The Walt Disney Company (NYSE:DIS – Get Free Report) declared a semi-annual dividend on Thursday, December 5th,Wall Street Journal reports. Shareholders of record on Tuesday, June 24th will be paid a dividend of 0.50 per share by the entertainment giant on Wednesday, July 23rd. This represents a yield of 0.6%. The ex-dividend date of this dividend is Tuesday, June 24th. This is a boost from Walt Disney’s previous semi-annual dividend of $0.45.
Walt Disney Price Performance
Shares of NYSE:DIS opened at $116.50 on Friday. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $210.97 billion, a PE ratio of 42.99, a price-to-earnings-growth ratio of 2.17 and a beta of 1.42. The firm’s 50 day moving average price is $102.29 and its 200-day moving average price is $97.59. Walt Disney has a twelve month low of $83.91 and a twelve month high of $123.74.
Walt Disney (NYSE:DIS – Get Free Report) last released its quarterly earnings results on Thursday, November 14th. The entertainment giant reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.05. Walt Disney had a net margin of 5.44% and a return on equity of 9.21%. The business had revenue of $22.57 billion for the quarter, compared to the consensus estimate of $22.49 billion. During the same period last year, the firm earned $0.82 earnings per share. The company’s quarterly revenue was up 6.3% on a year-over-year basis. Equities research analysts expect that Walt Disney will post 5.38 EPS for the current year.
Insider Activity at Walt Disney
Wall Street Analyst Weigh In
Several analysts have issued reports on DIS shares. Bank of America boosted their price target on Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a report on Friday, November 15th. Needham & Company LLC boosted their price objective on Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Sanford C. Bernstein raised their target price on shares of Walt Disney from $115.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, November 15th. Morgan Stanley upped their price target on shares of Walt Disney from $110.00 to $125.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Finally, TD Cowen raised their price objective on shares of Walt Disney from $108.00 to $123.00 and gave the company a “hold” rating in a research report on Friday, November 15th. Six investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $123.67.
Get Our Latest Research Report on DIS
About Walt Disney
The Walt Disney Company operates as an entertainment company worldwide. It operates through three segments: Entertainment, Sports, and Experiences. The company produces and distributes film and television video streaming content under the ABC Television Network, Disney, Freeform, FX, Fox, National Geographic, and Star brand television channels, as well as ABC television stations and A+E television networks; and produces original content under the ABC Signature, Disney Branded Television, FX Productions, Lucasfilm, Marvel, National Geographic Studios, Pixar, Searchlight Pictures, Twentieth Century Studios, 20th Television, and Walt Disney Pictures banners.
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