Somewhat Positive Media Coverage Somewhat Unlikely to Impact Walt Disney Company (The) (NYSE:DIS) Stock Price
News articles about Walt Disney Company (The) (NYSE:DIS) have trended somewhat positive on Saturday, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of 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 coverage optimism score of 0.19 on Accern’s scale. Accern also gave media headlines about the entertainment giant an impact score of 45.5329239561461 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the media headlines that may have impacted Accern Sentiment’s scoring:
- Netflix Just Showed Why the Disney Divorce Doesn’t Matter (fool.com)
- ESPN Brings MultiCast to Apple TV (finance.yahoo.com)
- Netflix Just Showed Why the Disney Divorce Doesn't Matter (finance.yahoo.com)
- Disney and Hulu Finally Becoming Real Competitors to Netflix (finance.yahoo.com)
- Aug 18, 2017 – Family Management Corp Buys Amgen Inc, Walt … – GuruFocus.com (gurufocus.com)
Walt Disney Company (NYSE:DIS) traded down 0.67% during midday trading on Friday, hitting $100.70. 6,893,916 shares of the stock traded hands. Walt Disney Company has a one year low of $90.32 and a one year high of $116.10. The stock has a market cap of $155.43 billion, a price-to-earnings ratio of 17.86 and a beta of 1.40. The company has a 50-day moving average price of $105.49 and a 200 day moving average price of $108.98.
Walt Disney Company (The) (NYSE:DIS) last posted its quarterly earnings results on Tuesday, August 8th. The entertainment giant reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.05. The firm had revenue of $14.24 billion for the quarter, compared to analysts’ expectations of $14.44 billion. Walt Disney Company (The) had a net margin of 16.22% and a return on equity of 19.69%. The firm’s quarterly revenue was down .3% on a year-over-year basis. During the same period in the prior year, the company posted $1.62 earnings per share. Equities research analysts anticipate that Walt Disney Company will post $5.88 earnings per share for the current year.
The business also recently declared a Semi-Annual dividend, which was paid on Thursday, July 27th. Investors of record on Monday, July 10th were issued a $0.78 dividend. The ex-dividend date of this dividend was Thursday, July 6th. Walt Disney Company (The)’s dividend payout ratio is presently 27.56%.
Several equities research analysts have recently commented on DIS shares. Deutsche Bank AG restated a “buy” rating and issued a $125.00 price objective (down from $130.00) on shares of Walt Disney Company (The) in a research note on Monday, May 15th. Goldman Sachs Group, Inc. (The) restated a “buy” rating and issued a $134.00 price objective on shares of Walt Disney Company (The) in a research note on Wednesday, May 10th. Piper Jaffray Companies set a $130.00 price objective on Walt Disney Company (The) and gave the stock a “buy” rating in a research note on Wednesday, May 10th. Credit Suisse Group reiterated a “buy” rating and issued a $125.00 price target on shares of Walt Disney Company (The) in a research note on Sunday, May 28th. Finally, Moffett Nathanson reiterated a “buy” rating on shares of Walt Disney Company (The) in a research note on Friday, June 9th. Five equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and seventeen have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $115.16.
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In other news, Chairman Robert A. Iger sold 797,578 shares of the company’s stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $105.09, for a total transaction of $83,817,472.02. Following the completion of the transaction, the chairman now owns 1,566,484 shares in the company, valued at $164,621,803.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Maria Elena Lagomasino purchased 976 shares of the stock in a transaction dated Thursday, August 10th. The shares were purchased at an average price of $102.34 per share, with a total value of $99,883.84. Following the transaction, the director now directly owns 7,513 shares of the company’s stock, valued at approximately $768,880.42. The disclosure for this purchase can be found here. 0.38% of the stock is owned by insiders.
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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