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 Up 2.2 %

NYSE:DIS opened at $124.26 on Tuesday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.97 and a current ratio of 1.02. The firm has a 50-day simple moving average of $100.89 and a 200 day simple moving average of $119.40. Walt Disney has a twelve month low of $90.23 and a twelve month high of $187.58. The stock has a market cap of $226.53 billion, a PE ratio of 72.24, a PEG ratio of 1.54 and a beta of 1.25.

Walt Disney (NYSE:DIS - Get Rating) last released its earnings results on Wednesday, August 10th. The entertainment giant reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.10. Walt Disney had a net margin of 3.87% and a return on equity of 7.20%. The business had revenue of $21.50 billion during the quarter, compared to analysts' expectations of $21.01 billion. During the same quarter last year, the company earned $0.80 earnings per share. The firm's revenue was up 26.5% on a year-over-year basis. On average, research analysts forecast that Walt Disney will post 3.97 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have weighed in on DIS. Credit Suisse Group dropped their price target on Walt Disney from $170.00 to $157.00 and set an "outperform" rating for the company in a research report on Thursday, August 11th. Deutsche Bank Aktiengesellschaft reduced their target price on Walt Disney from $191.00 to $130.00 in a report on Monday, June 6th. Truist Financial reduced their target price on Walt Disney from $135.00 to $125.00 and set a "buy" rating on the stock in a report on Tuesday, July 26th. Barclays reduced their price objective on Walt Disney from $130.00 to $120.00 and set an "equal weight" rating on the stock in a research note on Thursday, July 14th. Finally, Morgan Stanley cut their price target on Walt Disney from $170.00 to $125.00 and set an "overweight" rating on the stock in a research note on Thursday, June 30th. Five analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $151.48.

Insider Activity at Walt Disney

In related news, EVP Brent Woodford sold 3,000 shares of the stock in a transaction dated 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 owns 28,624 shares in the company, valued at $3,407,114.72. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.10% of the stock is owned by corporate insiders.