Jefferies Group reaffirmed their hold rating on shares of The Walt Disney Co. (NYSE:DIS) in a report issued on Monday morning. Jefferies Group currently has a $92.00 target price on the entertainment giant’s stock.
DIS has been the subject of a number of other reports. Cowen and Company set a $90.00 price objective on shares of The Walt Disney and gave the stock a hold rating in a report on Wednesday, December 7th. Zacks Investment Research lowered shares of The Walt Disney from a hold rating to a sell rating in a report on Wednesday, October 19th. decreased their price objective on shares of The Walt Disney from $115.00 to $108.00 and set an outperform rating for the company in a report on Friday, September 23rd. Brean Capital restated a hold rating on shares of The Walt Disney in a report on Wednesday, September 28th. Finally, RBC Capital Markets upgraded shares of The Walt Disney from a sector perform rating to an outperform rating and boosted their price objective for the stock from $101.00 to $130.00 in a report on Thursday, January 5th. Five analysts have rated the stock with a sell rating, eleven have issued a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of Hold and an average price target of $111.84.
The Walt Disney (NYSE:DIS) opened at 108.16 on Monday. The Walt Disney has a 12-month low of $86.25 and a 12-month high of $109.49. The stock has a 50 day moving average price of $104.76 and a 200-day moving average price of $97.45. The company has a market capitalization of $172.13 billion, a price-to-earnings ratio of 18.88 and a beta of 1.23.
The Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Thursday, November 10th. The entertainment giant reported $1.10 earnings per share for the quarter, missing analysts’ consensus estimates of $1.16 by $0.06. The Walt Disney had a return on equity of 19.81% and a net margin of 16.88%. The firm earned $13.14 billion during the quarter, compared to analysts’ expectations of $13.71 billion. During the same quarter in the previous year, the firm earned $1.20 earnings per share. The Walt Disney’s revenue was down 2.7% on a year-over-year basis. Equities analysts predict that The Walt Disney will post $5.92 EPS for the current fiscal year.
The company also recently disclosed a semiannual dividend, which was paid on Wednesday, January 11th. Investors of record on Monday, December 12th were given a $0.78 dividend. This is a positive change from The Walt Disney’s previous semiannual dividend of $0.71. This represents a yield of 1.58%. The ex-dividend date was Thursday, December 8th. The Walt Disney’s dividend payout ratio is 27.27%.
In related news, EVP Alan N. Braverman sold 19,871 shares of the stock in a transaction dated Wednesday, November 16th. The shares were sold at an average price of $99.00, for a total value of $1,967,229.00. Following the sale, the executive vice president now directly owns 135,614 shares of the company’s stock, valued at approximately $13,425,786. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Brent Woodford sold 2,000 shares of the stock in a transaction dated Thursday, December 15th. The stock was sold at an average price of $104.50, for a total transaction of $209,000.00. Following the completion of the sale, the executive vice president now directly owns 27,659 shares in the company, valued at $2,890,365.50. The disclosure for this sale can be found here. 13.00% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of the company. Thomas J. Herzfeld Advisors Inc. bought a new position in shares of The Walt Disney during the second quarter worth approximately $103,000. Balentine LLC raised its position in shares of The Walt Disney by 365.8% in the second quarter. Balentine LLC now owns 1,076 shares of the entertainment giant’s stock worth $105,000 after buying an additional 845 shares during the period. Lombard Odier Transatlantic Limited Partnership raised its position in shares of The Walt Disney by 71.4% in the third quarter. Lombard Odier Transatlantic Limited Partnership now owns 1,200 shares of the entertainment giant’s stock worth $111,000 after buying an additional 500 shares during the period. Krilogy Financial LLC raised its position in shares of The Walt Disney by 5.0% in the second quarter. Krilogy Financial LLC now owns 1,292 shares of the entertainment giant’s stock worth $126,000 after buying an additional 61 shares during the period. Finally, TLP Group LLC bought a new position in shares of The Walt Disney during the third quarter worth approximately $129,000. 56.74% of the stock is currently owned by institutional investors.
About The 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.