The Walt Disney Company (NYSE:DIS - Free Report) - Analysts at Seaport Res Ptn lifted their Q2 2024 earnings per share (EPS) estimates for Walt Disney in a research note issued to investors on Tuesday, March 26th. Seaport Res Ptn analyst D. Joyce now expects that the entertainment giant will earn $1.10 per share for the quarter, up from their prior forecast of $0.86. The consensus estimate for Walt Disney's current full-year earnings is $4.66 per share. Seaport Res Ptn also issued estimates for Walt Disney's Q3 2024 earnings at $1.24 EPS, Q4 2024 earnings at $1.19 EPS and FY2025 earnings at $5.26 EPS.
Walt Disney (NYSE:DIS - Get Free Report) last issued its quarterly earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.25. The business had revenue of $23.50 billion for the quarter, compared to the consensus estimate of $23.71 billion. Walt Disney had a net margin of 3.36% and a return on equity of 7.88%. The company's revenue for the quarter was down .1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.99 earnings per share.
Other analysts have also recently issued research reports about the company. Tigress Financial reiterated a "buy" rating and set a $136.00 target price on shares of Walt Disney in a research report on Wednesday, February 21st. Macquarie lifted their price objective on shares of Walt Disney from $94.00 to $104.00 and gave the company a "neutral" rating in a research report on Thursday, February 8th. Barclays upgraded shares of Walt Disney from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $95.00 to $135.00 in a report on Monday. Rosenblatt Securities reduced their target price on Walt Disney from $114.00 to $112.00 and set a "buy" rating on the stock in a report on Friday, December 22nd. Finally, UBS Group raised their price target on Walt Disney from $120.00 to $140.00 and gave the company a "buy" rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $117.77.
Read Our Latest Analysis on DIS
Walt Disney Price Performance
Walt Disney stock traded up $1.38 during mid-day trading on Thursday, hitting $122.36. The stock had a trading volume of 15,160,256 shares, compared to its average volume of 12,578,303. The company has a current ratio of 0.84, a quick ratio of 0.77 and a debt-to-equity ratio of 0.39. The firm's 50 day moving average is $107.28 and its 200 day moving average is $94.53. The firm has a market capitalization of $224.44 billion, a P/E ratio of 75.61, a P/E/G ratio of 1.84 and a beta of 1.41. Walt Disney has a one year low of $78.73 and a one year high of $123.74.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in the business. Planned Solutions Inc. purchased a new stake in shares of Walt Disney during the fourth quarter worth about $26,000. Gold Investment Management Ltd. purchased a new stake in Walt Disney during the 4th quarter worth approximately $28,000. Dark Forest Capital Management LP acquired a new position in Walt Disney during the 1st quarter valued at approximately $28,000. Worth Asset Management LLC purchased a new position in shares of Walt Disney in the first quarter worth $29,000. Finally, Fortis Group Advisors LLC acquired a new stake in shares of Walt Disney during the third quarter worth $30,000. Hedge funds and other institutional investors own 65.71% of the company's stock.
Insider Buying and Selling at Walt Disney
In related news, EVP Sonia L. Coleman sold 898 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $90.11, for a total value of $80,918.78. Following the transaction, the executive vice president now owns 1,861 shares of the company's stock, valued at $167,694.71. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.10% of the stock is owned by corporate insiders.
Walt Disney Cuts Dividend
The business also recently disclosed a semi-annual dividend, which will be paid on Thursday, July 25th. Investors of record on Monday, July 8th will be issued a dividend of $0.45 per share. The ex-dividend date is Monday, July 8th. This represents a yield of 0.5%. Walt Disney's payout ratio is 18.52%.
Walt Disney Company Profile
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The Walt Disney Company operates as an entertainment company worldwide. It operates through three segments: Entertainment, Sports, and Experiences. The company produces and distributes film and television video streaming content under the ABC Television Network, Disney, Freeform, FX, Fox, National Geographic, and Star brand television channels, as well as ABC television stations and A+E television networks; and produces original content under the ABC Signature, Disney Branded Television, FX Productions, Lucasfilm, Marvel, National Geographic Studios, Pixar, Searchlight Pictures, Twentieth Century Studios, 20th Television, and Walt Disney Pictures banners.
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