#3 - Walt Disney Company (NYSE:DIS)
The Walt Disney Company (NYSE: DIS) continues to show that the whole of its company is greater than any of its individual parts. However, the individual parts are fairly attractive. In fact, it was the company’s streaming service, Disney+, fortuitously launched in late 2019 that helped the company weather the pandemic.
Today, with the company’s theme parks open and the production studios filming again, investors are likely to see DIS stock move past its 52-week high. Due to the Delta variant, it will take some time for Disney to see its theme park revenue rise to pre-pandemic levels. And analysts will also have to wait and see how successful the company will be at passing higher costs on to their guests. The company recently reinstituted its annual pass. The price is pretty close to what it was before the pandemic, but it comes without a couple of significant benefits.
True, the House of Mouse did suspend its dividend at the onset of the Covid-19 pandemic. However, Disney’s CFO Christine McCarthy has reiterated that Disney anticipates making dividends and share repurchases a part of its capital allocation strategy.
About Walt Disney
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.
Read More - Current Price
- $112.73
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 22 Buy Ratings, 2 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $125.08 (11.0% Upside)
