BMO Capital Keeps a Sell Rating on Walt Disney

By Carrie Williams

In a report released today, Daniel Salmon from BMO Capital reiterated a Sell rating on Walt Disney (NYSE: DIS), with a price target of $95. The company’s shares opened today at $106.76.

According to TipRanks.com, Salmon is a 5-star analyst with an average return of 11.5% and a 73.6% success rate. Salmon covers the Services sector, focusing on stocks such as Interpublic Group of Companies, Alliance Data Systems, and Publicis Groupe SA.

Currently, the analyst consensus on Walt Disney is Moderate Buy and the average price target is $119.63, representing a 12.1% upside.

In a report issued on May 10, Pivotal Research also reiterated a Sell rating on the stock with a $85 price target.

Based on Walt Disney’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $13.29 billion and quarterly net profit of $2.39 billion. In comparison, last year the company earned revenue of $12.9 billion and had a net profit of $2.14 billion.

Based on the recent corporate insider activity of 66 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Susan Arnold, a Director at DIS sold 12,143 shares for a total of $1,323,708.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.