Published: Sun, November 12, 2017
Tech | By Dwayne Harmon

Revenues, Profit Slip at Disney

State Street Corporation had 62 analyst reports since July 28, 2015 according to SRatingsIntel. The stock of Walt Disney Co (NYSE:DIS) earned "Buy" rating by Guggenheim on Wednesday, April 12. RBC Capital Markets maintained the shares of DIS in report on Friday, September 15 with "Buy" rating. 1 analysts gave its stock an Outperform rating. Piper Jaffray Companies restated a "buy" rating and set a $120.00 target price on shares of Walt Disney Company (The) in a report on Friday.

Among 37 analysts covering The Walt Disney Company (NYSE:DIS), 20 have Buy rating, 3 Sell and 14 Hold. The company presently has an average rating of "Hold" and an average target price of $112.76. Sumitomo Mitsui Financial Group Inc. bought a new stake in Walt Disney Company (The) in the first quarter valued at $144,000. The company's stock had a trading volume of 16,660,401 shares, compared to its average volume of 7,237,917.

Analysts on average had expected a profit of $1.13 per share and revenue to rise to $13.23 billion. United Asset Strategies Inc who had been investing in Disney Walt Co for a number of months, seems to be bullish on the $163.04B market cap company.

THE WALT DISNEY COMPANY third-quarter overall revenues dipped 3% to $12.8 billion, with net income down 1% to $1.7 billion (but up 3% on a per-share basis to $1.13 per diluted share; that figure drops to $1.07 excluding some items affecting comparability). The entertainment giant reported $1.10 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $1.16 by $0.06. Earlier this year, Disney purchased a majority stake in BamTech for $2.58 billion to bolster its streaming initiatives. The Q1 2018 consensus earnings estimates for the company have stabilized at US$1.66 per share. The company's revenue for the quarter was down 2.8% compared to the same quarter last year. equities analysts anticipate that Walt Disney Company will post 6.36 earnings per share for the current fiscal year.

The company also recently disclosed a semiannual dividend, which will be paid on Wednesday, January 11th. Palisade Asset Mgmt Ltd Co has invested 0.05% in Walt Disney Co (NYSE:DIS). This represents a dividend yield of 1.58%. Piper Jaffray maintained Walt Disney Co (NYSE:DIS) rating on Sunday, September 24.

In other news, EVP Brent Woodford sold 2,500 shares of the stock in a transaction dated Thursday, December 8th. Heritage Invsts Management invested in 1.63% or 228,693 shares. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. About 8,587 shares traded. The disclosure for this sale can be found here. Capital City Trust Communication Fl owns 13,439 shares for 0.56% of their portfolio.

The collective rating of 2.5 for The Walt Disney Company (NYSE:DIS) also leans strongly towards the neutral end of the spectrum. Morgan Stanley raised its position in The Walt Disney by 14.8% in the fourth quarter. Weybosset Research & Management LLC now owns 2,000 shares of the entertainment giant's stock valued at $213,000 after acquiring an additional 50 shares in the last quarter. Finally, Bank of Montreal Can bought a new position in The Walt Disney during the second quarter valued at about $202,393,000. Hedge funds and other institutional investors own 61.37% of the company's stock. Dixon Hubard Feinour & Brown Incorporated Va invested 0.35% of its portfolio in Walt Disney Co (NYSE:DIS).

The Walt Disney Company, together with its subsidiaries and affiliates, is a leading diversified worldwide family entertainment and media enterprise with five business segments: media networks, parks and resorts, studio entertainment, consumer products and interactive media.

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