Walt Disney (NYSE:DIS) Rating Lowered to Hold at Wall Street Zen

Key Points

• Walt Disney's stock has been downgraded from a "buy" rating to a "hold" rating by Wall Street Zen, amid mixed opinions from other analysts who have maintained "buy" ratings.
• As of the latest trading session, Walt Disney's stock is priced at $112.49, with a market capitalization of $202.25 billion and a consensus rating of "Moderate Buy" with an average price target of $131.18.
• The company reported an earnings per share of $1.61 for the last quarter, surpassing analyst estimates of $1.45, despite a slight miss in revenue expectations.

Walt Disney (NYSE:DIS - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "buy" rating to a "hold" rating in a report released on Friday.

A number of other equities analysts have also weighed in on DIS. Loop Capital increased their price target on Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a research report on Tuesday, June 10th. UBS Group increased their price objective on Walt Disney from $120.00 to $138.00 and gave the stock a "buy" rating in a research note on Wednesday, July 16th. Needham & Company LLC reissued a "buy" rating and issued a $125.00 price objective on shares of Walt Disney in a research note on Tuesday, September 23rd. Chardan Capital reaffirmed a "buy" rating on shares of Walt Disney in a research note on Monday, August 11th. Finally, JPMorgan Chase & Co. raised their price target on Walt Disney from $130.00 to $138.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 29th. Nineteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, Walt Disney currently has a consensus rating of "Moderate Buy" and an average price target of $131.18.

Walt Disney Price Performance

Walt Disney stock traded up $0.35 during midday trading on Friday, hitting $112.49. The company's stock had a trading volume of 7,147,718 shares, compared to its average volume of 9,160,406. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32. The stock's 50-day moving average price is $116.12 and its 200-day moving average price is $109.95. Walt Disney has a 12 month low of $80.10 and a 12 month high of $124.69. The company has a market capitalization of $202.25 billion, a PE ratio of 17.63, a price-to-earnings-growth ratio of 1.47 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 the consensus estimate of $1.45 by $0.16. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The firm had revenue of $23.65 billion for the quarter, compared to analysts' expectations of $23.69 billion. During the same period in the previous year, the business earned $1.39 earnings per share. Walt Disney's revenue for the quarter was up 2.1% compared to the same quarter last year. Analysts anticipate that Walt Disney will post 5.47 earnings per share for the current fiscal year.

Institutional Trading of Walt Disney

A number of hedge funds have recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Walt Disney by 1.1% during the 2nd quarter. Vanguard Group Inc. now owns 157,501,484 shares of the entertainment giant's stock worth $19,531,759,000 after buying an additional 1,639,123 shares during the period. State Street Corp raised its position in Walt Disney by 0.8% in the 2nd quarter. State Street Corp now owns 79,643,043 shares of the entertainment giant's stock valued at $9,915,465,000 after purchasing an additional 625,893 shares during the last quarter. Geode Capital Management LLC raised its position in Walt Disney by 1.2% in the 2nd quarter. Geode Capital Management LLC now owns 39,992,231 shares of the entertainment giant's stock valued at $4,935,928,000 after purchasing an additional 458,077 shares during the last quarter. Kingstone Capital Partners Texas LLC bought a new position in Walt Disney in the 2nd quarter valued at $4,220,599,000. Finally, Norges Bank bought a new position in Walt Disney in the 2nd quarter valued at $2,618,295,000. 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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