Walt Disney Company (The) (DIS) Posts Earnings Results, Beats Expectations By $0.05 EPS
Walt Disney Company (The) (NYSE:DIS) announced its quarterly earnings data on Tuesday. The entertainment giant reported $1.58 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.53 by $0.05, Bloomberg Earnings reports. The firm had revenue of $14.24 billion during the quarter, compared to analyst estimates of $14.44 billion. Walt Disney Company (The) had a net margin of 16.63% and a return on equity of 19.81%. The business’s quarterly revenue was down .3% on a year-over-year basis. During the same period in the previous year, the business posted $1.62 EPS.
Walt Disney Company (DIS) opened at 106.98 on Wednesday. Walt Disney Company has a 1-year low of $90.32 and a 1-year high of $116.10. The company has a market cap of $167.41 billion, a PE ratio of 18.66 and a beta of 1.40. The firm’s 50-day moving average is $106.20 and its 200 day moving average is $109.38. Walt Disney Company (The) also was the target of unusually large options trading on Monday. Stock investors acquired 26,917 put options on the stock. This is an increase of approximately 352% compared to the typical volume of 5,955 put options.
The business also recently announced a Semi-Annual dividend, which was paid on Thursday, July 27th. Shareholders of record on Monday, July 10th were paid a dividend of $0.78 per share. The ex-dividend date of this dividend was Thursday, July 6th. Walt Disney Company (The)’s dividend payout ratio is currently 27.18%.
A number of equities research analysts have recently weighed in on DIS shares. BidaskClub upgraded shares of Walt Disney Company (The) from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Credit Suisse Group restated a “buy” rating and issued a $125.00 price objective on shares of Walt Disney Company (The) in a report on Sunday, May 28th. Morgan Stanley boosted their price objective on shares of Walt Disney Company (The) from $124.00 to $130.00 and gave the stock an “overweight” rating in a report on Thursday, April 20th. Goldman Sachs Group, Inc. (The) restated a “conviction-buy” rating and issued a $138.00 price objective on shares of Walt Disney Company (The) in a report on Wednesday, April 26th. Finally, Deutsche Bank AG restated a “buy” rating and issued a $125.00 price objective (down from $130.00) on shares of Walt Disney Company (The) in a report on Monday, May 15th. Six research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and sixteen have given a buy rating to the company. Walt Disney Company (The) currently has an average rating of “Hold” and a consensus target price of $115.67.
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In other Walt Disney Company (The) news, Director Susan E. Arnold sold 12,143 shares of the firm’s stock in a transaction dated Thursday, May 11th. The stock was sold at an average price of $109.02, for a total value of $1,323,829.86. Following the completion of the sale, the director now owns 48,673 shares of the company’s stock, valued at $5,306,330.46. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Chairman Robert A. Iger sold 797,578 shares of the firm’s stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $105.09, for a total value of $83,817,472.02. Following the completion of the sale, the chairman now directly owns 1,566,484 shares of the company’s stock, valued at approximately $164,621,803.56. The disclosure for this sale can be found here. 13.00% of the stock is currently owned by company insiders.
Several large investors have recently added to or reduced their stakes in the company. Thomas J. Herzfeld Advisors Inc. purchased a new stake in Walt Disney Company (The) during the fourth quarter worth approximately $110,000. Lee Financial Co increased its stake in Walt Disney Company (The) by 7.6% in the second quarter. Lee Financial Co now owns 1,052 shares of the entertainment giant’s stock worth $112,000 after buying an additional 74 shares during the period. Sumitomo Mitsui Financial Group Inc. purchased a new stake in Walt Disney Company (The) during the first quarter worth approximately $144,000. BDO Wealth Advisors LLC purchased a new stake in Walt Disney Company (The) during the second quarter worth approximately $153,000. Finally, Feltz Wealth PLAN Inc. purchased a new stake in Walt Disney Company (The) during the first quarter worth approximately $173,000. 62.42% of the stock is owned by hedge funds and other institutional investors.
Walt Disney Company (The) Company Profile
The Walt Disney Company is an entertainment company. The Company operates in four business segments: Media Networks, Parks and Resorts, Studio Entertainment, and Consumer Products & Interactive Media. The media networks segment includes cable and broadcast television networks, television production and distribution operations, domestic television stations, and radio networks and stations.
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