Walt Disney Co (NYSE:DIS) – Equities research analysts at Imperial Capital raised their Q4 2020 earnings per share (EPS) estimates for Walt Disney in a research note issued to investors on Tuesday, July 30th. Imperial Capital analyst D. Miller now anticipates that the entertainment giant will post earnings of $1.41 per share for the quarter, up from their prior forecast of $1.39. Imperial Capital has a “Outperform” rating and a $147.00 price target on the stock.
Walt Disney (NYSE:DIS) last posted 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. The business had revenue of $14.92 billion during the quarter, compared to analysts’ expectations of $14.53 billion. Walt Disney had a net margin of 22.55% and a return on equity of 15.67%. The business’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter last year, the company posted $1.84 earnings per share.
NYSE DIS opened at $144.93 on Wednesday. The business has a fifty day moving average of $141.71. The stock has a market capitalization of $260.33 billion, a PE ratio of 20.47, a P/E/G ratio of 4.37 and a beta of 0.96. Walt Disney has a 12-month low of $100.35 and a 12-month high of $147.15. The company has a current ratio of 0.77, a quick ratio of 0.74 and a debt-to-equity ratio of 0.36.
A number of hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its position in Walt Disney by 6.5% during 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 period. Oregon Public Employees Retirement Fund lifted its holdings in Walt Disney by 14,778.0% during 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 purchasing an additional 52,838,274 shares in the last quarter. FMR LLC lifted its holdings in Walt Disney by 37.2% during the first quarter. FMR LLC now owns 33,901,641 shares of the entertainment giant’s stock valued at $3,764,098,000 after purchasing an additional 9,190,235 shares in the last quarter. Northern Trust Corp lifted its holdings in Walt Disney by 4.5% during the fourth quarter. Northern Trust Corp now owns 21,001,994 shares of the entertainment giant’s stock valued at $2,302,868,000 after purchasing an additional 896,051 shares in the last quarter. Finally, Clearbridge Investments LLC lifted its holdings in Walt Disney by 10.5% during 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 purchasing an additional 1,031,035 shares in the last quarter. Institutional investors own 64.14% of the company’s stock.
In related news, EVP Zenia B. Mucha sold 49,561 shares of the firm’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 document filed with the SEC, which is available at this link. Also, EVP Alan N. Braverman sold 94,462 shares of the firm’s stock in a transaction on Friday, July 5th. The shares were 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 sold 158,423 shares of company stock worth $22,284,125 in the last quarter. Company insiders own 0.36% of the company’s stock.
The firm also recently disclosed a Semi-Annual dividend, which was paid on Thursday, July 25th. Stockholders of record on Monday, July 8th were paid a $0.88 dividend. The ex-dividend date of this dividend was Friday, July 5th. Walt Disney’s payout ratio is currently 24.86%.
About Walt Disney
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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