Walt Disney Co (DIS) was Upgraded by Pivotal Research Group to ” Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 121 from a previous price target of $104 . Earlier the firm had a rating of “Hold ” on the company shares. Pivotal Research Group advised their investors in a research report released on Apr 18, 2016.
Many Wall Street Analysts have commented on Walt Disney Co. RBC Capital Mkts Initiated Walt Disney Co on Apr 8, 2016 to “Sector Perform”, Price Target of the shares are set at $103.Company shares were Reiterated by Guggenheim on Apr 7, 2016 to “Neutral”, Firm has raised the Price Target to $ 102 from a previous price target of $96 .Company shares were Upgraded by Piper Jaffray on Mar 3, 2016 to ” Overweight”, Firm has raised the Price Target to $ 120 from a previous price target of $105 .
On the company’s financial health, Walt Disney Co reported $1.63 EPS for the quarter, beating the analyst consensus estimate by $ 0.17 according to the earnings call on Feb 9, 2016. Analyst had a consensus of $1.46. The company had revenue of $15244.00 million for the quarter, compared to analysts expectations of $14795.57 million. The company’s revenue was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.27 EPS.
Walt Disney Co closed down -0.04 points or -0.04% at $98.59 with 61,46,837 shares getting traded on Friday. Post opening the session at $98.5, the shares hit an intraday low of $98.18 and an intraday high of $98.8899 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
In a different news, on Mar 9, 2016, Brent Woodford (EVP, Control, Fin Plan & Tax) sold 1,000 shares at $99.25 per share price. According to the SEC, on Jan 15, 2016, Christine M Mccarthy (SEVP-Chief Financial Officer) sold 49,920 shares at $101.15 per share price. On Aug 31, 2015, John S Chen (director) sold 6,000 shares at $101.97 per share price, according to the Form-4 filing with the securities and exchange commission.
The Walt Disney Company 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. Media Networks comprise an array of broadcast cable radio publishing and digital businesses across two divisions the Disney/ABC Television Group and ESPN Inc. Walt Disney Parks and Resorts (WDP&R) is a provider of family travel and leisure experiences. The Walt Disney Studio brings movies music and stage plays to consumers throughout the world. Disney Consumer Products (DCP) delivers product experiences across thousands of categories from toys and apparel to books and fine art. Disney Interactive is a creator of interactive entertainment across all current and emerging digital media platforms.