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• DIS 93% Rate It

Citigroup has reiterated its "Neutral" rating on entertainment company, The Walt Disney Company( DIS ) Friday.

The firm has reaffirmed a "Neutral" rating for DIS with a price target of $50. This price suggests a 3.5% decrease from the stock's current price of $51.75, and a 25% increase over the stock's YTD price of $37.50.

Citigroup commented, "from July through September, forward pricing has generally increased mid-single digits at East Coast properties, which may bode well for Domestic Parks results when Disney reports F4Q12 on November 8th. But pricing is the spot market remains soft, suggesting vacancies remain typical at Disneyworld…Our database indicates double-digits price increases in the forward market. In addition, strength in the forward market has continued into the spot market. Indeed, in recent weeks rooms have often been sold out. This is a significant development as we have not seen room sellouts since 2007. We believe the strength at the West Coast properties may be driven by strong interest in the newly opened Cars Land."

Disney shares were down 67 cents, or 1.28% on Friday afternoon.

The Bottom Line
Shares of Walt Disney ( DIS ) have a 1.14% dividend yield, based on last night's closing stock price of $52.42. The stock has technical support in the $49-$50 price area. The shares are trading near all-time highs.

The Walt Disney Company( DIS ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here

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