Revenue Update on Walt Disney Co(NYSE:DIS)

Walt Disney Co(NYSE:DIS) announced the earnings results for Fiscal Year 2016 and Q3. The results came in during After-hours on Aug 9, 2016. Company reported revenue of $14.28B. Analysts estimated a revenue of $14.15B. Earnings per share were $1.62. Analysts had estimated an EPS of $1.61.

In a different note, 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. 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) shares turned negative on Wednesdays trading session with the shares closing down -0.01 points or -0.01% at a volume of 56,97,252. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $96.97. The peak price level was also seen at $96.97 while the days lowest was $96.52. Finally the shares closed at $96.87. 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 $155,680 M.

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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