Zacks Investment Research has lifted the ratings of Walt Disney (NYSE: DIS) to ‘hold’ from ‘sell’ on Monday and assigned a price objective of $193 that indicates a potential 5.09% upside from the previous close.
On Monday the firm started from $183.65 with the market cap being $333.37B. Their current, quick, and leverage ratio is 1.32, 1.26, and 0.60. Their lowest in 12 months is $79.07 while the highest is $193.85. Their 50 day rolling average is $177.58 while the 200 day is $148.18.
According to the 10th February report, the company had a quarterly EPS of $0.32 that topped the $0.45 consensus estimate by $0.77. They had a 4.38%net negative margin with a 4.05% negative equity return. They are expected to release 1.69/ share earnings.
Market Ventures Of Disney Stock
Credit Suisse raised the price objective of DIS shares to $218 from $192 and gave a rating of ‘outperform’. Wells Fargo and Company lifted it to $201 from $182 and gave a rating of ‘overweight’. Rosenblatt Securities upgraded it to $220 from $210 and gave a rating of ‘buy’. JPMorgan Chase increased it to $220 from $210 and gave a rating of ‘overweight’. Evercore raised it to $210 from $200. The stock has the consensus ‘buy’ rating with a $180.06 price objective.
Zenia Mucha, EVP, sold off 333,969 Disney shares at $183.12 EPS worth $6,220,403.28. Robert Iger, the Chairman, sold off 220,000 Disney shares at $190.12 worth $41,826,400. Insiders own 0.31% DIS stock.
Tabor Management purchased new holdings in Disney stock and own $4,893,000 worth of shares. UBS O’Connor raised their stake by almost 157.1%, owning shares priced at $16,306,000. Rehman Advisory Group promoted their position by nearly 7.8% and own $4,375,000 worth of shares. Institutional investors and hedge funds own 62.83% of Disney stock.