Walt Disney Co (NYSE:DIS) – Imperial Capital boosted their Q4 2019 earnings per share estimates for Walt Disney in a research note issued on Wednesday, July 17th. Imperial Capital analyst D. Miller now expects that the entertainment giant will post earnings of $1.36 per share for the quarter, up from their prior forecast of $1.35. Imperial Capital currently has a “Outperform” rating and a $147.00 price target on the stock.
DIS has been the topic of a number of other research reports. Credit Suisse Group set a €38.00 ($44.19) price objective on Dialog Semiconductor and gave the stock a “buy” rating in a research note on Thursday, May 9th. Guggenheim restated a “buy” rating and set a $157.00 price objective on shares of Walt Disney in a research note on Tuesday, April 23rd. ValuEngine upgraded Yandex from a “hold” rating to a “buy” rating in a research note on Saturday, April 13th. BTIG Research assumed coverage on Forestar Group in a research report on Monday, April 15th. They set a “buy” rating and a $23.00 target price on the stock. Finally, Cowen set a $27.00 target price on Schnitzer Steel Industries and gave the stock a “hold” rating in a research report on Tuesday, April 9th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nineteen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $144.89.
Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Wednesday, May 8th. The entertainment giant reported $1.61 EPS for the quarter, topping the Zacks’ consensus estimate of $1.59 by $0.02. The company had revenue of $14.92 billion for the quarter, compared to analysts’ expectations of $14.53 billion. Walt Disney had a return on equity of 15.67% and a net margin of 22.55%. The firm’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.84 earnings per share.
A number of institutional investors have recently made changes to their positions in DIS. Oregon Public Employees Retirement Fund increased its holdings in Walt Disney by 14,778.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 53,195,820 shares of the entertainment giant’s stock valued at $485,000 after buying an additional 52,838,274 shares during the last quarter. FMR LLC increased its holdings in Walt Disney by 37.2% in the first quarter. FMR LLC now owns 33,901,641 shares of the entertainment giant’s stock valued at $3,764,098,000 after buying an additional 9,190,235 shares during the last quarter. BlackRock Inc. increased its holdings in Walt Disney by 6.5% in the fourth quarter. BlackRock Inc. now owns 92,790,946 shares of the entertainment giant’s stock valued at $10,174,527,000 after buying an additional 5,639,712 shares during the last quarter. Cortland Advisers LLC bought a new stake in Walt Disney in the fourth quarter valued at about $118,918,000. Finally, Clearbridge Investments LLC increased its holdings in Walt Disney by 10.5% in the first quarter. Clearbridge Investments LLC now owns 10,855,844 shares of the entertainment giant’s stock valued at $1,205,324,000 after buying an additional 1,031,035 shares during the last quarter. 64.15% of the stock is owned by hedge funds and other institutional investors.
In related news, EVP Brent Woodford sold 2,000 shares of the business’s stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $144.25, for a total value of $288,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Alan N. Braverman sold 94,462 shares of the business’s stock in a transaction dated Friday, July 5th. The shares were sold at an average price of $141.18, for a total value of $13,336,145.16. The disclosure for this sale can be found here. Over the last three months, insiders sold 158,423 shares of company stock valued at $22,284,125. 0.36% of the stock is owned by corporate insiders.
The company also recently disclosed a Semi-Annual dividend, which will be paid on Thursday, July 25th. Investors of record on Monday, July 8th will be issued a $0.88 dividend. The ex-dividend date is Friday, July 5th. Walt Disney’s dividend payout ratio is currently 24.86%.
Walt Disney Company Profile
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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