Walt Disney Co (DIS) was Downgraded by FBR Capital to ” Mkt Perform” while Lowering the Price Target of the company shares to $ 108 from a previous price target of $111 . Earlier the firm had a rating of “Outperform ” on the company shares. FBR Capital advised their investors in a research report released on Jul 26, 2016.
Many Wall Street Analysts have commented on Walt Disney Co. Walt Disney Co was Downgraded by Stifel to ” Hold” on Jul 20, 2016. Shares were Reiterated by Topeka Capital Markets on May 11, 2016 to “Buy” and Lowered the Price Target to $ 129 from a previous price target of $130 .
On the company’s financial health, Walt Disney Co reported $1.36 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on May 10, 2016. Analyst had a consensus of $1.40. The company had revenue of $12969.00 million for the quarter, compared to analysts expectations of $13198.99 million. The company’s revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.23 EPS.
Walt Disney Co closed down -1.25 points or -1.26% at $98.22 with 1,06,64,885 shares getting traded on Wednesday. Post opening the session at $98.65, the shares hit an intraday low of $97.14 and an intraday high of $98.69 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on May 16, 2016, Maria Elena Lagomasino (director) purchased 980 shares at $101.98 per share price. According to the SEC, on May 10, 2016, Brent Woodford (EVP, Control, Fin Plan & Tax) sold 2,500 shares at $106.50 per share price. On Jan 15, 2016, Christine M Mccarthy (SEVP-Chief Financial Officer) sold 49,920 shares at $101.15 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.