Redburn Atlantic Upgrades Walt Disney (NYSE:DIS) to Neutral

Walt Disney (NYSE:DISGet Free Report) was upgraded by research analysts at Redburn Atlantic from a “sell” rating to a “neutral” rating in a research note issued to investors on Tuesday, MarketBeat reports. The firm presently has a $100.00 price target on the entertainment giant’s stock. Redburn Atlantic’s price objective indicates a potential downside of 2.94% from the stock’s current price.

Other equities research analysts have also recently issued reports about the company. Bank of America raised their price target on Walt Disney from $130.00 to $145.00 and gave the company a “buy” rating in a report on Monday, April 1st. Tigress Financial reaffirmed a “buy” rating and set a $136.00 price target on shares of Walt Disney in a report on Wednesday, February 21st. JPMorgan Chase & Co. assumed coverage on Walt Disney in a research report on Thursday, April 11th. They issued an “overweight” rating and a $140.00 price objective on the stock. Macquarie increased their price objective on Walt Disney from $104.00 to $107.00 and gave the company a “neutral” rating in a research report on Monday, May 13th. Finally, Raymond James increased their price objective on Walt Disney from $112.00 to $128.00 and gave the company an “outperform” rating in a research report on Tuesday, March 26th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twenty-three have assigned a buy rating to the stock. Based on data from MarketBeat, Walt Disney currently has an average rating of “Moderate Buy” and a consensus price target of $125.52.

Read Our Latest Research Report on DIS

Walt Disney Trading Up 0.0 %

Shares of DIS opened at $103.03 on Tuesday. Walt Disney has a 1 year low of $78.73 and a 1 year high of $123.74. The company has a current ratio of 0.75, a quick ratio of 0.69 and a debt-to-equity ratio of 0.38. The stock has a 50 day simple moving average of $112.95 and a 200-day simple moving average of $102.80. The stock has a market cap of $187.82 billion, a PE ratio of 111.98, a PEG ratio of 1.25 and a beta of 1.40.

Walt Disney (NYSE:DISGet Free Report) last issued its earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. Walt Disney had a return on equity of 8.37% and a net margin of 1.90%. The business had revenue of $22.08 billion during the quarter, compared to analysts’ expectations of $22.12 billion. During the same period in the prior year, the firm posted $0.93 EPS. Walt Disney’s quarterly revenue was up 1.2% compared to the same quarter last year. On average, sell-side analysts predict that Walt Disney will post 4.76 EPS for the current fiscal year.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, EVP Sonia L. Coleman sold 4,400 shares of Walt Disney stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $106.00, for a total value of $466,400.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, Director James P. Gorman bought 20,000 shares of the stock in a transaction that occurred on Wednesday, May 8th. The shares were acquired at an average price of $106.03 per share, with a total value of $2,120,600.00. Following the completion of the transaction, the director now owns 20,467 shares in the company, valued at $2,170,116.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Sonia L. Coleman sold 4,400 shares of Walt Disney stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $106.00, for a total value of $466,400.00. The disclosure for this sale can be found here. Company insiders own 0.10% of the company’s stock.

Institutional Trading of Walt Disney

Hedge funds and other institutional investors have recently modified their holdings of the stock. Avitas Wealth Management LLC grew its holdings in Walt Disney by 2.2% during the fourth quarter. Avitas Wealth Management LLC now owns 11,037 shares of the entertainment giant’s stock worth $997,000 after purchasing an additional 238 shares during the period. WNY Asset Management LLC boosted its holdings in shares of Walt Disney by 32.8% during the third quarter. WNY Asset Management LLC now owns 9,321 shares of the entertainment giant’s stock worth $756,000 after acquiring an additional 2,304 shares during the period. Telos Capital Management Inc. boosted its holdings in shares of Walt Disney by 1.7% during the fourth quarter. Telos Capital Management Inc. now owns 74,767 shares of the entertainment giant’s stock worth $6,751,000 after acquiring an additional 1,236 shares during the period. Stelac Advisory Services LLC boosted its holdings in shares of Walt Disney by 7.7% during the third quarter. Stelac Advisory Services LLC now owns 68,909 shares of the entertainment giant’s stock worth $5,598,000 after acquiring an additional 4,915 shares during the period. Finally, Howard Capital Management Group LLC boosted its holdings in shares of Walt Disney by 1.8% during the fourth quarter. Howard Capital Management Group LLC now owns 213,601 shares of the entertainment giant’s stock worth $19,286,000 after acquiring an additional 3,716 shares during the period. Institutional investors and hedge funds own 65.71% of the company’s stock.

About Walt Disney

(Get Free Report)

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.

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Analyst Recommendations for Walt Disney (NYSE:DIS)

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