Walt Disney (NYSE:DIS – Get Rating) is set to post its quarterly earnings results after the market closes on Wednesday, February 8th. Analysts expect Walt Disney to post earnings of $0.69 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.
Walt Disney (NYSE:DIS – Get Rating) last posted its earnings results on Tuesday, November 8th. The entertainment giant reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.20). The firm had revenue of $20.15 billion during the quarter, compared to analyst estimates of $21.10 billion. Walt Disney had a net margin of 3.80% and a return on equity of 6.96%. On average, analysts expect Walt Disney to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.
Walt Disney Stock Up 0.8 %
Walt Disney stock opened at $108.49 on Wednesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.94 and a current ratio of 1.00. The firm has a market capitalization of $198.19 billion, a price-to-earnings ratio of 63.08, a price-to-earnings-growth ratio of 2.29 and a beta of 1.22. Walt Disney has a fifty-two week low of $84.07 and a fifty-two week high of $157.50. The stock’s fifty day moving average is $95.52 and its two-hundred day moving average is $101.54.
Analysts Set New Price Targets
A number of research firms recently commented on DIS. KeyCorp decreased their price objective on Walt Disney from $143.00 to $119.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 9th. The Goldman Sachs Group decreased their price objective on Walt Disney from $137.00 to $118.00 and set a “buy” rating on the stock in a research note on Wednesday, November 9th. Rosenblatt Securities decreased their price objective on Walt Disney from $134.00 to $120.00 and set a “buy” rating on the stock in a research note on Wednesday, November 9th. Huber Research began coverage on Walt Disney in a research note on Tuesday, January 17th. They set an “overweight” rating on the stock. Finally, Royal Bank of Canada set a $130.00 price objective on Walt Disney in a research note on Monday, November 21st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $129.19.
Insider Activity at Walt Disney
In related news, EVP Brent Woodford sold 18,110 shares of the firm’s stock in a transaction dated Thursday, January 12th. The stock was sold at an average price of $98.46, for a total transaction of $1,783,110.60. Following the sale, the executive vice president now directly owns 33,186 shares in the company, valued at approximately $3,267,493.56. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Walt Disney news, EVP Brent Woodford sold 18,110 shares of the firm’s stock in a transaction that occurred on Thursday, January 12th. The stock was sold at an average price of $98.46, for a total transaction of $1,783,110.60. Following the completion of the sale, the executive vice president now owns 33,186 shares in the company, valued at approximately $3,267,493.56. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Christine M. Mccarthy sold 42,533 shares of the firm’s stock in a transaction that occurred on Thursday, January 12th. The shares were sold at an average price of $98.46, for a total value of $4,187,799.18. Following the sale, the chief financial officer now owns 181,830 shares of the company’s stock, valued at approximately $17,902,981.80. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 61,782 shares of company stock worth $6,091,313. 0.10% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the company. Markel Corp boosted its position in Walt Disney by 2.3% during the 1st quarter. Markel Corp now owns 1,922,665 shares of the entertainment giant’s stock valued at $263,713,000 after purchasing an additional 42,500 shares during the period. Fairfield Bush & CO. raised its stake in Walt Disney by 3.4% during the 1st quarter. Fairfield Bush & CO. now owns 9,624 shares of the entertainment giant’s stock valued at $1,320,000 after acquiring an additional 320 shares in the last quarter. United Bank raised its stake in Walt Disney by 8.7% during the 1st quarter. United Bank now owns 9,949 shares of the entertainment giant’s stock valued at $1,365,000 after acquiring an additional 794 shares in the last quarter. AMI Investment Management Inc. raised its stake in Walt Disney by 4.6% during the 1st quarter. AMI Investment Management Inc. now owns 24,918 shares of the entertainment giant’s stock valued at $3,418,000 after acquiring an additional 1,094 shares in the last quarter. Finally, Mackenzie Financial Corp raised its stake in Walt Disney by 0.6% during the 1st quarter. Mackenzie Financial Corp now owns 828,308 shares of the entertainment giant’s stock valued at $113,611,000 after acquiring an additional 4,722 shares in the last quarter. Institutional investors and hedge funds own 62.22% of the company’s stock.
About Walt Disney
The Walt Disney Co is a diversified international family entertainment and media enterprise. It operates through the following segments: Disney Media and Entertainment Distribution (DMED) and Disney Parks, Experiences and Products (DPEP). The DMED segment encompasses the company’s global film and episodic television content production and distribution activities.