Walt Disney (NYSE:DIS) Given Hold (C+) Rating at Weiss Ratings

Key Points

• Walt Disney's stock rating has been restated as "hold (C+)" by Weiss Ratings, amidst mixed opinions from various analysts.
• Despite a revenue of $23.65 billion for the last quarter, Disney's EPS of $1.61 exceeded expectations, showing a slight increase compared to the previous year.
• Walt Disney's market capitalization stands at $200.72 billion, with its stock trading around $111.64 after recent changes in analyst ratings.

Walt Disney (NYSE:DIS - Get Free Report)'s stock had its "hold (c+)" rating restated by analysts at Weiss Ratings in a research report issued on Friday,Weiss Ratings reports.

Several other equities analysts have also recently issued reports on the company. Jefferies Financial Group cut Walt Disney from a "strong-buy" rating to a "hold" rating in a report on Monday, August 11th. Guggenheim boosted their price objective on Walt Disney from $120.00 to $140.00 and gave the company a "buy" rating in a report on Friday, June 27th. Raymond James Financial reissued a "neutral" rating on shares of Walt Disney in a report on Monday, August 11th. Keefe, Bruyette & Woods reissued a "market perform" rating on shares of Walt Disney in a report on Monday, August 11th. Finally, Wall Street Zen cut Walt Disney from a "buy" rating to a "hold" rating in a report on Friday, October 3rd. Nineteen research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Walt Disney has an average rating of "Moderate Buy" and an average target price of $132.90.

Walt Disney Stock Performance

DIS traded down $1.39 on Friday, reaching $111.64. 6,228,253 shares of the stock were exchanged, compared to its average volume of 7,789,451. The company's 50-day moving average price is $114.64 and its 200 day moving average price is $111.64. Walt Disney has a fifty-two week low of $80.10 and a fifty-two week high of $124.69. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66. The firm has a market capitalization of $200.72 billion, a PE ratio of 17.50, a PEG ratio of 1.48 and a beta of 1.54.

Walt Disney (NYSE:DIS - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, topping analysts' consensus estimates of $1.45 by $0.16. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The company had revenue of $23.65 billion during the quarter, compared to analysts' expectations of $23.69 billion. During the same quarter in the previous year, the firm posted $1.39 EPS. The firm's revenue was up 2.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Walt Disney will post 5.47 EPS for the current fiscal year.

Hedge Funds Weigh In On Walt Disney

Institutional investors and hedge funds have recently modified their holdings of the business. Copeland Capital Management LLC purchased a new position in shares of Walt Disney in the 3rd quarter valued at about $25,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in Walt Disney during the 1st quarter worth approximately $26,000. DiNuzzo Private Wealth Inc. increased its stake in Walt Disney by 82.5% during the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant's stock worth $26,000 after buying an additional 94 shares in the last quarter. Kessler Investment Group LLC increased its stake in Walt Disney by 274.0% during the 1st quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant's stock worth $27,000 after buying an additional 200 shares in the last quarter. Finally, Harbor Asset Planning Inc. purchased a new stake in Walt Disney during the 2nd quarter worth approximately $37,000. Hedge funds and other institutional investors own 65.71% of the company's stock.

Walt Disney Company Profile

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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