Edward Jones Lowers Walt Disney (DIS) to Hold

Walt Disney (NYSE:DIS) was downgraded by analysts at Edward Jones from a “buy” rating to a “hold” rating in a research report issued on Friday.

A number of other research analysts have also commented on the stock. Wells Fargo & Company upped their price target on shares of Walt Disney to $135.00 and gave the company an “outperform” rating in a research note on Friday. Piper Jaffray Companies upped their price target on shares of Walt Disney from $120.00 to $125.00 and gave the company an “overweight” rating in a research note on Friday. Pivotal Research upped their price target on shares of Walt Disney from $83.00 to $91.00 and gave the company a “sell” rating in a research note on Thursday. Loop Capital reiterated a “buy” rating and issued a $106.00 price target on shares of Walt Disney in a research note on Monday. Finally, Rosenblatt Securities reiterated a “hold” rating and issued a $115.00 price target on shares of Walt Disney in a research note on Monday, December 4th. Three equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and seventeen have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $113.44.

Walt Disney (DIS) traded up $0.29 during trading on Friday, hitting $110.86. 6,340,201 shares of the stock traded hands, compared to its average volume of 7,369,209. The firm has a market cap of $162,524.66, a price-to-earnings ratio of 18.88, a PEG ratio of 2.29 and a beta of 1.38. Walt Disney has a one year low of $96.20 and a one year high of $116.10. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 0.42.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Thursday, November 9th. The entertainment giant reported $1.07 EPS for the quarter, missing the Zacks’ 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 company had revenue of $12.78 billion during the quarter, compared to analyst estimates of $13.30 billion. During the same quarter last year, the company posted $1.10 EPS. The firm’s quarterly revenue was down 2.8% on a year-over-year basis. sell-side analysts anticipate that Walt Disney will post 6.23 earnings per share for the current fiscal year.

Large investors have recently modified their holdings of the stock. Vantage Financial Partners Ltd. Inc. bought a new position in Walt Disney in the 2nd quarter valued at approximately $925,000. Lee Financial Co lifted its stake in Walt Disney by 7.6% in the 2nd quarter. Lee Financial Co now owns 1,052 shares of the entertainment giant’s stock valued at $112,000 after purchasing an additional 74 shares during the last quarter. Sumitomo Mitsui Financial Group Inc. bought a new position in Walt Disney in the 1st quarter valued at approximately $144,000. Legacy Advisors LLC acquired a new position in Walt Disney in the 3rd quarter valued at approximately $137,000. Finally, Malaga Cove Capital LLC acquired a new position in Walt Disney in the 3rd quarter valued at approximately $140,000. 61.51% of the stock is owned by institutional investors and hedge funds.

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About Walt Disney

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.

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