Walt Disney Co (NYSE:DIS) – Analysts at Imperial Capital cut their Q1 2020 earnings estimates for Walt Disney in a research report issued on Monday, June 17th, Zacks Investment Research reports. Imperial Capital analyst D. Miller now expects that the entertainment giant will post earnings per share of $1.65 for the quarter, down from their prior forecast of $1.66. Imperial Capital currently has a “Outperform” rating and a $147.00 target price on the stock. Imperial Capital also issued estimates for Walt Disney’s Q4 2020 earnings at $1.39 EPS and FY2021 earnings at $7.36 EPS.
Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Wednesday, May 8th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.59 by $0.02. The company had revenue of $14.92 billion for the quarter, compared to the consensus estimate of $14.53 billion. Walt Disney had a net margin of 22.55% and a return on equity of 15.67%. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same period last year, the firm posted $1.84 EPS.
DIS has been the topic of a number of other reports. Zacks Investment Research downgraded shares of Walt Disney from a “hold” rating to a “sell” rating in a research report on Monday, April 8th. Citigroup began coverage on shares of Walt Disney in a research report on Tuesday, April 2nd. They issued a “buy” rating and a $150.00 target price on the stock. Bank of America lifted their target price on shares of Walt Disney from $144.00 to $168.00 and gave the stock a “buy” rating in a research report on Tuesday, April 23rd. UBS Group set a $128.00 target price on shares of Walt Disney and gave the stock a “buy” rating in a research report on Friday, April 12th. Finally, JPMorgan Chase & Co. began coverage on shares of Walt Disney in a research report on Friday, April 12th. They issued an “overweight” rating and a $137.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nineteen have given a buy rating to the company’s stock. Walt Disney currently has an average rating of “Buy” and a consensus price target of $146.27.
Shares of NYSE:DIS opened at $142.98 on Wednesday. The company has a market cap of $256.32 billion, a P/E ratio of 20.19, a PEG ratio of 4.28 and a beta of 0.96. The firm has a 50-day moving average price of $137.03. Walt Disney has a fifty-two week low of $100.35 and a fifty-two week high of $143.51. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.74 and a current ratio of 0.77.
Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc grew its stake in Walt Disney by 0.5% in the third quarter. Vanguard Group Inc now owns 103,729,219 shares of the entertainment giant’s stock worth $12,130,095,000 after purchasing an additional 553,232 shares in the last quarter. Founders Capital Management LLC lifted its holdings in Walt Disney by 2.6% during the fourth quarter. Founders Capital Management LLC now owns 93,746 shares of the entertainment giant’s stock worth $10,279,000 after buying an additional 2,340 shares during the period. Cobiz Wealth LLC lifted its holdings in Walt Disney by 2.4% during the fourth quarter. Cobiz Wealth LLC now owns 47,579 shares of the entertainment giant’s stock worth $5,217,000 after buying an additional 1,098 shares during the period. Bogart Wealth LLC lifted its holdings in Walt Disney by 10.0% during the fourth quarter. Bogart Wealth LLC now owns 1,876 shares of the entertainment giant’s stock worth $205,000 after buying an additional 171 shares during the period. Finally, Polianta Ltd purchased a new stake in Walt Disney during the fourth quarter worth $1,107,000. 64.14% of the stock is currently owned by institutional investors and hedge funds.
In related news, EVP Zenia B. Mucha sold 49,561 shares of the business’s stock in a transaction on Wednesday, June 19th. The shares were sold at an average price of $140.00, for a total transaction of $6,938,540.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Brent Woodford sold 2,200 shares of the business’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $138.23, for a total transaction of $304,106.00. The disclosure for this sale can be found here. Insiders sold 94,961 shares of company stock valued at $12,912,520 over the last 90 days. 0.36% of the stock is owned by corporate insiders.
The company also recently disclosed a Semi-Annual dividend, which will be paid on Thursday, July 25th. Stockholders of record on Monday, July 8th will be paid a $0.88 dividend. The ex-dividend date is Friday, July 5th. Walt Disney’s payout ratio is 24.86%.
About Walt Disney
The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company’s Media Networks segment operates cable programming businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses.