Walt Disney Company (The) (NYSE:DIS) posted its quarterly earnings results on Tuesday. The entertainment giant reported $1.58 earnings per share for the quarter, beating analysts’ consensus estimates of $1.55 by $0.03, Bloomberg Earnings reports. Walt Disney Company (The) had a return on equity of 19.81% and a net margin of 16.63%. The business had revenue of $14.24 billion for the quarter, compared to analysts’ expectations of $14.44 billion. During the same quarter in the prior year, the business earned $1.62 EPS. The firm’s revenue for the quarter was down .3% on a year-over-year basis.
Walt Disney Company (NYSE:DIS) traded up 0.59% during trading on Tuesday, reaching $106.98. The company’s stock had a trading volume of 9,710,227 shares. Walt Disney Company has a 52-week low of $90.32 and a 52-week 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 stock has a 50-day moving average price of $106.20 and a 200 day moving average price of $109.38. Walt Disney Company (The) also was the recipient of unusually large options trading on Monday. Traders purchased 26,917 put options on the company. This represents an increase of 352% compared to the typical volume of 5,955 put options.
The company also recently announced a Semi-Annual dividend, which was paid on Thursday, July 27th. Shareholders of record on Monday, July 10th were given a $0.78 dividend. The ex-dividend date of this dividend was Thursday, July 6th. Walt Disney Company (The)’s dividend payout ratio is presently 27.18%.
In other news, Chairman Robert A. Iger sold 797,578 shares of the company’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 transaction, the chairman now directly owns 1,566,484 shares in the company, valued at approximately $164,621,803.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Susan E. Arnold sold 12,143 shares of the company’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 transaction, the director now owns 48,673 shares of the company’s stock, valued at $5,306,330.46. The disclosure for this sale can be found here. 13.00% of the stock is currently owned by corporate insiders.
A number of equities research analysts recently weighed in on DIS shares. BidaskClub upgraded Walt Disney Company (The) from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Credit Suisse Group restated a “buy” rating and issued a $125.00 price target on shares of Walt Disney Company (The) in a research note on Sunday, May 28th. Morgan Stanley increased their price target on Walt Disney Company (The) from $124.00 to $130.00 and gave the company an “overweight” rating in a research note on Thursday, April 20th. Goldman Sachs Group, Inc. (The) restated a “conviction-buy” rating and issued a $138.00 price target on shares of Walt Disney Company (The) in a research note on Wednesday, April 26th. Finally, Deutsche Bank AG restated a “buy” rating and issued a $125.00 price target (down previously from $130.00) on shares of Walt Disney Company (The) in a research note on Monday, May 15th. Six analysts have rated the stock with a sell rating, fourteen have issued a hold rating and seventeen have given a buy rating to the stock. Walt Disney Company (The) currently has an average rating of “Hold” and a consensus price target of $115.95.
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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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