Walt Disney (NYSE:DIS) Price Target Lowered to $167.00 at Wells Fargo & Co

Walt Disney (NYSE:DIS) had its price target trimmed by Wells Fargo & Co from $173.00 to $167.00 in a research note issued to investors on Friday, Briefing.com Automated Import reports. The brokerage currently has an outperform rating on the entertainment giant’s stock.

Several other research analysts have also recently weighed in on the stock. Tigress Financial reissued a buy rating on shares of Walt Disney in a report on Monday, August 26th. Imperial Capital lowered their price target on shares of Walt Disney from $140.00 to $139.00 and set an in-line rating on the stock in a report on Thursday, September 19th. Credit Suisse Group reissued a buy rating and issued a $150.00 price target on shares of Walt Disney in a report on Thursday, August 8th. ValuEngine cut shares of Walt Disney from a buy rating to a hold rating in a report on Wednesday, October 2nd. Finally, Sanford C. Bernstein set a $130.00 price target on shares of Walt Disney and gave the company a hold rating in a report on Thursday, September 12th. Six equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. Walt Disney has a consensus rating of Buy and an average price target of $150.47.

Shares of DIS stock traded up $5.00 on Friday, reaching $137.96. The stock had a trading volume of 23,891,567 shares, compared to its average volume of 7,565,782. The company has a quick ratio of 0.67, a current ratio of 0.70 and a debt-to-equity ratio of 0.38. The firm’s 50-day moving average is $131.00 and its two-hundred day moving average is $136.12. The firm has a market capitalization of $248.52 billion, a price-to-earnings ratio of 19.49, a P/E/G ratio of 4.43 and a beta of 0.96. Walt Disney has a 12 month low of $100.35 and a 12 month high of $147.15.

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Walt Disney (NYSE:DIS) last issued its earnings results on Thursday, November 7th. The entertainment giant reported $1.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.95 by $0.12. The company had revenue of $19.10 billion for the quarter, compared to analysts’ expectations of $19.02 billion. Walt Disney had a net margin of 19.02% and a return on equity of 13.08%. Walt Disney’s quarterly revenue was up 33.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.48 EPS. On average, sell-side analysts forecast that Walt Disney will post 5.74 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in DIS. Centerpoint Advisors LLC boosted its position in shares of Walt Disney by 276.5% during the 2nd quarter. Centerpoint Advisors LLC now owns 192 shares of the entertainment giant’s stock worth $27,000 after acquiring an additional 141 shares in the last quarter. JJJ Advisors Inc. boosted its position in shares of Walt Disney by 96.8% during the 3rd quarter. JJJ Advisors Inc. now owns 244 shares of the entertainment giant’s stock worth $32,000 after acquiring an additional 120 shares in the last quarter. Garrett Wealth Advisory Group LLC acquired a new stake in shares of Walt Disney during the 3rd quarter worth approximately $36,000. SRS Capital Advisors Inc. acquired a new stake in shares of Walt Disney during the 2nd quarter worth approximately $39,000. Finally, Advocacy Wealth Management Services LLC boosted its position in shares of Walt Disney by 52.8% during the 3rd quarter. Advocacy Wealth Management Services LLC now owns 382 shares of the entertainment giant’s stock worth $50,000 after acquiring an additional 132 shares in the last quarter. 68.42% of the stock is currently owned by institutional investors.

About Walt Disney

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses.

Further Reading: Bid-Ask Spread

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