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 Trading Down 1.7 %

Walt Disney stock opened at $122.81 on Thursday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.97 and a current ratio of 1.02. Walt Disney has a fifty-two week low of $90.23 and a fifty-two week high of $187.58. The stock has a market cap of $223.89 billion, a P/E ratio of 71.40, a PEG ratio of 1.57 and a beta of 1.24. The firm's fifty day moving average price is $101.54 and its 200-day moving average price is $119.33.

Walt Disney (NYSE:DIS - Get Rating) last announced its earnings results on Wednesday, August 10th. The entertainment giant reported $1.09 earnings per share for the quarter, topping analysts' consensus estimates of $0.99 by $0.10. The business had revenue of $21.50 billion for the quarter, compared to analyst estimates of $21.01 billion. Walt Disney had a return on equity of 7.20% and a net margin of 3.87%. The company's quarterly revenue was up 26.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.80 EPS. Equities research analysts forecast that Walt Disney will post 3.97 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on DIS shares. KGI Securities started coverage on Walt Disney in a research note on Monday, May 23rd. They set an "outperform" rating and a $145.00 target price on the stock. KeyCorp lifted their price objective on shares of Walt Disney from $131.00 to $154.00 and gave the stock an "overweight" rating in a research report on Thursday, August 11th. StockNews.com raised shares of Walt Disney from a "sell" rating to a "hold" rating in a research report on Thursday, August 11th. Royal Bank of Canada set a $150.00 price target on shares of Walt Disney in a report on Wednesday, August 10th. Finally, Rosenblatt Securities increased their price objective on Walt Disney from $124.00 to $140.00 and gave the company a "buy" rating in a report on Thursday, August 11th. Five equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $151.48.

Insider Buying and Selling

In other Walt Disney news, EVP Brent Woodford sold 3,000 shares of Walt Disney stock in a transaction that occurred on Friday, August 12th. The shares were sold at an average price of $119.03, for a total transaction of $357,090.00. Following the completion of the sale, the executive vice president now directly owns 28,624 shares in the company, valued at $3,407,114.72. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.10% of the stock is owned by company insiders.