The Vanguard Group, Inc. recently announced the acquisition of new stake in Walt Disney Co (NYSE:DIS). The institutional investor has increased its shareholding in the Communication Services company by 0.63% to 142.33 million shares with purchase of 0.89 million shares. This fresh investment now brings its stake to 7.78% valued currently at $13.19 billion. In addition, BlackRock Fund Advisors raised its holdings by 0.51 million to 76.49 million shares. And Geode Capital Management LLC has lifted its position by 2.07% or 0.69 million shares – to 33.94 million shares.
With over 9.08 million Walt Disney Co (DIS) shares trading Friday and a closing price of $90.90 on the day, the dollar volume was approximately $825.47 million. The shares have shown a positive half year performance of 2.55% and its price on 01/05/24 gained nearly 0.38%. Currently, there are 1.83B common shares owned by the public and among those 1.83B shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 32 analysts who have offered their price forecasts for DIS have a consensus price objective of $103.08. The analysts have set the share’s price value over the next 12 months at a high of $120.00 and a low of $63.00. The average price target is 11.82% above its recent price level and a downside to the estimated low will see the stock lose -44.29% over that period. But an upside of 24.25% will see the stock hit the forecast high price target while median target price for the stock is $107.00.
Insiders at the company have transacted a total of 58 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 42 of these insider trades were purchases, accounting for 102,559 shares. Insider sales of the common stock occurred on 16 occasions, with total insider shares sold totaling 69,549 shares.
The top 3 mutual fund holders in Walt Disney Co are Vanguard Total Stock Market ETF, Vanguard 500 Index Fund, and Fidelity 500 Index Fund. Vanguard Total Stock Market ETF owns 57.34 million shares of the company’s stock, all valued at over $5.32 billion. The company bought an additional 69037.0 shares recently to bring their total holdings to about 3.13% of the shares outstanding. Vanguard 500 Index Fund bought 0.21 million shares to see its total holdings expand to 44.19 million shares valued at over $4.1 billion and representing 2.41% of the shares outstanding. Fidelity 500 Index Fund bought 0.14 million shares to bring its total holdings to over 21.32 million shares at a value of $1.98 billion. Fidelity 500 Index Fund now owns shares totaling to 1.17% of the shares outstanding.
Shares of Walt Disney Co (NYSE: DIS) opened at $90.41, down -$0.15 from a prior closing price of $90.56. However, the script later moved the day high at 91.32, up 0.38%. The company’s stock has a 5-day price change of 0.55% and 12.49% over the past three months. DIS shares are trading 0.68% year to date (YTD), with the 12-month market performance down to -1.17% lower. It has a 12-month low price of $78.73 and touched a high of $118.18 over the same period. DIS has an average intraday trading volume of 12.55 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -0.99%, 1.14%, and 1.29% respectively.
Institutional ownership of Walt Disney Co (NYSE: DIS) shares accounts for 64.57% of the company’s 1.83B shares outstanding. Mutual fund holders own 35.18%, while other institutional holders and individual stakeholders account for 8.51% and 29.77% respectively.
It has a market capitalization of $166.38B and a beta (3y monthly) value of 1.38. The stock’s trailing 12-month PE ratio is 70.65, while the earnings-per-share (ttm) stands at $1.29. The company has a PEG of 4.16 and a Quick Ratio of 0.89 with the debt-to-equity ratio at 0.51. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.66% over the week and 1.58% over the month.
Analysts forecast that Walt Disney Co (DIS) will achieve an EPS of $1.04 for the current quarter, $1.04 for the next quarter and $5.25 for 2025. The lowest estimate earnings-per-share for the quarter is $0.91 while analysts give the company a high EPS estimate of $1.22. Comparatively, EPS for the current quarter was $0.99 a year ago. Earnings per share for the fiscal year are expected to increase by 15.75%, and 20.92% over the next financial year. EPS should grow at an annualized rate of 16.96% over the next five years, compared to -31.23% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 32 brokerage firm advisors rate Walt Disney Co (DIS) as a “Strong Buy” at a consensus score of 1.78. Specifically, 19 Wall Street analysts polled rate the stock as a buy, while 6 of the 32 advise that investors “hold,” and 2 rated it as a “Sell.”
Looking at the support for the DIS, a number of firms have released research notes about the stock. UBS stated their Buy rating for the stock in a research note on October 16, 2023, with the firm’s price target at $122-$110.
