Walt Disney Company (NYSE:DIS) was upgraded by investment analysts at Vetr from a "buy" rating to a "strong-buy" rating in a research note issued to investors on Monday, MarketBeat.com reports. The brokerage currently has a $106.81 price objective on the entertainment giant's stock. Vetr's price target points to a potential upside of 12.18% from the company's current price.
Other institutional investors have recently added to or reduced their stakes in the company. Allegis Investment Advisors LLC increased its position in The Walt Disney by 0.6% in the first quarter. Allegis Investment Advisors LLC now owns 2,281 shares of the entertainment giant's stock valued at $227,000 after buying an additional 13 shares during the last quarter. Home Federal Bank of Tennessee boosted its stake in shares of The Walt Disney by 0.8% in the second quarter. Home Federal Bank of Tennessee now owns 2,077 shares of the entertainment giant's stock worth $203,000 after buying an additional 16 shares during the period. Hengehold Capital Management LLC boosted its stake in shares of The Walt Disney by 0.9% in the second quarter. Hengehold Capital Management LLC now owns 2,307 shares of the entertainment giant's stock worth $226,000 after buying an additional 20 shares during the period. SignalPoint Asset Management LLC boosted its stake in shares of The Walt Disney by 0.6% in the second quarter. SignalPoint Asset Management LLC now owns 3,182 shares of the entertainment giant's stock worth $311,000 after buying an additional 20 shares during the period. Finally, Mission Wealth Management LLC boosted its stake in shares of The Walt Disney by 0.4% in the first quarter. Mission Wealth Management LLC now owns 6,506 shares of the entertainment giant's stock worth $646,000 after buying an additional 25 shares during the period.
Shares of The Walt Disney (NYSE:DIS) opened at 95.21 on Monday, MarketBeat.com reports. The stock has a market cap of $153.01 billion and a price-to-earnings ratio of 17.11. The company's 50-day moving average price is $97.23 and its 200 day moving average price is $98.35. The Walt Disney has a 12-month low of $86.25 and a 12-month high of $120.65.
The Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Tuesday, August 9th. The entertainment giant reported $1.62 EPS for the quarter, topping the Zacks' consensus estimate of $1.61 by $0.01. The company had revenue of $14.20 billion for the quarter, compared to analysts' expectations of $14.16 billion. The business's quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.45 EPS. On average, equities analysts predict that The Walt Disney will post $5.79 earnings per share for the current year.
A number of other equities analysts also recently commented on DIS. Morgan Stanley reiterated a "hold" rating on shares of The Walt Disney in a research report on Sunday, July 17th. Hilliard Lyons reiterated a "buy" rating on shares of The Walt Disney in a research report on Saturday, May 14th. Wells Fargo & Co. downgraded The Walt Disney to a "hold" rating in a research report on Thursday, MarketBeat.com reports. Drexel Hamilton reiterated a "buy" rating on shares of The Walt Disney in a research report on Thursday, May 5th. Finally, Piper Jaffray Cos. restated a "buy" rating and issued a $120.00 target price on shares of The Walt Disney in a research report on Tuesday, May 3rd. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of "Hold" and a consensus price target of $109.99.
The Walt Disney Company (NYSE:DIS), incorporated on July 28, 1995, together with its subsidiaries and affiliates, is a diversified international family entertainment and media enterprise with five business segments: media networks, parks and resorts, studio entertainment, consumer products and interactive media.