The Walt Disney Company (NYSE:DIS – Free Report) – Equities research analysts at KeyCorp lifted their Q1 2024 earnings estimates for Walt Disney in a report issued on Monday, September 4th. KeyCorp analyst B. Nispel now anticipates that the entertainment giant will post earnings of $1.74 per share for the quarter, up from their previous estimate of $1.09. KeyCorp has a “Overweight” rating and a $107.00 price objective on the stock. The consensus estimate for Walt Disney’s current full-year earnings is $3.68 per share. KeyCorp also issued estimates for Walt Disney’s Q4 2024 earnings at $1.46 EPS.
DIS has been the subject of a number of other research reports. Morgan Stanley cut their price objective on shares of Walt Disney from $110.00 to $105.00 and set an “overweight” rating for the company in a research note on Wednesday, July 26th. StockNews.com began coverage on shares of Walt Disney in a research report on Thursday, August 17th. They issued a “sell” rating for the company. Rosenblatt Securities reiterated a “buy” rating and issued a $102.00 price target on shares of Walt Disney in a research note on Tuesday. Atlantic Securities lowered shares of Walt Disney from a “neutral” rating to an “underweight” rating and reduced their price objective for the company from $113.00 to $76.00 in a research note on Tuesday, July 25th. Finally, Citigroup dropped their price target on shares of Walt Disney from $125.00 to $120.00 and set a “buy” rating on the stock in a report on Wednesday, August 16th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and seventeen have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $115.26.
Walt Disney Stock Performance
Walt Disney stock opened at $80.57 on Thursday. The firm’s 50 day simple moving average is $86.50 and its 200 day simple moving average is $92.46. The firm has a market capitalization of $147.43 billion, a PE ratio of 65.50, a price-to-earnings-growth ratio of 1.63 and a beta of 1.28. Walt Disney has a 1-year low of $79.75 and a 1-year high of $118.18. The company has a current ratio of 1.07, a quick ratio of 1.00 and a debt-to-equity ratio of 0.44.
Walt Disney (NYSE:DIS – Get Free Report) last posted its quarterly earnings results on Wednesday, August 9th. The entertainment giant reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.04. Walt Disney had a net margin of 2.56% and a return on equity of 6.45%. The company had revenue of $22.33 billion for the quarter, compared to analyst estimates of $22.50 billion. During the same quarter in the previous year, the firm posted $1.09 earnings per share. The company’s quarterly revenue was up 3.8% compared to the same quarter last year.
Hedge Funds Weigh In On Walt Disney
A number of large investors have recently modified their holdings of DIS. Dark Forest Capital Management LP acquired a new position in shares of Walt Disney in the 1st quarter worth approximately $28,000. Worth Asset Management LLC bought a new stake in shares of Walt Disney in the 1st quarter worth $29,000. GeoWealth Management LLC raised its stake in shares of Walt Disney by 136.9% in the 2nd quarter. GeoWealth Management LLC now owns 334 shares of the entertainment giant’s stock worth $30,000 after buying an additional 193 shares in the last quarter. MBM Wealth Consultants LLC raised its stake in shares of Walt Disney by 197.6% in the 4th quarter. MBM Wealth Consultants LLC now owns 366 shares of the entertainment giant’s stock worth $33,000 after buying an additional 243 shares in the last quarter. Finally, Silicon Valley Capital Partners bought a new stake in shares of Walt Disney in the 4th quarter worth $35,000. 61.17% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling at Walt Disney
In related news, EVP Sonia L. Coleman sold 959 shares of the company’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $89.05, for a total transaction of $85,398.95. Following the transaction, the executive vice president now owns 961 shares of the company’s stock, valued at $85,577.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.10% of the stock is owned by company insiders.
Walt Disney Company Profile
The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. It operates through two segments, Disney Media and Entertainment Distribution; and Disney Parks, Experiences and Products. The company engages in the film and episodic television content production and distribution activities, as well as operates television networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic, and Star brands; and studios that produces films under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar, and Searchlight Pictures banners.
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