Somewhat Positive News Coverage Somewhat Unlikely to Affect Walt Disney Company (The) (DIS) Share Price
Press coverage about Walt Disney Company (The) (NYSE:DIS) has trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Walt Disney Company (The) earned a news sentiment score of 0.12 on Accern’s scale. Accern also assigned news headlines about the entertainment giant an impact score of 45.5072230114138 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Disney Announces Big News – Seeking Alpha (seekingalpha.com)
- Disney sued for allegedly spying on children through 42 gaming apps – The Verge (theverge.com)
- Disney shares drop as investors weigh risks of new streaming plans – Reuters (reuters.com)
- Why Walt Disney Co. Shares Fell 5% Today – Motley Fool (fool.com)
- Equity Armor's Tigay Sees Opportunity in Disney (finance.yahoo.com)
Walt Disney Company (NYSE DIS) traded down 3.88% during midday trading on Wednesday, reaching $102.83. The company had a trading volume of 27,877,607 shares. The firm has a market capitalization of $160.92 billion, a P/E ratio of 17.93 and a beta of 1.40. The stock’s 50 day moving average price is $106.01 and its 200-day moving average price is $109.39. Walt Disney Company has a one year low of $90.32 and a one year high of $116.10. Walt Disney Company (The) also was the target of unusually large options trading on Monday. Stock investors acquired 26,917 put options on the stock. This is an increase of approximately 352% compared to the average volume of 5,955 put options.
Walt Disney Company (The) (NYSE:DIS) last issued its earnings results on Tuesday, August 8th. The entertainment giant reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.05. Walt Disney Company (The) had a return on equity of 19.81% and a net margin of 16.63%. The business had revenue of $14.24 billion for the quarter, compared to analyst estimates of $14.44 billion. During the same quarter last year, the company earned $1.62 EPS. The business’s quarterly revenue was down .3% on a year-over-year basis. On average, equities research analysts anticipate that Walt Disney Company will post $5.90 earnings per share for the current year.
The company also recently declared a Semi-Annual dividend, which was paid on Thursday, July 27th. Shareholders of record on Monday, July 10th were given a dividend of $0.78 per share. The ex-dividend date was Thursday, July 6th. Walt Disney Company (The)’s dividend payout ratio (DPR) is 27.18%.
Several research firms have recently weighed in on DIS. Goldman Sachs Group, Inc. (The) set a $133.00 price objective on Walt Disney Company (The) and gave the stock a “buy” rating in a research note on Wednesday. Jefferies Group LLC reissued a “hold” rating and set a $110.00 price objective on shares of Walt Disney Company (The) in a research note on Wednesday. BidaskClub lowered Walt Disney Company (The) from a “buy” rating to a “hold” rating in a report on Wednesday. FBR & Co reduced their target price on Walt Disney Company (The) from $114.00 to $112.00 and set a “mkt perform” rating for the company in a report on Wednesday. Finally, Credit Suisse Group restated an “outperform” rating and issued a $120.00 target price (down previously from $125.00) on shares of Walt Disney Company (The) in a report on Wednesday. Six investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and sixteen have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $115.64.
In other Walt Disney Company (The) news, Chairman Robert A. Iger sold 797,578 shares of Walt Disney Company (The) stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $105.09, for a total transaction of $83,817,472.02. Following the transaction, the chairman now owns 1,566,484 shares of the company’s stock, valued at $164,621,803.56. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Susan E. Arnold sold 12,143 shares of Walt Disney Company (The) stock in a transaction that occurred on Thursday, May 11th. The stock was sold at an average price of $109.02, for a total value of $1,323,829.86. Following the transaction, the director now directly owns 48,673 shares in the company, valued at approximately $5,306,330.46. The disclosure for this sale can be found here. Insiders own 13.00% of the company’s stock.
About Walt Disney Company (The)
The Walt Disney Company is an entertainment company. The Company operates in four business segments: Media Networks, Parks and Resorts, Studio Entertainment, and Consumer Products & Interactive Media. The media networks segment includes cable and broadcast television networks, television production and distribution operations, domestic television stations, and radio networks and stations.
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