Walt Disney's (DIS) "Buy" Rating Reiterated at Rosenblatt Securities

Key Points

• Rosenblatt Securities has reaffirmed a "buy" rating for Walt Disney's (DIS) stock with a target price of $141.00, indicating a potential upside of 28.39% from its current price.
• Despite the positive ratings from some analysts, the stock has seen a decline of 1.7% and currently trades around $109.82, with a 1-year low of $80.10 and a high of $124.69.
• A total of 19 analysts maintain a "buy" rating on DIS stock, while 8 have rated it "hold"; the consensus rating is classified as a "Moderate Buy" with an average target price of $132.90.

Walt Disney (NYSE:DIS - Get Free Report)'s stock had its "buy" rating reaffirmed by equities researchers at Rosenblatt Securities in a report issued on Friday,Benzinga reports. They presently have a $141.00 target price on the entertainment giant's stock. Rosenblatt Securities' target price suggests a potential upside of 28.39% from the company's current price.

Several other brokerages also recently weighed in on DIS. Needham & Company LLC reaffirmed a "buy" rating and issued a $125.00 target price on shares of Walt Disney in a report on Tuesday, September 23rd. Wall Street Zen downgraded shares of Walt Disney from a "buy" rating to a "hold" rating in a report on Friday, October 3rd. Weiss Ratings reissued a "hold (c+)" rating on shares of Walt Disney in a research note on Wednesday, October 8th. UBS Group raised their price objective on shares of Walt Disney from $120.00 to $138.00 and gave the stock a "buy" rating in a research note on Wednesday, July 16th. Finally, Raymond James Financial reaffirmed a "neutral" rating on shares of Walt Disney in a research report on Monday, August 11th. Nineteen research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $132.90.

Walt Disney Stock Down 1.7%

DIS opened at $109.82 on Friday. Walt Disney has a 1-year low of $80.10 and a 1-year high of $124.69. The firm's 50 day simple moving average is $114.89 and its two-hundred day simple moving average is $110.66. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $197.45 billion, a PE ratio of 17.21, a PEG 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 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 business had revenue of $23.65 billion during the quarter, compared to analysts' expectations of $23.69 billion. During the same quarter in the prior year, the business posted $1.39 earnings per share. The business's quarterly revenue was up 2.1% on a year-over-year basis. As a group, equities analysts forecast that Walt Disney will post 5.47 EPS for the current year.

Institutional Investors Weigh In On Walt Disney

A number of large investors have recently made changes to their positions in the stock. Kondo Wealth Advisors Inc. lifted its position in Walt Disney by 1.2% during the second quarter. Kondo Wealth Advisors Inc. now owns 7,317 shares of the entertainment giant's stock valued at $904,000 after purchasing an additional 84 shares during the period. Cornerstone Advisory LLC lifted its holdings in Walt Disney by 1.5% during the 2nd quarter. Cornerstone Advisory LLC now owns 5,890 shares of the entertainment giant's stock worth $730,000 after buying an additional 86 shares in the last quarter. Physician Wealth Advisors Inc. boosted its holdings in shares of Walt Disney by 3.5% in the second quarter. Physician Wealth Advisors Inc. now owns 2,606 shares of the entertainment giant's stock valued at $323,000 after acquiring an additional 87 shares in the last quarter. Childress Capital Advisors LLC grew its holdings in shares of Walt Disney by 3.3% during the second quarter. Childress Capital Advisors LLC now owns 2,749 shares of the entertainment giant's stock worth $341,000 after buying an additional 87 shares in the last quarter. Finally, Apollon Financial LLC grew its stake in Walt Disney by 1.5% during the second quarter. Apollon Financial LLC now owns 6,086 shares of the entertainment giant's stock worth $755,000 after buying an additional 87 shares during the period. 65.71% of the stock is owned by hedge funds and other institutional investors.

About Walt Disney

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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