Walt Disney - DIS Stock Forecast, Price & News

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 broadcast networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic, and Star brands; and studios that produces motion pictures 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; licenses its intellectual property to a third party for the operations of the Tokyo Disney Resort; and provides consumer products, which include licensing of trade names, characters, visual, literary, and other IP for use on merchandise, published materials, and games. Further, it 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.

Walt Disney Stock Performance

DIS Stock traded up $3.88 during midday trading on Friday, reaching $121.57. 21,860,495 shares of the company's stock traded hands, compared to its average volume of 12,652,088. Walt Disney has a 52-week low of $90.23 and a 52-week high of $187.58. The stock has a market cap of $221.33 billion, a P/E ratio of 69.97, a PEG ratio of 1.35 and a beta of 1.24. The company has a current ratio of 1.06, a quick ratio of 1.01 and a debt-to-equity ratio of 0.49. The stock's 50-day moving average is $100.30 and its 200 day moving average is $119.80.

Walt Disney (NYSE:DIS - Get Rating) last announced its earnings results on Wednesday, August 10th. The entertainment giant reported $1.09 EPS for the quarter, beating analysts' consensus estimates of $0.99 by $0.10. The business had revenue of $21.50 billion during the quarter, compared to analysts' expectations of $21.01 billion. Walt Disney had a net margin of 3.87% and a return on equity of 7.25%. The firm's revenue was up 26.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.80 earnings per share. As a group, analysts anticipate that Walt Disney will post 3.93 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently issued reports on DIS. Wolfe Research reduced their price target on shares of Walt Disney from $211.00 to $128.00 and set an "outperform" rating on the stock in a research report on Thursday, June 2nd. Truist Financial reduced their price target on shares of Walt Disney from $135.00 to $125.00 and set a "buy" rating on the stock in a research report on Tuesday, July 26th. BMO Capital Markets reduced their price target on shares of Walt Disney from $140.00 to $135.00 in a research report on Thursday, May 12th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Walt Disney from $191.00 to $130.00 in a research report on Monday, June 6th. Finally, Rosenblatt Securities boosted their price objective on shares of Walt Disney from $124.00 to $140.00 and gave the stock a "buy" rating in a research note on Thursday. Five analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $151.48.

Insider Transactions at Walt Disney

In other news, EVP Brent Woodford sold 3,000 shares of the stock in a transaction on Friday, August 12th. The shares were sold at an average price of $119.03, for a total value of $357,090.00. Following the completion of the sale, the executive vice president now directly owns 28,624 shares of the company's stock, valued at $3,407,114.72. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.10% of the company's stock.