Walt Disney (NYSE:DIS) released its earnings results on Thursday. The entertainment giant reported $1.48 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.31 by $0.17, Briefing.com reports. The firm had revenue of $14.30 billion for the quarter, compared to the consensus estimate of $13.76 billion. Walt Disney had a return on equity of 21.37% and a net margin of 20.76%. The company’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.07 EPS.

Shares of DIS stock opened at $118.00 on Friday. Walt Disney has a twelve month low of $97.68 and a twelve month high of $120.20. The firm has a market capitalization of $174.08 billion, a price-to-earnings ratio of 16.67, a PEG ratio of 1.48 and a beta of 1.17. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.88 and a quick ratio of 0.81.

In other Walt Disney news, EVP Brent Woodford sold 952 shares of the company’s stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $111.87, for a total value of $106,500.24. Following the completion of the sale, the executive vice president now directly owns 26,698 shares in the company, valued at approximately $2,986,705.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Mary Jayne Parker sold 29,192 shares of the company’s stock in a transaction on Wednesday, October 3rd. The stock was sold at an average price of $117.99, for a total value of $3,444,364.08. Following the completion of the sale, the executive vice president now owns 29,199 shares of the company’s stock, valued at $3,445,190.01. The disclosure for this sale can be found here. Insiders sold a total of 78,838 shares of company stock valued at $9,391,319 over the last quarter. Company insiders own 0.38% of the company’s stock.

Several hedge funds have recently modified their holdings of the business. HC Financial Advisors Inc. purchased a new stake in shares of Walt Disney during the 4th quarter worth $2,797,000. Gruss & Co. Inc. lifted its stake in shares of Walt Disney by 25.0% during the 1st quarter. Gruss & Co. Inc. now owns 15,000 shares of the entertainment giant’s stock worth $1,507,000 after purchasing an additional 3,000 shares during the last quarter. First Allied Advisory Services Inc. lifted its stake in shares of Walt Disney by 5.3% during the 1st quarter. First Allied Advisory Services Inc. now owns 69,670 shares of the entertainment giant’s stock worth $7,015,000 after purchasing an additional 3,531 shares during the last quarter. Cullen Frost Bankers Inc. lifted its stake in shares of Walt Disney by 1.6% during the 1st quarter. Cullen Frost Bankers Inc. now owns 242,786 shares of the entertainment giant’s stock worth $24,385,000 after purchasing an additional 3,752 shares during the last quarter. Finally, CNB Bank lifted its stake in shares of Walt Disney by 18.2% during the 1st quarter. CNB Bank now owns 5,214 shares of the entertainment giant’s stock worth $524,000 after purchasing an additional 804 shares during the last quarter. Institutional investors and hedge funds own 63.15% of the company’s stock.

DIS has been the topic of several analyst reports. Imperial Capital boosted their target price on Walt Disney from $108.00 to $112.00 and gave the company an “inline” rating in a research report on Wednesday, August 8th. Zacks Investment Research raised Walt Disney from a “sell” rating to a “hold” rating in a research report on Monday, October 1st. Pivotal Research reissued a “sell” rating and set a $95.00 target price on shares of Walt Disney in a research report on Sunday, September 23rd. ValuEngine raised Walt Disney from a “hold” rating to a “buy” rating in a research report on Friday, October 19th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $140.00 price objective on shares of Walt Disney in a research report on Wednesday, August 8th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $120.99.

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Walt Disney Company Profile

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming services under the brand ESPN, Disney, and Freeform; broadcast businesses, which include the ABC TV Network and eight owned television stations; radio businesses consisting of the ESPN Radio network; and the Radio Disney network.

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Earnings History for Walt Disney (NYSE:DIS)

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