Walt Disney (NYSE:DIS) Rating Increased to Buy at Redburn Atlantic

Redburn Atlantic upgraded shares of Walt Disney (NYSE:DIS) from a neutral rating to a buy rating in a research note issued to investors on Tuesday morning, Marketbeat.com reports. They currently have $147.00 price target on the entertainment giant’s stock, up from their prior price target of $100.00.

A number of other research analysts have also recently weighed in on DIS. Deutsche Bank Aktiengesellschaft raised their price target on Walt Disney from $115.00 to $131.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Seaport Res Ptn upgraded shares of Walt Disney from a “hold” rating to a “strong-buy” rating in a report on Monday, September 30th. TD Cowen upped their price target on shares of Walt Disney from $108.00 to $123.00 and gave the company a “hold” rating in a report on Friday, November 15th. Sanford C. Bernstein raised their price objective on shares of Walt Disney from $115.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, November 15th. Finally, Loop Capital lifted their price objective on Walt Disney from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Five investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Walt Disney has an average rating of “Moderate Buy” and a consensus target price of $125.54.

Walt Disney Stock Up 0.3 %

Shares of NYSE DIS opened at $111.39 on Tuesday. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 0.37. The firm has a 50-day moving average price of $110.29 and a 200 day moving average price of $99.28. Walt Disney has a 52 week low of $83.91 and a 52 week high of $123.74. The stock has a market capitalization of $201.72 billion, a price-to-earnings ratio of 41.10, a price-to-earnings-growth ratio of 2.05 and a beta of 1.43.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Thursday, November 14th. The entertainment giant reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.05. Walt Disney had a net margin of 5.44% and a return on equity of 9.21%. The company had revenue of $22.57 billion during the quarter, compared to the consensus estimate of $22.49 billion. During the same period last year, the firm earned $0.82 EPS. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. Equities research analysts anticipate that Walt Disney will post 5.41 EPS for the current fiscal year.

Walt Disney Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Thursday, January 16th. Investors of record on Monday, December 16th will be given a $0.50 dividend. This is a positive change from Walt Disney’s previous semi-annual dividend of $0.45. This represents a dividend yield of 0.6%. The ex-dividend date is Monday, December 16th. Walt Disney’s dividend payout ratio (DPR) is 36.90%.

Insider Activity at Walt Disney

In other Walt Disney news, EVP Brent Woodford sold 5,000 shares of Walt Disney stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $113.62, for a total transaction of $568,100.00. Following the transaction, the executive vice president now directly owns 44,055 shares of the company’s stock, valued at $5,005,529.10. The trade was a 10.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Robert A. Iger sold 372,412 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $114.57, for a total transaction of $42,667,242.84. Following the sale, the chief executive officer now owns 226,767 shares of the company’s stock, valued at approximately $25,980,695.19. This represents a 62.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 385,412 shares of company stock worth $44,153,263. 0.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. William B. Walkup & Associates Inc. purchased a new stake in shares of Walt Disney during the 2nd quarter valued at about $32,000. First PREMIER Bank raised its stake in shares of Walt Disney by 98.1% during the third quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock valued at $50,000 after purchasing an additional 256 shares during the period. FSA Wealth Management LLC acquired a new position in shares of Walt Disney during the third quarter worth $51,000. Birch Capital Management LLC purchased a new position in shares of Walt Disney in the fourth quarter valued at $56,000. Finally, Livelsberger Financial Advisory acquired a new stake in Walt Disney during the 3rd quarter valued at $57,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

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.