Walt Disney Co (NYSE:DIS) – Imperial Capital decreased their FY2020 earnings estimates for shares of Walt Disney in a research report issued to clients and investors on Wednesday, January 15th, Zacks Investment Research reports. Imperial Capital analyst D. Miller now expects that the entertainment giant will earn $5.50 per share for the year, down from their prior forecast of $5.56. Imperial Capital has a “In-Line” rating and a $143.00 price objective on the stock. Imperial Capital also issued estimates for Walt Disney’s Q4 2020 earnings at $1.18 EPS.
Walt Disney (NYSE:DIS) last released its quarterly earnings data on Tuesday, February 4th. The entertainment giant reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.09. The business had revenue of $20.86 billion during the quarter, compared to analysts’ expectations of $20.84 billion. Walt Disney had a return on equity of 10.23% and a net margin of 13.81%. The business’s revenue was up 36.3% on a year-over-year basis. During the same quarter last year, the business posted $1.84 EPS.
DIS has been the topic of a number of other reports. Zacks Investment Research downgraded Walt Disney from a “buy” rating to a “hold” rating and set a $152.00 target price on the stock. in a research report on Wednesday. Morgan Stanley boosted their price objective on Walt Disney from $160.00 to $170.00 and gave the stock an “overweight” rating in a research note on Monday, January 27th. Consumer Edge started coverage on Walt Disney in a research note on Monday, November 25th. They set an “overweight” rating and a $175.00 price objective on the stock. Deutsche Bank boosted their price objective on Walt Disney from $132.00 to $139.00 and gave the stock a “hold” rating in a research note on Friday, November 15th. Finally, Guggenheim boosted their price objective on Walt Disney from to in a research note on Wednesday. Seven analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $160.36.
Shares of DIS traded down $1.68 during trading hours on Thursday, hitting $141.02. The stock had a trading volume of 10,939,238 shares, compared to its average volume of 11,267,083. The stock has a fifty day moving average price of $143.50 and a 200 day moving average price of $139.52. Walt Disney has a 12 month low of $107.32 and a 12 month high of $153.41. The firm has a market capitalization of $257.64 billion, a PE ratio of 22.53, a PEG ratio of 5.24 and a beta of 1.00. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.80 and a quick ratio of 0.84.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Carolina Wealth Advisors LLC purchased a new stake in shares of Walt Disney during the 4th quarter valued at $31,000. JJJ Advisors Inc. lifted its holdings in shares of Walt Disney by 96.8% during the 3rd quarter. JJJ Advisors Inc. now owns 244 shares of the entertainment giant’s stock valued at $32,000 after purchasing an additional 120 shares during the last quarter. Garrett Wealth Advisory Group LLC purchased a new stake in shares of Walt Disney during the 3rd quarter valued at $36,000. TI Trust Inc. purchased a new stake in shares of Walt Disney during the 4th quarter valued at $39,000. Finally, Wealthcare Capital Management LLC lifted its holdings in shares of Walt Disney by 66.5% during the 4th quarter. Wealthcare Capital Management LLC now owns 333 shares of the entertainment giant’s stock valued at $48,000 after purchasing an additional 133 shares during the last quarter. Hedge funds and other institutional investors own 64.25% of the company’s stock.
In related news, EVP Alan N. Braverman sold 1,113 shares of the business’s stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of $146.32, for a total value of $162,854.16. Following the completion of the sale, the executive vice president now owns 102,789 shares in the company, valued at $15,040,086.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Christine M. Mccarthy sold 4,617 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $139.20, for a total value of $642,686.40. Following the completion of the sale, the chief financial officer now owns 135,756 shares of the company’s stock, valued at approximately $18,897,235.20. The disclosure for this sale can be found here. Insiders sold 18,875 shares of company stock valued at $2,764,627 in the last quarter. 0.31% of the stock is owned by company insiders.
The company also recently declared a semi-annual dividend, which was paid on Thursday, January 16th. Investors of record on Monday, December 16th were issued a $0.88 dividend. The ex-dividend date was Friday, December 13th. This represents a dividend yield of 1.2%. Walt Disney’s payout ratio is 30.50%.
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 businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses.