Walt Disney (NYSE:DIS) had its price target raised by Imperial Capital from $108.00 to $112.00 in a research report released on Wednesday, MarketBeat Ratings reports. They currently have an inline rating on the entertainment giant’s stock. Imperial Capital also issued estimates for Walt Disney’s Q4 2018 earnings at $1.41 EPS, Q1 2019 earnings at $1.93 EPS, Q2 2019 earnings at $1.92 EPS, Q4 2019 earnings at $1.55 EPS and FY2019 earnings at $7.49 EPS.
Several other brokerages have also commented on DIS. Pivotal Research raised Walt Disney from a sell rating to a hold rating and cut their price objective for the stock from $94.00 to $93.00 in a report on Tuesday, April 17th. BMO Capital Markets boosted their price objective on Walt Disney from $100.00 to $110.00 and gave the stock a market perform rating in a report on Wednesday. Zacks Investment Research lowered Walt Disney from a buy rating to a hold rating in a research note on Saturday, July 14th. ValuEngine lowered Walt Disney from a hold rating to a sell rating in a research note on Wednesday, May 2nd. Finally, B. Riley cut their target price on Walt Disney from $123.00 to $121.00 and set a buy rating for the company in a research note on Wednesday. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and fourteen have issued a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $118.92.
Shares of NYSE DIS traded down $1.48 during midday trading on Wednesday, hitting $112.68. 5,739,040 shares of the company’s stock were exchanged, compared to its average volume of 8,518,572. Walt Disney has a 12-month low of $96.20 and a 12-month high of $117.90. The company has a current ratio of 0.88, a quick ratio of 0.79 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $169.78 billion, a price-to-earnings ratio of 17.11, a PEG ratio of 1.50 and a beta of 1.35.
Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Tuesday, August 7th. The entertainment giant reported $1.87 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.97 by ($0.10). Walt Disney had a return on equity of 21.37% and a net margin of 20.76%. The business had revenue of $15.23 billion for the quarter, compared to analysts’ expectations of $15.49 billion. During the same period in the previous year, the firm posted $1.58 EPS. analysts predict that Walt Disney will post 6.96 earnings per share for the current year.
The business also recently disclosed a semiannual dividend, which was paid on Thursday, July 26th. Shareholders of record on Monday, July 9th were given a $0.84 dividend. The ex-dividend date of this dividend was Friday, July 6th. This represents a yield of 1.62%. This is an increase from Walt Disney’s previous semiannual dividend of $0.78. Walt Disney’s payout ratio is presently 29.47%.
In other Walt Disney news, Chairman Robert A. Iger sold 437,679 shares of the business’s stock in a transaction that occurred on Monday, August 6th. The stock was sold at an average price of $115.00, for a total value of $50,333,085.00. Following the completion of the sale, the chairman now owns 1,498,871 shares in the company, valued at $172,370,165. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Brent Woodford sold 768 shares of the business’s stock in a transaction that occurred on Monday, July 2nd. The shares were sold at an average price of $104.35, for a total value of $80,140.80. Following the completion of the sale, the executive vice president now owns 28,493 shares of the company’s stock, valued at approximately $2,973,244.55. The disclosure for this sale can be found here. Insiders sold 710,002 shares of company stock valued at $80,514,432 in the last quarter. Corporate insiders own 0.38% of the company’s stock.
A number of hedge funds have recently made changes to their positions in DIS. Live Your Vision LLC raised its holdings in shares of Walt Disney by 91.6% during the second quarter. Live Your Vision LLC now owns 1,046 shares of the entertainment giant’s stock valued at $113,000 after acquiring an additional 500 shares in the last quarter. Trilogy Capital Inc. bought a new position in shares of Walt Disney during the first quarter valued at approximately $107,000. Icon Wealth Partners LLC bought a new position in shares of Walt Disney during the fourth quarter valued at approximately $116,000. Almanack Investment Partners LLC. bought a new position in shares of Walt Disney during the fourth quarter valued at approximately $118,000. Finally, BDO Wealth Advisors LLC raised its holdings in shares of Walt Disney by 184.3% during the first quarter. BDO Wealth Advisors LLC now owns 1,140 shares of the entertainment giant’s stock valued at $114,000 after acquiring an additional 739 shares in the last quarter. Hedge funds and other institutional investors own 63.57% of the company’s stock.
Walt Disney Company Profile
The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming services under the brand ESPN, Disney, and Freeform; broadcast businesses, which include the ABC TV Network and eight owned television stations; radio businesses consisting of the ESPN Radio network; and the Radio Disney network.
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