The Walt Disney Company [DIS] stock Reiterated by Truist analyst, price target now $205

The Walt Disney Company [NYSE: DIS] traded at a low on 05/14/21, posting a -2.60 loss after which it closed the day’ session at $173.70. The company report on May 14, 2021 that The Walt Disney Company Reports Second Quarter and Six Months Earnings for Fiscal 2021.

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The Walt Disney Company (NYSE: DIS) reported earnings for its second fiscal quarter ended April 3, 2021. Diluted earnings per share (EPS) from continuing operations for the quarter increased to $0.50 from $0.26 in the prior-year quarter. Excluding certain items(1), diluted EPS for the quarter increased 32% to $0.79 from $0.60 in the prior-year quarter. EPS from continuing operations for the six months ended April 3, 2021 decreased 64% to $0.52 from $1.43 in the prior-year period. Excluding certain items(1), EPS for the six months decreased 48% to $1.11 from $2.13 in the prior-year period. Results for the quarter and six months ended April 3, 2021 were adversely impacted by the novel coronavirus (COVID-19). The most significant impact was at the Disney Parks, Experiences and Products segment where since late in the second quarter of fiscal 2020, our parks and resorts have been closed or operating at significantly reduced capacity and our cruise ship sailings have been suspended.

“We’re pleased to see more encouraging signs of recovery across our businesses, and we remain focused on ramping up our operations while also fueling long-term growth for the Company,” said Bob Chapek, Chief Executive Officer, The Walt Disney Company. “This is clearly reflected in the reopening of our theme parks and resorts, increased production at our studios, the continued success of our streaming services, and the expansion of our unrivaled portfolio of multiyear sports rights deals for ESPN and ESPN+.”.

The results of the trading session contributed to over 33090289 shares changing hands. Over the past one week, the price volatility of The Walt Disney Company stands at 2.59% while the volatility over the past one month is 2.01%.

The market cap for DIS stock reached $323.73 billion, with 1.82 billion shares outstanding and 1.81 billion shares in the current float. Compared to the average trading volume of 10.38M shares, DIS reached a trading volume of 33090289 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about The Walt Disney Company [DIS]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for DIS shares is $209.23 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on DIS stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Truist have made an estimate for The Walt Disney Company shares, keeping their opinion on the stock as Buy, with their previous recommendation back on April 16, 2021. While these analysts kept the previous recommendation, UBS raised their target price from $155 to $200. The new note on the price target was released on January 22, 2021, representing the official price target for The Walt Disney Company stock. Previously, the target price had yet another raise to $185, while BMO Capital Markets analysts kept a Market Perform rating on DIS stock.

The Average True Range (ATR) for The Walt Disney Company is set at 4.05, with the Price to Sales ratio for DIS stock in the period of the last 12 months amounting to 5.33. The Price to Book ratio for the last quarter was 3.69, with the Price to Cash per share for the same quarter was set at 8.53. Price to Free Cash Flow for DIS in the course of the last twelve months was 243.04 with Quick ratio for the last quarter at 1.20.

How has DIS stock performed recently?

The Walt Disney Company [DIS] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.03. With this latest performance, DIS shares dropped by -6.58% in over the last four-week period, additionally plugging by 26.03% over the last 6 months – not to mention a rise of 64.01% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for DIS stock in for the last two-week period is set at 29.72, with the RSI for the last a single of trading hit 23.50, and the three-weeks RSI is set at 35.25 for The Walt Disney Company [DIS]. The present Moving Average for the last 50 days of trading for this stock 187.16, while it was recorded at 179.17 for the last single week of trading, and 159.08 for the last 200 days.

The Walt Disney Company [DIS]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and The Walt Disney Company [DIS] shares currently have an operating margin of +5.49 and a Gross Margin at +24.49. The Walt Disney Company’s Net Margin is presently recorded at -4.35.

Return on Total Capital for DIS is now 2.31, given the latest momentum, and Return on Invested Capital for the company is -2.13. Return on Equity for this stock declined to -3.28, with Return on Assets sitting at -1.43. When it comes to the capital structure of this company, The Walt Disney Company [DIS] has a Total Debt to Total Equity ratio set at 74.56. Additionally, DIS Total Debt to Total Capital is recorded at 42.71, with Total Debt to Total Assets ending up at 30.92. Long-Term Debt to Equity for the company is recorded at 66.79, with the Long-Term Debt to Total Capital now at 38.26.

Reflecting on the efficiency of the workforce at the company, The Walt Disney Company [DIS] managed to generate an average of -$13,951 per employee. Receivables Turnover for the company is 4.62 with a Total Asset Turnover recorded at a value of 0.33.The Walt Disney Company’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.20 and a Current Ratio set at 1.20.

Earnings analysis for The Walt Disney Company [DIS]

With the latest financial reports released by the company, The Walt Disney Company posted 0.08/share EPS, while the average EPS was predicted by analysts to be reported at -0.64/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 112.50%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for DIS. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for The Walt Disney Company go to 51.70%.

Insider trade positions for The Walt Disney Company [DIS]

There are presently around $207,448 million, or 67.40% of DIS stock, in the hands of institutional investors. The top three institutional holders of DIS stocks are: VANGUARD GROUP INC with ownership of 135,725,183, which is approximately -6.882% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 116,506,865 shares of the stock with an approximate value of $20.24 billion in DIS stocks shares; and STATE STREET CORP, currently with $12.39 billion in DIS stock with ownership of nearly -4.138% of the company’s market capitalization.

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Positions in The Walt Disney Company stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 1,616 institutional holders increased their position in The Walt Disney Company [NYSE:DIS] by around 92,067,280 shares. Additionally, 1,375 investors decreased positions by around 60,230,712 shares, while 287 investors held positions by with 1,041,991,619 shares. The mentioned changes placed institutional holdings at 1,194,289,611 shares, according to the latest SEC report filing. DIS stock had 279 new institutional investments in for a total of 23,866,416 shares, while 105 institutional investors sold positions of 4,301,220 shares during the same period.

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