Walt Disney Co (NYSE:DIS) – Imperial Capital decreased their FY2018 earnings per share (EPS) estimates for Walt Disney in a report released on Wednesday, August 8th. Imperial Capital analyst D. Miller now anticipates that the entertainment giant will earn $7.00 per share for the year, down from their previous forecast of $7.11. Imperial Capital currently has a “Inline” rating and a $112.00 price objective on the stock. Imperial Capital also issued estimates for Walt Disney’s Q3 2019 earnings at $2.09 EPS.
Other research analysts also recently issued research reports about the stock. ValuEngine raised shares of Walt Disney from a “sell” rating to a “hold” rating in a report on Friday, June 15th. Bank of America set a $144.00 target price on shares of Walt Disney and gave the stock a “buy” rating in a report on Wednesday, August 8th. Zacks Investment Research raised shares of Walt Disney from a “hold” rating to a “buy” rating and set a $122.00 target price for the company in a report on Monday, June 18th. Credit Suisse Group assumed coverage on shares of Walt Disney in a report on Tuesday, July 10th. They issued a “neutral” rating and a $114.00 target price for the company. Finally, Pivotal Research downgraded shares of Walt Disney from a “hold” rating to a “sell” rating and set a $93.00 target price for the company. in a report on Monday, June 18th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $118.92.
Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Tuesday, August 7th. The entertainment giant reported $1.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.97 by ($0.10). Walt Disney had a net margin of 20.76% and a return on equity of 21.37%. The business had revenue of $15.23 billion for the quarter, compared to the consensus estimate of $15.49 billion. During the same period in the previous year, the firm earned $1.58 EPS.
The business also recently declared a semiannual dividend, which was paid on Thursday, July 26th. Shareholders of record on Monday, July 9th were paid a $0.84 dividend. The ex-dividend date of this dividend was Friday, July 6th. This represents a yield of 1.62%. This is a boost from Walt Disney’s previous semiannual dividend of $0.78. Walt Disney’s payout ratio is presently 29.47%.
In other Walt Disney news, EVP Brent Woodford sold 768 shares of the business’s stock in a transaction on Monday, July 2nd. The shares were sold at an average price of $104.35, for a total value of $80,140.80. Following the sale, the executive vice president now owns 28,493 shares in the company, valued at approximately $2,973,244.55. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Alan N. Braverman sold 140,638 shares of the business’s stock in a transaction on Wednesday, July 11th. The stock was sold at an average price of $107.00, for a total transaction of $15,048,266.00. Following the completion of the sale, the executive vice president now owns 160,316 shares in the company, valued at approximately $17,153,812. The disclosure for this sale can be found here. In the last quarter, insiders sold 710,002 shares of company stock worth $80,514,432. Corporate insiders own 0.38% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the business. Carret Asset Management LLC raised its position in shares of Walt Disney by 0.5% during the 2nd quarter. Carret Asset Management LLC now owns 91,493 shares of the entertainment giant’s stock valued at $9,589,000 after buying an additional 450 shares in the last quarter. Folger Nolan Fleming Douglas Capital Management Inc. raised its position in Walt Disney by 0.8% in the 2nd quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 56,452 shares of the entertainment giant’s stock worth $5,916,000 after purchasing an additional 455 shares during the period. MainStreet Investment Advisors LLC raised its position in Walt Disney by 18.6% in the 2nd quarter. MainStreet Investment Advisors LLC now owns 2,909 shares of the entertainment giant’s stock worth $305,000 after purchasing an additional 456 shares during the period. Eads & Heald Wealth Management raised its position in Walt Disney by 2.4% in the 2nd quarter. Eads & Heald Wealth Management now owns 19,929 shares of the entertainment giant’s stock worth $2,089,000 after purchasing an additional 460 shares during the period. Finally, Ausdal Financial Partners Inc. raised its position in Walt Disney by 4.3% in the 2nd quarter. Ausdal Financial Partners Inc. now owns 11,157 shares of the entertainment giant’s stock worth $1,169,000 after purchasing an additional 465 shares during the period. Institutional investors and hedge funds own 63.57% of the company’s stock.
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 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.
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