The Walt Disney Company (NYSE: DIS – Get Rating) – Zacks Research, in a research report issued to clients and investors on Wednesday, Dec. 28, said Walt Disney’s earnings per share (EPS) for the fourth quarter of 2024 ) has been reduced. Zacks Research analyst A. Ganguly expects the entertainment giant to earn $1.22 per share this quarter, down from his previous forecast of $1.27. The current consensus estimate for Walt Disney’s annual earnings is $4.05 per share.
Other analysts have also recently published research reports on the company. Moffett Nathanson raised Walt Disney’s “Market His Perform” rating to “Outperform” rating in a research report on Monday, November 21, setting the company’s price target at his $120.00. . Barclays lowered Walt Disney’s target price from $105.00 to his $98.00 in a research report on Wednesday, November 9, giving the company an “equal-weighted” rating. Cowen lowered Walt Disney’s price target from his $124.00 to his $94.00 in a research note on Wednesday, November 9. KeyCorp lowered Walt Disney’s price target from $143.00 to $119.00 in its research notes on Wednesday, November 9, setting an “overweight” valuation for the company. Finally, Goldman Sachs Group lowered its price target on Walt Disney from $137.00 to $118.00, setting the company’s Buy rating in its research notes on Wednesday, November 9. One of his investment analysts gave it a sell rating, three gave it a hold rating, and 18 gave it a buy rating. According to MarketBeat, the company’s current average rating is “moderate buy” with an average price target of $129.65.
Walt Disney shares drop 0.3%
DIS shares opened at $86.88 on Monday. The company has a debt to equity ratio of 0.46, a quick ratio of 0.94 and a current ratio of 1.00. His 50-day moving average for this business is $94.96 and his 200-day moving average is $100.80. The company has a market capitalization of $158.43 billion, a price/earnings ratio of 50.51, a P/E/G ratio of 1.74 and a beta of 1.20. Walt Disney’s 52-week low is $84.07 and his 52-week high is $160.32.
Walt Disney (NYSE:DIS – Get Rating) last reported quarterly results on Tuesday, November 8. The entertainment giant reported his earnings per share (EPS) of $0.30 for the quarter, missing analysts’ consensus expectations of his $0.50 ($0.20). Walt Disney posted a net profit margin of 3.80% and a return on equity of 6.96%. The business had revenue of $20.15 billion for the quarter, compared to consensus expectations of $21.10 billion.
Hedge funds join Walt Disney
Large investors are buying and selling shares in businesses these days. Vanguard Group Inc. raised his position in Walt Disney stock by 1.5% in the third quarter. After acquiring an additional 2,144,485 shares during this period, Vanguard Group Inc. now owns 143,962,415 shares in the entertainment giant valued at $13,579,975,000. Price T Rowe Associates Inc. MD increased its stake in Walt Disney by 44.2% in the second quarter. Price T Rowe Associates Inc. MD owns 24,984,524 shares of the entertainment giant valued at $2,358,539,000 after purchasing an additional 7,654,961 shares during this period. Newport Trust Co acquired new shares of Walt Disney stock worth $1.21824 billion in the third quarter. Legal & General Group Plc increased its stake in Walt Disney by 1.4% in the second quarter. Legal & General Group Plc now owns 12,365,280 shares in the entertainment giant valued at $1,167,284,000 after acquiring an additional 165,075 shares in the previous quarter. Finally, Clearbridge Investments LLC increased its stake in Walt Disney stock by 16.0% in the second quarter. Clearbridge Investments LLC now owns 9,363,589 shares in the entertainment giant valued at $883,923,000 after acquiring an additional 1,291,934 shares in the previous quarter. Hedge funds and other institutional investors own 62.22% of the company’s shares.
About Walt Disney
The Walt Disney Company, along with its subsidiaries, operates as an entertainment company around the world. It operates through his two segments, Disney Media and Entertainment Distribution. and Disney Parks, Experiences, and Products. The company is engaged in the production and distribution of motion picture and episodic television content and operates television networks with ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic and Star Brands. A studio that makes films under the banners of Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar and Searchlight Pictures.
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