 1.38.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Thursday, November 9th. The entertainment giant reported $1.07 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.12 by ($0.05). Walt Disney had a net margin of 16.29% and a return on equity of 19.66%. The business had revenue of $12.78 billion during the quarter, compared to analysts’ expectations of $13.30 billion. During the same period in the previous year, the business posted $1.10 EPS. The company’s revenue for the quarter was down 2.8% compared to the same quarter last year. analysts forecast that Walt Disney will post 6.31 EPS for the current fiscal year.

Large investors have recently bought and sold shares of the company. Janus Henderson Group PLC boosted its position in shares of Walt Disney by 929.6% in the 2nd quarter. Janus Henderson Group PLC now owns 5,410,942 shares of the entertainment giant’s stock worth $574,907,000 after buying an additional 4,885,398 shares in the last quarter. AJO LP boosted its position in shares of Walt Disney by 12,331.6% in the 2nd quarter. AJO LP now owns 3,300,335 shares of the entertainment giant’s stock worth $350,661,000 after buying an additional 3,273,787 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Walt Disney by 2.2% in the 2nd quarter. Vanguard Group Inc. now owns 98,803,049 shares of the entertainment giant’s stock worth $10,497,824,000 after buying an additional 2,131,932 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of Walt Disney by 247.9% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,644,700 shares of the entertainment giant’s stock worth $280,999,000 after buying an additional 1,884,600 shares in the last quarter. Finally, Nordea Investment Management AB boosted its position in shares of Walt Disney by 48.7% in the 2nd quarter. Nordea Investment Management AB now owns 5,313,513 shares of the entertainment giant’s stock worth $564,561,000 after buying an additional 1,740,128 shares in the last quarter. 61.55% of the stock is currently owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Walt Disney (NYSE:DIS)

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