Drexel Hamilton Downgrades Walt Disney Co to Hold

Brokerage firm Drexel Hamilton Downgrades its rating on Walt Disney Co(NYSE:DIS). The shares have been rated Hold. Previously, the analysts had a Buy rating on the shares. The rating by Drexel Hamilton was issued on Sep 26, 2016.

In a different note, 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. Brean Capital said it Initiates Coverage on Walt Disney Co, according to a research note issued on Jul 6, 2016. The shares have been rated ‘Hold’ by the firm.

Walt Disney Co (DIS) made into the market gainers list on Thursdays trading session with the shares advancing 1.10% or 1.02 points. Due to strong positive momentum, the stock ended at $93.41, which is also near the day’s high of $93.71. The stock began the session at $92.73 and the volume stood at 64,70,732 shares. The 52-week high of the shares is $120.65 and the 52 week low is $86.25. The company has a current market capitalization of $150,119 M and it has 1,60,71,01,200 shares in outstanding.

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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