The Walt Disney (NYSE:DIS) issued its quarterly earnings data on Tuesday. The entertainment giant reported $1.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.70 by $0.14, Bloomberg Earnings reports. The firm had revenue of $14.55 billion for the quarter, compared to analyst estimates of $14.11 billion. The Walt Disney had a net margin of 19.61% and a return on equity of 20.44%. The Walt Disney’s revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.50 EPS.
Shares of The Walt Disney stock traded down $0.69 on Tuesday, reaching $101.79. 14,229,528 shares of the company were exchanged, compared to its average volume of 8,222,350. The Walt Disney has a 1-year low of $96.20 and a 1-year high of $113.19. The company has a market cap of $152.10 billion, a PE ratio of 17.86, a P/E/G ratio of 1.45 and a beta of 1.29. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.80 and a current ratio of 0.87.
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In related news, Director Aylwin B. Lewis sold 1,797 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $108.39, for a total value of $194,776.83. Following the completion of the transaction, the director now directly owns 85,636 shares of the company’s stock, valued at $9,282,086.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.38% of the company’s stock.
An institutional investor recently bought a new position in The Walt Disney stock. HC Financial Advisors Inc. purchased a new stake in The Walt Disney Company (NYSE:DIS) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 26,012 shares of the entertainment giant’s stock, valued at approximately $2,797,000. The Walt Disney makes up approximately 2.8% of HC Financial Advisors Inc.’s investment portfolio, making the stock its 7th biggest holding. 62.74% of the stock is currently owned by hedge funds and other institutional investors.
DIS has been the topic of a number of recent research reports. Macquarie set a $125.00 price target on shares of The Walt Disney and gave the stock a “buy” rating in a research note on Tuesday, February 6th. Vetr upgraded shares of The Walt Disney from a “hold” rating to a “buy” rating and set a $115.53 price target on the stock in a research note on Monday, January 22nd. Bank of America reiterated a “buy” rating and set a $144.00 price target (up from $130.00) on shares of The Walt Disney in a research note on Wednesday, January 10th. B. Riley boosted their price target on shares of The Walt Disney from $122.00 to $125.00 and gave the stock a “buy” rating in a research note on Wednesday, February 7th. Finally, Zacks Investment Research upgraded shares of The Walt Disney from a “hold” rating to a “buy” rating and set a $118.00 price target on the stock in a research note on Friday, February 16th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $118.64.
The 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 services under the brand ESPN, Disney, and Freeform; broadcast businesses, which include the ABC TV Network and eight owned television stations; radio businesses consisting of the ESPN Radio network; and the Radio Disney network.