The Walt Disney Company (DIS) To Go Ex-Dividend on July 8th

The Walt Disney Company (NYSE:DISGet Free Report) announced a semi-annual dividend on Wednesday, February 7th, Wall Street Journal reports. Stockholders of record on Monday, July 8th will be given a dividend of 0.45 per share by the entertainment giant on Thursday, July 25th. This represents a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, July 8th.

Walt Disney has a payout ratio of 32.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Walt Disney to earn $5.50 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 32.7%.

Walt Disney Price Performance

Shares of DIS opened at $97.99 on Friday. The firm has a market cap of $178.64 billion, a PE ratio of 106.51, a price-to-earnings-growth ratio of 1.23 and a beta of 1.40. Walt Disney has a 52-week low of $78.73 and a 52-week high of $123.74. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.69 and a current ratio of 0.75. The business’s 50 day moving average price is $103.28 and its two-hundred day moving average price is $104.75.

Walt Disney (NYSE:DISGet Free Report) last issued its earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. The company had revenue of $22.08 billion for the quarter, compared to analyst estimates of $22.12 billion. Walt Disney had a return on equity of 8.37% and a net margin of 1.90%. Walt Disney’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.93 earnings per share. On average, equities analysts anticipate that Walt Disney will post 4.75 EPS for the current year.

Insiders Place Their Bets

In other news, EVP Sonia L. Coleman sold 4,400 shares of the business’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $106.00, for a total transaction of $466,400.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director James P. Gorman acquired 20,000 shares of Walt Disney stock in a transaction dated Wednesday, May 8th. The shares were purchased at an average cost of $106.03 per share, for a total transaction of $2,120,600.00. Following the transaction, the director now owns 20,467 shares of the company’s stock, valued at $2,170,116.01. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Sonia L. Coleman sold 4,400 shares of the business’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $106.00, for a total transaction of $466,400.00. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Redburn Atlantic raised shares of Walt Disney from a “sell” rating to a “neutral” rating and set a $100.00 target price for the company in a research report on Tuesday, May 21st. Macquarie boosted their price objective on Walt Disney from $104.00 to $107.00 and gave the stock a “neutral” rating in a report on Monday, May 13th. Bank of America raised their target price on Walt Disney from $130.00 to $145.00 and gave the company a “buy” rating in a report on Monday, April 1st. Deutsche Bank Aktiengesellschaft upped their price target on Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Monday, May 6th. Finally, Guggenheim raised their price objective on Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, April 3rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-three have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $126.44.

Check Out Our Latest Stock Report on Walt Disney

About Walt Disney

(Get Free Report)

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.

Further Reading

Dividend History for Walt Disney (NYSE:DIS)

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