Walt Disney (DIS) Receives a Hold from Needham

By Ryan Adsit

Needham analyst Laura Martin maintained a Hold rating on Walt Disney (DISResearch Report) today. The company’s shares closed last Wednesday at $123.28.

According to TipRanks.com, Martin is a top 100 analyst with an average return of 20.3% and a 63.2% success rate. Martin covers the Services sector, focusing on stocks such as Peloton Interactive, World Wrestling, and Trade Desk.

Walt Disney has an analyst consensus of Moderate Buy, with a price target consensus of $132.80.

See today’s analyst top recommended stocks >>

Based on Walt Disney’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $11.78 billion and GAAP net loss of $4.72 billion. In comparison, last year the company earned revenue of $20.26 billion and had a net profit of $1.76 billion.

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.

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.