Stick With Walt Disney Co (DIS). The Bull Are Alive And Well

With over 11.84 million Walt Disney Co (DIS) shares trading Friday and a closing price of $90.35 on the day, the dollar volume was approximately $1.07 billion. The shares have shown a positive half year performance of 1.95% and its price on 01/12/24 gained nearly 1.01%. Currently, there are 1.83B common shares owned by the public and among those 1.83B shares have been available to trade.

An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 31 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 12.35% above its recent price level and a downside to the estimated low will see the stock lose -43.41% over that period. But an upside of 24.71% will see the stock hit the forecast high price target while median target price for the stock is $107.50.

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Insiders at the company have transacted a total of 54 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 40 of these insider trades were purchases, accounting for 41,916 shares. Insider sales of the common stock occurred on 14 occasions, with total insider shares sold totaling 8,906 shares.

Shares of Walt Disney Co (NYSE: DIS) opened at $89.65, up $0.2 from a prior closing price of $89.45. However, the script later moved the day high at 90.83, up 1.01%. The company’s stock has a 5-day price change of -0.61% and 7.11% over the past three months. DIS shares are trading 0.07% year to date (YTD), with the 12-month market performance down to -6.21% 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 12.44 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 -1.10%, -0.53%, and 0.83% respectively.

Institutional ownership of Walt Disney Co (NYSE: DIS) shares accounts for 64.47% of the company’s 1.83B shares outstanding.

It has a market capitalization of $165.37B and a beta (3y monthly) value of 1.38. The stock’s trailing 12-month PE ratio is 70.22, while the earnings-per-share (ttm) stands at $1.29. The company has a PEG of 4.11 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 1.26% over the week and 1.49% over the month.

Analysts forecast that Walt Disney Co (DIS) will achieve an EPS of $Walt Disney Company (The) for the current quarter, $90.35 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $E-mini Consumer Discretionary S while analysts give the company a high EPS estimate of $Warner Bros. Discovery, Inc. – . Comparatively, EPS for the current quarter was $General Mills, Inc. a year ago. Earnings per share for the fiscal year are expected to increase by 14.70%, and 21.63% over the next financial year. EPS should grow at an annualized rate of 17.07% 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 31 brokerage firm advisors rate Walt Disney Co (DIS) as a “Strong Buy” at a consensus score of 1.81. Specifically, 18 Wall Street analysts polled rate the stock as a buy, while 6 of the 31 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.

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