Seaport Res Ptn Equities Analysts Reduce Earnings Estimates for The Walt Disney Company (NYSE:DIS)

The Walt Disney Company (NYSE:DIS) – Analysts at Seaport Res Ptn reduced their Q3 2024 EPS estimates for Walt Disney in a note issued to investors on Monday, June 17th. Seaport Res Ptn analyst D. Joyce now anticipates that the entertainment giant will post earnings of $1.21 per share for the quarter, down from their previous estimate of $1.24. The consensus estimate for Walt Disney’s current full-year earnings is $4.76 per share. Seaport Res Ptn also issued estimates for Walt Disney’s Q1 2025 earnings at $1.21 EPS, Q3 2025 earnings at $1.31 EPS, Q4 2025 earnings at $1.38 EPS and FY2025 earnings at $4.95 EPS.

A number of other research firms also recently issued reports on DIS. Morgan Stanley boosted their target price on shares of Walt Disney from $110.00 to $135.00 and gave the company an “overweight” rating in a research report on Monday, March 4th. Rosenblatt Securities boosted their target price on shares of Walt Disney from $129.00 to $137.00 and gave the company a “buy” rating in a research report on Tuesday, April 2nd. Daiwa Capital Markets restated a “buy” rating and set a $133.00 target price on shares of Walt Disney in a research report on Monday, April 1st. Loop Capital boosted their target price on shares of Walt Disney from $113.00 to $140.00 and gave the company a “buy” rating in a research report on Monday, May 6th. Finally, JPMorgan Chase & Co. started coverage on shares of Walt Disney in a research report on Thursday, April 11th. They set an “overweight” rating and a $140.00 target price for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Walt Disney currently has a consensus rating of “Moderate Buy” and a consensus target price of $126.29.

Walt Disney Trading Up 1.6 %

NYSE:DIS opened at $101.55 on Tuesday. The company has a market capitalization of $185.13 billion, a P/E ratio of 110.38, a PEG ratio of 1.24 and a beta of 1.40. The firm has a fifty day simple moving average of $107.09 and a 200-day simple moving average of $104.13. Walt Disney has a 12 month low of $78.73 and a 12 month high of $123.74. The company has a current ratio of 0.75, a quick ratio of 0.69 and a debt-to-equity ratio of 0.38.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Tuesday, May 7th. The entertainment giant reported $1.21 EPS for the quarter, topping the consensus estimate of $1.12 by $0.09. Walt Disney had a net margin of 1.90% and a return on equity of 8.37%. The business had revenue of $22.08 billion during the quarter, compared to the consensus estimate of $22.12 billion. During the same period in the previous year, the firm posted $0.93 earnings per share. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year.

Hedge Funds Weigh In On Walt Disney

Institutional investors and hedge funds have recently bought and sold shares of the company. Planned Solutions Inc. acquired a new position in Walt Disney in the 4th quarter valued at about $26,000. Gold Investment Management Ltd. acquired a new position in Walt Disney in the 4th quarter valued at about $28,000. Fortis Group Advisors LLC acquired a new position in Walt Disney in the 3rd quarter valued at about $30,000. Stone House Investment Management LLC boosted its holdings in Walt Disney by 355.3% in the 4th quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock valued at $31,000 after purchasing an additional 270 shares during the last quarter. Finally, ESL Trust Services LLC acquired a new position in Walt Disney in the 1st quarter valued at about $31,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Walt Disney

In related news, EVP Sonia L. Coleman sold 1,857 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $121.92, for a total transaction of $226,405.44. Following the completion of the sale, the executive vice president now owns 4,400 shares of the company’s stock, valued at approximately $536,448. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Walt Disney news, Director James P. Gorman acquired 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The stock was bought at an average price of $106.03 per share, with a total value of $2,120,600.00. Following the purchase, the director now owns 20,467 shares in the company, valued at $2,170,116.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Sonia L. Coleman sold 1,857 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $121.92, for a total transaction of $226,405.44. Following the sale, the executive vice president now directly owns 4,400 shares of the company’s stock, valued at approximately $536,448. The disclosure for this sale can be found here. 0.10% of the stock is owned by corporate insiders.

Walt Disney Company Profile

The Walt Disney Company operates as an entertainment company worldwide. It operates through three segments: Entertainment, Sports, and Experiences. The company produces and distributes film and television video streaming content under the ABC Television Network, Disney, Freeform, FX, Fox, National Geographic, and Star brand television channels, as well as ABC television stations and A+E television networks; and produces original content under the ABC Signature, Disney Branded Television, FX Productions, Lucasfilm, Marvel, National Geographic Studios, Pixar, Searchlight Pictures, Twentieth Century Studios, 20th Television, and Walt Disney Pictures banners.