Walt Disney Co (NYSE:DIS) – Stock analysts at Imperial Capital decreased their Q1 2019 earnings estimates for Walt Disney in a research report issued to clients and investors on Friday, September 21st. Imperial Capital analyst D. Miller now forecasts that the entertainment giant will post earnings of $1.91 per share for the quarter, down from their previous estimate of $1.92. Imperial Capital has a “Inline” rating and a $112.00 price objective on the stock. Imperial Capital also issued estimates for Walt Disney’s Q4 2019 earnings at $1.51 EPS, FY2019 earnings at $7.44 EPS and FY2020 earnings at $7.77 EPS.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Tuesday, August 7th. The entertainment giant reported $1.87 EPS for the quarter, missing the Zacks’ consensus estimate of $1.97 by ($0.10). The firm had revenue of $15.23 billion for the quarter, compared to the consensus estimate of $15.49 billion. Walt Disney had a net margin of 20.76% and a return on equity of 21.37%. During the same period last year, the company posted $1.58 EPS.

A number of other analysts have also recently commented on DIS. ValuEngine raised shares of Walt Disney from a “sell” rating to a “hold” rating in a research report on Friday, June 15th. Pivotal Research cut shares of Walt Disney from a “hold” rating to a “sell” rating and set a $93.00 price target on the stock. in a research report on Monday, June 18th. Zacks Investment Research raised shares of Walt Disney from a “hold” rating to a “buy” rating and set a $122.00 price target on the stock in a research report on Monday, June 18th. Credit Suisse Group began coverage on shares of Walt Disney in a research report on Tuesday, July 10th. They set a “neutral” rating and a $114.00 price target on the stock. Finally, Bank of America began coverage on shares of Walt Disney in a research report on Friday, July 20th. They set a “buy” rating and a $144.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirteen have assigned a buy rating to the company. Walt Disney has an average rating of “Hold” and an average target price of $119.54.

Shares of DIS opened at $110.40 on Monday. The company has a current ratio of 0.88, a quick ratio of 0.81 and a debt-to-equity ratio of 0.35. The firm has a market cap of $164.19 billion, a price-to-earnings ratio of 19.37, a PEG ratio of 1.46 and a beta of 1.31. Walt Disney has a 12 month low of $96.80 and a 12 month high of $117.90.

In related news, EVP Alan N. Braverman sold 140,638 shares of the firm’s stock in a transaction dated Wednesday, July 11th. The shares were sold at an average price of $107.00, for a total value of $15,048,266.00. Following the transaction, the executive vice president now owns 160,316 shares of the company’s stock, valued at approximately $17,153,812. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman Robert A. Iger sold 437,679 shares of the firm’s stock in a transaction dated Monday, August 6th. The shares were sold at an average price of $115.00, for a total transaction of $50,333,085.00. Following the completion of the transaction, the chairman now directly owns 1,498,871 shares in the company, valued at approximately $172,370,165. The disclosure for this sale can be found here. Insiders have sold a total of 710,954 shares of company stock worth $80,620,932 in the last three months. Insiders own 0.38% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Royal London Asset Management Ltd. bought a new position in Walt Disney in the 2nd quarter valued at about $65,954,000. Moody Aldrich Partners LLC purchased a new stake in Walt Disney in the 2nd quarter valued at about $71,061,000. Ashburton Jersey Ltd increased its stake in Walt Disney by 46.1% in the 2nd quarter. Ashburton Jersey Ltd now owns 1,585 shares of the entertainment giant’s stock valued at $166,000 after buying an additional 500 shares during the last quarter. HRT Financial LLC purchased a new stake in Walt Disney in the 2nd quarter valued at about $565,000. Finally, LFA Lugano Financial Advisors SA purchased a new stake in Walt Disney in the 2nd quarter valued at about $684,000. 63.00% of the stock is currently owned by institutional investors and hedge funds.

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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Earnings History and Estimates for Walt Disney (NYSE:DIS)

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