The Walt Disney Company (NYSE: DIS) stock fell -1.04% on Thursday to $88.14 against a previous-day closing price of $89.07. With 13.61 million shares changed hands, the volume of the stock remained heavier than its average volume of 10.54 million shares. During the session, the Entertainment company that operates in wider Communication Services sector, reached to the highest price of $89.56 whereas the lowest price it dropped to was $87.79. The 52-week range on DIS shows that it touched its highest point at $126.48 and its lowest point at $84.07 during that stretch. It currently has a 1-year price target of $121.52. Beta for the stock currently stands at 1.31.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of DIS was down-trending over the past week, with a drop of -5.99%, but this was down by -8.77% over a month. Three-month performance dropped to -12.12% while six-month performance fell -8.39%. The stock lost -13.24% in the past year, while it has gained 1.45% so far this year. A look at the trailing 12-month EPS for DIS yields 2.25 with Next year EPS estimates of 5.30. For the next quarter, that number is 1.10. This implies an EPS growth rate of 57.80% for this year and 35.32% for next year. EPS is expected to grow by 21.87% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -21.00%.
Float and Shares Shorts:
At present, 1.83 billion DIS shares are outstanding with a float of 1.82 billion shares on hand for trading. On Apr 27, 2023, short shares totaled 18.14 million, which was 0.99% higher than short shares on Mar 30, 2023. In addition to Mr. Robert A. Iger as the firm’s CEO & Director, Ms. Christine Mary McCarthy serves as its Sr. EVP & CFO.
Through their ownership of 64.97% of DIS’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 8.63% of DIS, in contrast to 35.03% held by mutual funds. Shares owned by individuals account for 30.29%. As the largest shareholder in DIS with 7.69% of the stake, The Vanguard Group, Inc. holds 140,553,867 shares worth 140,553,867. A second-largest stockholder of DIS, BlackRock Fund Advisors, holds 75,763,732 shares, controlling over 4.15% of the firm’s shares. SSgA Funds Management, Inc. is the third largest shareholder in DIS, holding 70,659,981 shares or 3.87% stake. With a 3.11% stake in DIS, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 56,765,921 shares are owned by the mutual fund manager. The Vanguard 500 Index Fund, which owns about 2.35% of DIS stock, is the second-largest Mutual Fund holder. It holds 42,878,952 shares valued at 4.4 billion. Fidelity 500 Index Fund holds 1.11% of the stake in DIS, owning 20,214,275 shares worth 2.07 billion.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 31, 2023, DIS reported revenue of $21.50B and operating income of $2.43B. The EBITDA in the recently reported quarter was $3.97B and diluted EPS was $0.77.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for DIS since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With DIS analysts setting a high price target of $147.00 and a low target of $94.00, the average target price over the next 12 months is $120.88. Based on these targets, DIS could surge 66.78% to reach the target high and rise by 6.65% to reach the target low. Reaching the average price target will result in a growth of 37.15% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded DIS stock several times over the past three months with 13 Buys and 3 Sells. In these transactions, 11,481 shares were bought while 1,551 shares were sold. The number of buy transactions has increased to 75 while that of sell transactions has risen to 35 over the past year. The total number of shares bought during that period was 193,820 while 110,958 shares were sold.