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.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on DIS. BMO Capital Markets lowered their price target on shares of Walt Disney from $140.00 to $135.00 in a report on Thursday, May 12th. Wolfe Research reduced their price target on shares of Walt Disney from $211.00 to $128.00 and set an "outperform" rating for the company in a research report on Thursday, June 2nd. Barclays decreased their price objective on Walt Disney from $130.00 to $120.00 and set an "equal weight" rating on the stock in a report on Thursday, July 14th. StockNews.com lowered Walt Disney from a "hold" rating to a "sell" rating in a research report on Thursday, June 2nd. Finally, Morgan Stanley dropped their price target on shares of Walt Disney from $170.00 to $125.00 and set an "overweight" rating for the company in a research note on Thursday, June 30th. One analyst has rated the stock with a sell rating, five have issued a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $154.28.

Walt Disney Stock Performance

Walt Disney stock traded down $1.49 on Friday, hitting $106.63. The company's stock had a trading volume of 10,099,976 shares, compared to its average volume of 9,700,552. The company has a quick ratio of 1.01, a current ratio of 1.06 and a debt-to-equity ratio of 0.49. The firm has a market cap of $194.13 billion, a P/E ratio of 73.54, a price-to-earnings-growth ratio of 1.30 and a beta of 1.24. Walt Disney has a one year low of $90.23 and a one year high of $187.58. The company has a fifty day moving average price of $100.15 and a 200-day moving average price of $120.55.

Walt Disney (NYSE:DIS - Get Rating) last posted its quarterly earnings results on Wednesday, May 11th. The entertainment giant reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.20 by ($0.12). The company had revenue of $19.25 billion during the quarter, compared to the consensus estimate of $20.25 billion. Walt Disney had a return on equity of 6.87% and a net margin of 3.46%. During the same quarter in the prior year, the business earned $0.79 earnings per share. On average, equities analysts anticipate that Walt Disney will post 3.93 earnings per share for the current year.