The Walt Disney Company (NYSE:DIS) shares traded -2.02% lower at $90.98 on Wall Street last session.
In accordance with the data, 30 analysts cover The Walt Disney Company (NYSE:DIS). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $147.00 and a low of $94.00, we find $125.00. Given the previous closing price of $92.86, this indicates a potential upside of 34.61 percent. DIS stock price is now -7.07% away from the 50-day moving average and -10.09% away from the 200-day moving average. The market capitalization of the company currently stands at $166.78B.
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It has been rated a hold by 7 analysts and a buy by 21. Brokers who have rated the stock have averaged $122.33 as their price target over the next twelve months.
On May 08, 2023, Morgan Stanley reiterated its ‘Overweight’ rating on the stock by increasing its target price from $115 to quote $120, while ‘JP Morgan’ rates the stock as ‘Overweight’.
In other news, WOODFORD BRENT, EVP, Control, Fin Plan & Tax sold 1,145 shares of the company’s stock on Apr 25. The stock was sold for $113,538 at an average price of $99.16. Upon completion of the transaction, the EVP, Control, Fin Plan & Tax now directly owns 29,138 shares in the company, valued at $2.65 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 21, EVP, Control, Fin Plan & Tax WOODFORD BRENT sold 1,139 shares of the business’s stock. A total of $108,444 was realized by selling the stock at an average price of $95.21. This leaves the insider owning 30,283 shares of the company worth $2.76 million. Insiders disposed of 110,958 shares of company stock worth roughly $10.09 million over the past 1 year. A total of 0.06% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in DIS stock. A new stake in The Walt Disney Company shares was purchased by OFI INVEST ASSET MANAGEMENT during the first quarter worth $2,766,855,000. CAPITAL INTERNATIONAL INVESTORS invested $243,372,000 in shares of DIS during the first quarter. In the first quarter, CONTOUR ASSET MANAGEMENT LLC acquired a new stake in The Walt Disney Company valued at approximately $131,962,000. HUDSON BAY CAPITAL MANAGEMENT LP acquired a new stake in DIS for approximately $127,372,000. QUINTET PRIVATE BANK (EUROPE) S.A. purchased a new stake in DIS valued at around $86,819,000 in the second quarter. In total, there are 3,900 active investors with 65.00% ownership of the company’s stock.
The Walt Disney Company (NYSE: DIS) opened at $92.04 on Tuesday. During the past 12 months, The Walt Disney Company has had a low of $84.07 and a high of $126.48. As of last week, the company has a debt-to-equity ratio of 0.50, a current ratio of 1.00, and a quick ratio of 0.90. According to the stock market information, the enterprise value for the company is $207.95B, which is based on a 40.35 price-to-earnings ratio, a 1.85 price-to-earnings-growth ratio, and a beta of 1.31. The fifty day moving average price for DIS is $97.71 and a two-hundred day moving average price translates $101.12 for the stock.
The latest earnings results from The Walt Disney Company (NYSE: DIS) was released for Mar, 2023. According to the Entertainment Company, earnings per share came in at $0.93, inline with analysts’ expectations of $0.93. This compares to $0.26 EPS in the same period last year. The net profit margin was 4.70% and return on equity was 4.30% for DIS. The company reported revenue of $21.82 billion for the quarter, compared to $19.25 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 13.33 percent. For the current quarter, analysts expect DIS to generate $22.73B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 01/16/2020. Investors who held shares on 12/16/2019 were paid a $0.88 dividend.
The Walt Disney Company(DIS) Company Profile
The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. It operates through two segments, Disney Media and Entertainment Distribution; and Disney Parks, Experiences and Products. The company engages in the film and episodic television content production and distribution activities, as well as operates television networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic, and Star brands; and studios that produces films under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar, and Searchlight Pictures banners. It also offers direct-to-consumer streaming services through Disney+, Disney+ Hotstar, ESPN+, Hulu, and Star+; sale/licensing of film and television content to third-party television and subscription video-on-demand services; theatrical, home entertainment, and music distribution services; staging and licensing of live entertainment events; and post-production services by Industrial Light & Magic and Skywalker Sound. In addition, the company operates theme parks and resorts, such as Walt Disney World Resort in Florida; Disneyland Resort in California; Disneyland Paris; Hong Kong Disneyland Resort; and Shanghai Disney Resort; Disney Cruise Line, Disney Vacation Club, National Geographic Expeditions, and Adventures by Disney, as well as Aulani, a Disney resort and spa in Hawaii. Further, it licenses its intellectual property to a third party for the operations of the Tokyo Disney Resort; provides consumer products, including licensing of trade names, characters, visual, literary, and other IP for use on merchandise, published materials, and games; operates a direct-to-home satellite distribution platform; sells branded merchandise through retail, online, and wholesale businesses; and develops and publishes books, comic books, and magazines. The Walt Disney Company was founded in 1923 and is based in Burbank, California.
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