Walt Disney (NYSE:DIS) Reaches New 1-Year High at $143.69

Walt Disney Co (NYSE:DIS) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $143.69 and last traded at $143.69, with a volume of 318381 shares trading hands. The stock had previously closed at $141.61.

A number of analysts have issued reports on DIS shares. Morgan Stanley reiterated an “overweight” rating and issued a GBX 4,000 ($52.27) price target on shares of in a report on Thursday, June 13th. UBS Group reduced their price target on shares of Cboe Global Markets from $105.00 to $103.00 and set a “neutral” rating on the stock in a report on Monday, May 6th. BMO Capital Markets reduced their price target on shares of AKITA Drilling from C$5.00 to C$3.50 in a report on Tuesday, May 7th. Guggenheim reiterated a “buy” rating and issued a $157.00 price target on shares of Walt Disney in a report on Tuesday, April 23rd. Finally, Rosenblatt Securities started coverage on shares of FOX in a report on Monday, May 6th. They issued a “sell” rating and a $33.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nineteen have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $144.89.

The business has a fifty day simple moving average of $138.08. The stock has a market capitalization of $256.50 billion, a PE ratio of 20.27, a PEG ratio of 4.30 and a beta of 0.96. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.77 and a quick ratio of 0.74.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Wednesday, May 8th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.59 by $0.02. Walt Disney had a net margin of 22.55% and a return on equity of 15.67%. The firm had revenue of $14.92 billion for the quarter, compared to the consensus estimate of $14.53 billion. During the same period in the prior year, the firm posted $1.84 earnings per share. The firm’s quarterly revenue was up 2.6% compared to the same quarter last year. Equities analysts forecast that Walt Disney Co will post 6.57 earnings per share for the current fiscal year.

The company also recently declared a Semi-Annual dividend, which will be paid on Thursday, July 25th. Investors of record on Monday, July 8th will be issued a dividend of $0.88 per share. The ex-dividend date is Friday, July 5th. Walt Disney’s dividend payout ratio (DPR) is presently 24.86%.

In other Walt Disney news, EVP Zenia B. Mucha sold 49,561 shares of the company’s stock in a transaction on Wednesday, June 19th. The shares were sold at an average price of $140.00, for a total transaction of $6,938,540.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Alan N. Braverman sold 94,462 shares of the company’s stock in a transaction on Friday, July 5th. The stock was sold at an average price of $141.18, for a total transaction of $13,336,145.16. The disclosure for this sale can be found here. Insiders have sold 189,423 shares of company stock worth $26,248,665 over the last three months. 0.36% of the stock is currently owned by insiders.

Large investors have recently bought and sold shares of the business. Litman Gregory Asset Management LLC acquired a new position in Walt Disney during the fourth quarter worth $25,000. Crewe Advisors LLC raised its position in Walt Disney by 55.6% during the fourth quarter. Crewe Advisors LLC now owns 280 shares of the entertainment giant’s stock worth $31,000 after acquiring an additional 100 shares during the period. Portfolio Solutions LLC acquired a new stake in shares of Walt Disney in the fourth quarter valued at about $43,000. Riverview Trust Co acquired a new stake in shares of Walt Disney in the fourth quarter valued at about $48,000. Finally, Intercontinental Wealth Advisors LLC acquired a new stake in shares of Walt Disney in the fourth quarter valued at about $52,000. Institutional investors own 64.14% of the company’s stock.

Walt Disney Company Profile (NYSE:DIS)

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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