Walt Disney Co (NYSE:DIS) Receives $154.31 Average Target Price from Analysts
Walt Disney Co (NYSE:DIS) has received a consensus recommendation of “Buy” from the twenty-seven brokerages that are presently covering the company, MarketBeat reports. Seven investment analysts have rated the stock with a hold rating and twenty have issued a buy rating on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $154.77.
A number of equities research analysts have recently commented on the stock. Credit Suisse Group set a $163.00 target price on shares of Walt Disney and gave the company a “buy” rating in a research report on Wednesday, November 13th. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $160.00 target price on shares of Walt Disney in a research report on Monday, November 25th. Evercore ISI restated a “buy” rating and set a $155.00 price objective on shares of Walt Disney in a research report on Monday, November 11th. Zacks Investment Research upgraded shares of Walt Disney from a “strong sell” rating to a “hold” rating and set a $123.00 price objective for the company in a research report on Thursday, January 23rd. Finally, Deutsche Bank raised their price objective on shares of Walt Disney from $132.00 to $139.00 and gave the stock a “hold” rating in a research report on Friday, November 15th.
In other Walt Disney news, EVP Brent Woodford sold 4,000 shares of the stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $152.16, for a total transaction of $608,640.00. Following the completion of the transaction, the executive vice president now owns 36,479 shares of the company’s stock, valued at $5,550,644.64. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Christine M. Mccarthy sold 4,617 shares of the stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $139.20, for a total transaction of $642,686.40. Following the transaction, the chief financial officer now directly 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. In the last ninety days, insiders have sold 18,875 shares of company stock valued at $2,764,627. 0.31% of the stock is currently owned by insiders.
Shares of NYSE DIS opened at $135.90 on Friday. The firm has a 50-day simple moving average of $145.05 and a 200-day simple moving average of $139.70. The stock has a market capitalization of $252.88 billion, a price-to-earnings ratio of 19.53, a price-to-earnings-growth ratio of 5.18 and a beta of 1.00. The company has a quick ratio of 0.84, a current ratio of 0.90 and a debt-to-equity ratio of 0.41. Walt Disney has a 52 week low of $107.32 and a 52 week high of $153.41.
Walt Disney (NYSE:DIS) last issued its earnings results on Thursday, November 7th. The entertainment giant reported $1.07 EPS for the quarter, beating the Zacks’ consensus estimate of $0.95 by $0.12. The business had revenue of $19.10 billion during the quarter, compared to analysts’ expectations of $19.02 billion. Walt Disney had a net margin of 15.89% and a return on equity of 11.38%. The company’s quarterly revenue was up 33.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.48 earnings per share. As a group, equities research analysts expect that Walt Disney will post 5.35 EPS for the current year.
The company also recently disclosed a semi-annual dividend, which was paid on Thursday, January 16th. Investors of record on Monday, December 16th were given a dividend of $0.88 per share. This represents a yield of 1.2%. The ex-dividend date of this dividend was Friday, December 13th. Walt Disney’s payout ratio is currently 30.50%.
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.
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