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 Ratings Changes
A number of research analysts have recently issued reports on the company. Rosenblatt Securities boosted their target price on Walt Disney from $124.00 to $140.00 and gave the company a "buy" rating in a report on Thursday, August 11th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Walt Disney from $191.00 to $130.00 in a research note on Monday, June 6th. BMO Capital Markets lowered their price objective on Walt Disney from $140.00 to $135.00 in a report on Thursday, May 12th. Moffett Nathanson cut their target price on Walt Disney to $120.00 in a research note on Friday, July 22nd. Finally, Wells Fargo & Company lifted their price target on Walt Disney from $130.00 to $145.00 and gave the company an "overweight" rating in a research note on Thursday, August 11th. Five analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $151.48.
Walt Disney Trading Down 2.1 %
Walt Disney stock traded down $2.53 during midday trading on Friday, reaching $120.14. The stock had a trading volume of 8,507,147 shares, compared to its average volume of 12,659,420. The stock has a market capitalization of $219.02 billion, a PE ratio of 71.32, a price-to-earnings-growth ratio of 1.57 and a beta of 1.24. 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's 50-day simple moving average is $101.93 and its 200 day simple moving average is $119.35. 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 posted its earnings results on Wednesday, August 10th. The entertainment giant reported $1.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.99 by $0.10. The firm had revenue of $21.50 billion during the quarter, compared to the consensus estimate of $21.01 billion. Walt Disney had a net margin of 3.87% and a return on equity of 7.20%. The company's revenue was up 26.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.80 EPS. Analysts expect that Walt Disney will post 3.93 EPS for the current year.
Insider Activity at Walt Disney
In other Walt Disney news, EVP Brent Woodford sold 3,000 shares of the firm's stock in a transaction dated 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 $3,407,114.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.10% of the company's stock.
