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 Down 0.1 %

DIS opened at $122.67 on Friday. 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 business has a 50 day moving average price of $101.93 and a 200 day moving average price of $119.35. The firm has a market cap of $223.63 billion, a P/E ratio of 71.32, a price-to-earnings-growth ratio of 1.60 and a beta of 1.24. Walt Disney has a twelve month low of $90.23 and a twelve month high of $187.58.

Walt Disney (NYSE:DIS - Get Rating) last issued its quarterly earnings results on Wednesday, August 10th. The entertainment giant reported $1.09 EPS for the quarter, topping the consensus estimate of $0.99 by $0.10. The company had revenue of $21.50 billion for the quarter, compared to the consensus estimate of $21.01 billion. Walt Disney had a return on equity of 7.20% and a net margin of 3.87%. The company's revenue for the quarter was up 26.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.80 EPS. Research analysts forecast that Walt Disney will post 3.93 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on DIS. BMO Capital Markets decreased their price objective on Walt Disney from $140.00 to $135.00 in a research report on Thursday, May 12th. Morgan Stanley decreased their price objective on Walt Disney from $170.00 to $125.00 and set an "overweight" rating for the company in a research report on Thursday, June 30th. Wells Fargo & Company raised their price objective on Walt Disney from $130.00 to $145.00 and gave the stock an "overweight" rating in a research report on Thursday, August 11th. Truist Financial decreased their price objective on Walt Disney from $135.00 to $125.00 and set a "buy" rating for the company in a research report on Tuesday, July 26th. Finally, Citigroup decreased their price objective on Walt Disney from $165.00 to $145.00 and set a "buy" rating for the company in a research report on Thursday, July 7th. Five analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat, Walt Disney presently has an average rating of "Moderate Buy" and a consensus price target of $151.48.

Insiders Place Their Bets

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 stock was sold at an average price of $119.03, for a total value of $357,090.00. Following the transaction, the executive vice president now directly owns 28,624 shares of the company's stock, valued at approximately $3,407,114.72. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.10% of the company's stock.