Walt Disney (NYSE:DIS) Stock Rating Reaffirmed by Cowen

Cowen reissued their hold rating on shares of Walt Disney (NYSE:DIS) in a research note published on Monday, February 5th. Cowen currently has a $102.00 price objective on the entertainment giant’s stock.

Other research analysts have also issued research reports about the company. Citigroup reaffirmed a buy rating and set a $119.00 price objective on shares of Walt Disney in a report on Wednesday, November 1st. Piper Jaffray Companies reiterated a buy rating and set a $120.00 target price on shares of Walt Disney in a research report on Friday, November 10th. JPMorgan Chase & Co. set a $125.00 target price on Walt Disney and gave the stock a buy rating in a research report on Friday, November 10th. Goldman Sachs Group boosted their target price on Walt Disney from $115.00 to $120.00 and gave the stock a buy rating in a research report on Friday, November 10th. Finally, Vetr downgraded Walt Disney from a strong-buy rating to a buy rating and set a $110.51 price objective on the stock. in a research report on Thursday, October 19th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. Walt Disney presently has a consensus rating of Buy and an average target price of $118.61.

Walt Disney (NYSE DIS) traded down $0.01 during mid-day trading on Monday, reaching $104.59. The company had a trading volume of 2,473,089 shares, compared to its average volume of 8,714,366. The stock has a market capitalization of $157,430.00, a PE ratio of 18.06, a price-to-earnings-growth ratio of 1.81 and a beta of 1.30. Walt Disney has a 12-month low of $96.20 and a 12-month high of $116.10. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.80 and a current ratio of 0.87.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Tuesday, February 6th. The entertainment giant reported $1.89 EPS for the quarter, topping the consensus estimate of $1.61 by $0.28. The company had revenue of $15.35 billion for the quarter, compared to analyst estimates of $15.47 billion. Walt Disney had a return on equity of 20.44% and a net margin of 19.61%. The firm’s revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.55 earnings per share. research analysts predict that Walt Disney will post 6.8 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in DIS. Avestar Capital LLC acquired a new position in shares of Walt Disney during the 4th quarter valued at $108,000. Lee Financial Co increased its position in shares of Walt Disney by 7.6% during the 2nd quarter. Lee Financial Co now owns 1,052 shares of the entertainment giant’s stock valued at $112,000 after purchasing an additional 74 shares during the period. Icon Wealth Partners LLC acquired a new position in shares of Walt Disney during the 4th quarter valued at $116,000. Almanack Investment Partners LLC. acquired a new position in shares of Walt Disney during the 4th quarter valued at $118,000. Finally, Front Row Advisors LLC acquired a new position in shares of Walt Disney during the 4th quarter valued at $122,000. 61.12% of the stock is currently owned by institutional investors and hedge funds.

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About 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.

Analyst Recommendations for Walt Disney (NYSE:DIS)

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