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 Analyst Weigh In

Several equities research analysts recently commented on DIS shares. Daiwa Capital Markets decreased their target price on Walt Disney from $201.00 to $151.00 and set a "buy" rating for the company in a research note on Tuesday, May 24th. BMO Capital Markets reduced their price objective on Walt Disney from $140.00 to $135.00 in a research note on Thursday, May 12th. Deutsche Bank Aktiengesellschaft reduced their price objective on Walt Disney from $191.00 to $130.00 in a research note on Monday, June 6th. Barclays reduced their price objective on Walt Disney from $130.00 to $120.00 and set an "equal weight" rating for the company in a research note on Thursday, July 14th. Finally, Guggenheim raised Walt Disney from a "neutral" rating to a "buy" rating and raised their price objective for the company from $110.00 to $145.00 in a research note on Thursday, August 11th. Five research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company's stock. Based on data from MarketBeat.com, Walt Disney presently has an average rating of "Moderate Buy" and a consensus price target of $151.48.

Walt Disney Price Performance

Shares of NYSE:DIS opened at $124.96 on Wednesday. The stock has a market cap of $227.81 billion, a PE ratio of 72.65, a price-to-earnings-growth ratio of 1.57 and a beta of 1.24. Walt Disney has a fifty-two week low of $90.23 and a fifty-two week high of $187.58. 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 stock has a fifty day moving average of $101.23 and a 200-day moving average of $119.31.

Walt Disney (NYSE:DIS - Get Rating) last announced its quarterly 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. The company had revenue of $21.50 billion during the quarter, compared to analysts' expectations of $21.01 billion. Walt Disney had a return on equity of 7.20% and a net margin of 3.87%. The firm's quarterly revenue was up 26.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.80 earnings per share. Equities research analysts anticipate that Walt Disney will post 3.97 earnings per share for the current year.

Insider Activity

In other news, EVP Brent Woodford sold 3,000 shares of Walt Disney stock in a transaction on Friday, August 12th. The stock was sold at an average price of $119.03, for a total value of $357,090.00. Following the completion of the transaction, 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 through the SEC website. 0.10% of the stock is owned by company insiders.