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

Raymond James reaffirmed their market perform rating on shares of Walt Disney (NYSE:DIS) in a research report released on Tuesday, MarketBeat Ratings reports.

Several other analysts have also recently commented on the company. Deutsche Bank Aktiengesellschaft lowered their target price on Walt Disney from $130.00 to $115.00 and set a buy rating on the stock in a research report on Thursday, August 8th. Wells Fargo & Company cut their price objective on shares of Walt Disney from $136.00 to $116.00 and set an overweight rating on the stock in a research note on Thursday, August 8th. UBS Group decreased their target price on shares of Walt Disney from $130.00 to $120.00 and set a buy rating for the company in a research report on Thursday, August 8th. JPMorgan Chase & Co. lowered their target price on shares of Walt Disney from $135.00 to $125.00 and set an overweight rating on the stock in a research note on Thursday, August 8th. Finally, Evercore ISI reduced 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. Four investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average target price of $118.43.

Walt Disney Stock Performance

Shares of DIS opened at $95.15 on Tuesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.66 and a current ratio of 0.72. Walt Disney has a 1 year low of $78.88 and a 1 year high of $123.74. The firm has a fifty day moving average of $90.78 and a 200-day moving average of $100.75. The company has a market cap of $173.46 billion, a price-to-earnings ratio of 103.42, a price-to-earnings-growth ratio of 1.53 and a beta of 1.40.

Walt Disney (NYSE:DIS) last posted its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $23.20 billion during the quarter, compared to analyst estimates of $23.08 billion. During the same period in the previous year, the business posted $1.03 EPS. Walt Disney’s revenue was up 3.9% on a year-over-year basis. As a group, equities analysts anticipate that Walt Disney will post 4.92 earnings per share for the current year.

Insider Buying and Selling at Walt Disney

In other news, Director Calvin Mcdonald bought 11,756 shares of the company’s stock in a transaction dated 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 directly owns 22,313 shares in the company, valued at approximately $1,897,943.78. The trade was a 100.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.10% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Capital CS Group LLC boosted its holdings in shares of Walt Disney by 20.0% during the third quarter. Capital CS Group LLC now owns 3,063 shares of the entertainment giant’s stock worth $295,000 after purchasing an additional 510 shares during the period. Thrive Wealth Management LLC lifted its position in Walt Disney by 7.2% in the 3rd quarter. Thrive Wealth Management LLC now owns 4,115 shares of the entertainment giant’s stock worth $396,000 after buying an additional 276 shares in the last quarter. CJM Wealth Advisers Ltd. purchased a new stake in Walt Disney in the 3rd quarter worth approximately $216,000. Farmers Trust Co. boosted its stake in shares of Walt Disney by 1.4% during the 3rd quarter. Farmers Trust Co. now owns 8,391 shares of the entertainment giant’s stock valued at $807,000 after buying an additional 113 shares during the period. Finally, Czech National Bank grew its holdings in shares of Walt Disney by 6.3% during the 3rd quarter. Czech National Bank now owns 369,397 shares of the entertainment giant’s stock valued at $35,532,000 after acquiring an additional 21,998 shares in the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

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.