CLSA Maintains Walt Disney Co to Outperform with Price Target $108.00

Brokerage firm CLSA Maintains its rating on Walt Disney Co(NYSE:DIS). In a research note issued to the investors, the brokerage major Lowers the price-target to $108.00 per share. The shares have been rated Outperform. The rating by CLSA was issued on Sep 23, 2016.

In a different note, On Sep 26, 2016, Drexel Hamilton said it Downgrades its rating on Walt Disney Co. The shares have been rated ‘Hold’ by the firm. On Aug 11, 2016, Citigroup said it Maintains its rating on Walt Disney Co. In the research note, the firm Lowers the price-target to $120.00 per share. The shares have been rated ‘Buy’ by the firm. On Aug 10, 2016, Macquarie said it Upgrades its rating on Walt Disney Co. The shares have been rated ‘Outperform’ by the firm. On Jul 26, 2016, FBR Capital said it Downgrades its rating on Walt Disney Co. The shares have been rated ‘Market Perform’ by the firm. On Jul 20, 2016, Stifel Nicolaus said it Downgrades its rating on Walt Disney Co. The shares have been rated ‘Hold’ by the firm. On Jul 14, 2016, Morgan Stanley said it Maintains its rating on Walt Disney Co. In the research note, the firm Raises the price-target to $100.00 per share. The shares have been rated ‘Equalweight’ by the firm.

Walt Disney Co (DIS) shares turned negative on Tuesdays trading session with the shares closing down -0.24 points or -0.26% at a volume of 91,67,391. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $92.18. The peak price level was also seen at $92.18 while the days lowest was $91.5. Finally the shares closed at $91.72. The 52-week high of the shares is $120.65 while the 52-week low is $86.25. According to the latest information available, the market cap of the company is $147,403 M.

Walt Disney Co(DIS) last announced its earnings results on Aug 9, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $14.28B. Analysts had an estimated revenue of $14.15B. Earnings per share were $1.62. Analysts had estimated an EPS of $1.61.

Several Insider Transactions has been reported to the SEC. On May 16, 2016, Maria Elena Lagomasino (director) purchased 980 shares at $101.98 per share price.Also, 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.

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