Tigress Financial analyst Ivan Feinseth reiterated a Buy rating on Walt Disney (DIS) yesterday. The company’s shares closed last Tuesday at $151.49, close to its 52-week high of $153.41.
According to TipRanks.com, Feinseth is a top 100 analyst with an average return of 18.8% and a 70.3% success rate. Feinseth covers the Technology sector, focusing on stocks such as Alphabet Class A, Cisco Systems, and Microsoft.
Currently, the analyst consensus on Walt Disney is a Strong Buy with an average price target of $153.63, a 3.7% upside from current levels. In a report issued on November 13, Barclays also maintained a Buy rating on the stock with a $150.00 price target.
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Based on Walt Disney’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $14.71 billion and GAAP net loss of $710 million. In comparison, last year the company earned revenue of $19.08 billion and had a net profit of $1.05 billion.
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The Walt Disney Co. is a diversified international family entertainment and media enterprise. It operates through the following segments: Media Networks, Parks, Experiences and Products, Studio Entertainment and Direct-to-Consumer and International (DTCI). The Media Networks segment includes cable and broadcast television networks, television production and distribution operations, domestic television stations, radio networks and stations. The Parks, Experiences and Products segment owns and operates the Walt Disney World Resort in Florida; the Disneyland Resort in California; Aulani, a Disney Resort & Spa in Hawaii; the Disney Vacation Club; the Disney Cruise Line; and Adventures by Disney. The Studio Entertainment segment produces and acquires live-action and animated motion pictures, direct-to-video content, musical recordings and live stage plays. This segment distributes films primarily under the Walt Disney Pictures, Pixar, Marvel, Lucasfilm and Touchstone banners. The DTCI segment licenses the company’s trade names, characters and visual and literary properties to various manufacturers, game developers, publishers and retailers throughout the world. It also develops and publishes games, primarily for mobile platforms, and books, magazines and comic books. This segment also distributes branded merchandise directly through retail, online and wholesale businesses. The Walt Disney was founded by Walter Elias Disney on October 16, 1923 and is headquartered in Burbank, CA.
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