In the last trading session, 11.83 million The Walt Disney Company (NYSE:DIS) shares changed hands as the company’s beta touched 1.28. With the company’s per share price at $85.02 changed hands at -$0.56 or -0.65% during last session, the market valuation stood at $153.57B. DIS’s last price was a discount, traded about -39.0% off its 52-week high of $118.18. The share price had its 52-week low at $79.75, which suggests the last value was 6.2% up since then. When we look at The Walt Disney Company’s average trading volume, we note the 10-day average is 16.81 million shares, with the 3-month average coming to 16.24 million.
Analysts gave the The Walt Disney Company (DIS) stock a consensus recommendation rating of an Overweight, calculated at a mean rating of 2.20. If we narrow down to specifics, the data shows that 2 out of 31 analysts rate the stock as a Sell, with a further 3 assigning it an Overweight rating. Of the remaining, 7 recommended DIS as a Hold, 19 felt it is a Buy and 0 rated the stock as Underweight. The Walt Disney Company’s EPS for the current quarter is expected to be $0.76.
The Walt Disney Company (NYSE:DIS) trade information
Instantly DIS was in red as seen at the end of in last trading. With action 3.03%, the performance over the past five days has been green. The drop to weekly highs of 86.19 on Monday, 09/18/23 subtracted -0.65% to the stock’s daily price. The company’s shares are showing year-to-date downside of -2.14%, with the 5-day performance at 3.03% in the green. However, in the 30-day time frame, The Walt Disney Company (NYSE:DIS) is -1.05% down. Looking at the short shares, we see there were 20.05 million shares sold at short interest cover period of 1.21 days.
The consensus price target for the stock as assigned by Wall Street analysts is $108.24, meaning bulls need an upside of 21.45% from its current market value. According to analyst projections, DIS’s forecast low is $65.00 with $135.00 as the target high. To hit the forecast high, the stock’s price needs a -58.79% plunge from its current level, while the stock would need to tank 23.55% for it to hit the projected low.
The Walt Disney Company (DIS) estimates and forecasts
Data shows that the The Walt Disney Company share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -8.78% over the past 6 months, a 4.25% in annual growth rate that is considerably higher than the industry average of 4.20%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2023 revenue estimates. The rating firms predict current quarter revenue for The Walt Disney Company will rise 153.30%, while the growth in revenue is estimated to hit 25.30% for the next quarter. Year-over-year growth is forecast to reach 6.30% up from the last financial year.
Consensus estimates given by 19 financial analysts project the company’s revenue in the current quarter to hit an average of $21.38 billion. 6 analysts are of the opinion that The Walt Disney Company’s revenue for the quarter ending Dec 2023 will be $24.22 billion. The company’s revenue for the corresponding quarters a year ago was $20.15 billion. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 6.10%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -21.00%. The 2023 estimates are for The Walt Disney Company earnings to increase by 57.80%, but the outlook for the next 5-year period is at 20.03% per year.
The Walt Disney Company is expected to release its next quarterly earnings report between November 06 and November 10.
The Walt Disney Company (NYSE:DIS)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.06% of The Walt Disney Company shares while 65.00% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 65.04%. There are 65.00% institutions holding the The Walt Disney Company stock share, with Vanguard Group Inc the top institutional holder. As of Jun 29, 2023, the company held 8.14% of the shares, roughly 148.89 million DIS shares worth $12.66 billion.
Blackrock Inc. holds the second largest percentage of outstanding shares, with 6.67% or 121.96 million shares worth $10.37 billion as of Jun 29, 2023.
Among Mutual Funds, the top two as of Jun 29, 2023 were Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. With 56.98 million shares estimated at $4.84 billion under it, the former controlled 3.11% of total outstanding shares. On the other hand, Vanguard 500 Index Fund held about 2.38% of the shares, roughly 43.51 million shares worth around $3.7 billion.