The Jefferies Group Reaffirms “Hold” Rating for The Walt Disney Co. (DIS)

The Jefferies Group Reaffirms “Hold” Rating for The Walt Disney Co. (DIS)

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.

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