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.

Analyst Upgrades and Downgrades

DIS has been the topic of a number of research analyst reports. Citigroup decreased their target price on Walt Disney from $165.00 to $145.00 and set a "buy" rating on the stock in a research report on Thursday, July 7th. Royal Bank of Canada set a $150.00 target price on Walt Disney in a research report on Wednesday. StockNews.com upgraded Walt Disney from a "sell" rating to a "hold" rating in a research report on Thursday. The Goldman Sachs Group boosted their target price on Walt Disney from $130.00 to $140.00 and gave the stock a "buy" rating in a research report on Thursday. Finally, Morgan Stanley decreased their target price on Walt Disney from $170.00 to $125.00 and set an "overweight" rating on the stock in a research report on Thursday, June 30th. Five equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $151.48.

Walt Disney Trading Up 3.3 %

NYSE:DIS traded up $3.88 on Friday, hitting $121.57. 21,964,785 shares of the stock were exchanged, compared to its average volume of 12,776,028. The stock has a market cap of $221.63 billion, a PE ratio of 70.68, a PEG ratio of 1.46 and a beta of 1.24. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 0.48. The stock has a fifty day moving average of $100.56 and a 200-day moving average of $119.58. Walt Disney has a fifty-two week low of $90.23 and a fifty-two week high of $187.58.

Walt Disney (NYSE:DIS - Get Rating) last announced 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 during 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 firm's revenue was up 26.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.80 earnings per share. As a group, equities analysts expect that Walt Disney will post 3.97 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Walt Disney news, EVP Brent Woodford sold 3,000 shares of the company's stock in a transaction dated Friday, August 12th. The stock was 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.10% of the stock is currently owned by insiders.