“A sell-off that started more than two weeks ago was refueled Thursday morning when a prominent analyst, Bernstein’s Todd Juenger, downgraded Disney (DIS) and Time Warner (TWX)”. The firm has a 50 day moving average price of $115.12 and a 200 day moving average price of $109.53.
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The company still has long-term potential due to its brands including ESPN and “Frozen”, future plans for its parks and the opening of Shanghai Disney, and the release of “Star Wars VII”. Citigroup Inc. upped their target price on shares of Walt Disney from $110.00 to $125.00 and gave the company a “buy” rating in a report on Monday, April 27th.
Walt Disney Co (NYSE:DIS) will next issue quarterly earnings on or around 2015-11-05 for the period ending on 2015-09-30. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. Thirteen research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The shares were sold at an average price of $111.01, for a total transaction of $299,727.00. The entertainment giant reported $1.45 EPS for the quarter, beating the analysts’ consensus estimate of $1.42 by $0.03. Shares of CBS and Viacom are also down. On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, The officer (Sr EVP, General Counsel & Secy) of Walt Disney Co/, Braverman Alan N sold 18,473 shares at $118.63 on July 27, 2015. The disclosure for this sale can be found here. Shares of Walt Disney Company (The) (NYSE:DIS) ended Tuesday session in red amid volatile trading. This represents a yield of 1.15%. The Company operates in five business segments: Media Networks, Parks and Resorts, Studio Entertainment, Consumer Products and Interactive.
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According to Juenger, the market is now valuing media companies as “structurally impaired assets”, adding that in addition to a secular downturn in the TV advertising business, affiliate fees for cable networks “are being put at increased risk”.
