FBR Capital Downgrades Walt Disney Co to Market Perform

Brokerage firm FBR Capital Downgrades its rating on Walt Disney Co(NYSE:DIS). The shares have been rated Market Perform. Previously, the analysts had a Outperform rating on the shares. The rating by FBR Capital was issued on Jul 26, 2016.

In a different note, 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. On May 12, 2016, Credit Suisse said it Maintains its rating on Walt Disney Co. In the research note, the firm Lowers the price-target to $130.00 per share. The shares have been rated ‘Outperform’ by the firm.

Walt Disney Co (DIS) made into the market gainers list on Fridays trading session with the shares advancing 0.04% or 0.04 points. Due to strong positive momentum, the stock ended at $95.95, which is also near the day’s high of $96.38. The stock began the session at $95.85 and the volume stood at 82,63,966 shares. The 52-week high of the shares is $122.08 and the 52 week low is $86.25. The company has a current market capitalization of $155,673 M and it has 1,62,24,40,700 shares in outstanding.

Walt Disney Co(DIS) last announced its earnings results on May 10, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $12.97B. Analysts had an estimated revenue of $13.21B. Earnings per share were $1.36. Analysts had estimated an EPS of $1.40.

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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