The Walt Disney Co. (DIS) Given New $108.00 Price Target at Credit Agricole SA

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The Walt Disney Co. (NYSE:DIS) had its price objective dropped by analysts at Credit Agricole SA from $115.00 to $108.00 in a note issued to investors on Friday. The firm currently has an “outperform” rating on the entertainment giant’s stock. Credit Agricole SA’s target price indicates a potential upside of 15.62% from the company’s previous close.
Other research analysts have also issued research reports about the stock. Morgan Stanley reaffirmed a “hold” rating on shares of The Walt Disney in a research note on Sunday, July 17th. Royal Bank Of Canada reaffirmed a “hold” rating on shares of The Walt Disney in a research note on Monday, June 27th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a $118.00 target price on shares of The Walt Disney in a research note on Saturday, August 13th. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of The Walt Disney in a research note on Friday, June 17th. Finally, Wells Fargo & Co. reaffirmed a “hold” rating and issued a $100.00 target price on shares of The Walt Disney in a research note on Friday, June 10th. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $109.77.
The Walt Disney (NYSE:DIS) traded up 0.10% on Friday, reaching $93.50. 1,587,948 shares of the company’s stock traded hands. The Walt Disney has a 52-week low of $86.25 and a 52-week high of $120.65. The firm has a market cap of $150.26 billion, a price-to-earnings ratio of 16.80 and a beta of 1.28. The stock’s 50 day moving average is $94.86 and its 200 day moving average is $98.17.

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The Walt Disney (NYSE:DIS) last issued its earnings results on Tuesday, August 9th. The entertainment giant reported $1.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.01. The company had revenue of $14.20 billion for the quarter, compared to analyst estimates of $14.16 billion. The Walt Disney had a net margin of 16.48% and a return on equity of 19.98%. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.45 EPS. On average, equities research analysts predict that The Walt Disney will post $5.79 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Aviva PLC increased its position in shares of The Walt Disney by 0.7% in the first quarter. Aviva PLC now owns 972,383 shares of the entertainment giant’s stock valued at $96,567,000 after buying an additional 6,742 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt increased its position in shares of The Walt Disney by 4.9% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 183,218 shares of the entertainment giant’s stock valued at $17,922,000 after buying an additional 8,500 shares during the last quarter. Exxonmobil Investment Management Inc. TX increased its position in shares of The Walt Disney by 5.7% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 386,372 shares of the entertainment giant’s stock valued at $37,795,000 after buying an additional 20,904 shares during the last quarter. National Pension Service increased its position in shares of The Walt Disney by 4.2% in the first quarter. National Pension Service now owns 785,855 shares of the entertainment giant’s stock valued at $78,043,000 after buying an additional 31,780 shares during the last quarter. Finally, Beech Hill Advisors Inc. acquired a new position in shares of The Walt Disney during the second quarter valued at approximately $3,147,000. 57.92% of the stock is owned by hedge funds and other institutional investors.
About The Walt Disney
The Walt Disney Company is a diversified entertainment company. The Company’s business segments include Media Networks, Parks and Resorts, Studio Entertainment, Consumer Products and Interactive. The Media Networks segment includes cable and broadcast television networks, television production operations, television distribution, domestic television stations, and radio networks and stations.

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