The Walt Disney Company [NYSE: DIS] stock went on a downward path that fall over -0.34% on Friday, amounting to a one-week price increase of more than 0.24%. The company report on December 30, 2022 that Disney Recommends Shareholders Reject Mini-tender Offer by TRC Capital Investment.
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The Walt Disney Company (NYSE: DIS) recently became aware that TRC Capital Investment Corp. (TRC) has made an unsolicited mini-tender offer to purchase up to 1,500,000 shares of Disney common stock, and, per a press release issued by TRC on December 28, 2022 (the TRC Press Release), has amended the terms of such offer to decrease the offer price payable to $85.00 a share, down from a prior offer price of $89.15 a share.
Disney recommends that shareholders not tender their shares in response to TRC’s unsolicited offer because the offer price of $85.00 per share is below the current market price for Disney shares. This means that, based on today’s closing market price, Disney shareholders who tender their shares in the offer will receive a below-market price.
Over the last 12 months, DIS stock dropped by -44.28%. The one-year The Walt Disney Company stock forecast points to a potential upside of 31.01. The average equity rating for DIS stock is currently 2.00, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $158.98 billion, with 1.82 billion shares outstanding and 1.82 billion shares in the current float. Compared to the average trading volume of 14.26M shares, DIS stock reached a trading volume of 23208594 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $125.93 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.
Morgan Stanley have made an estimate for The Walt Disney Company shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on December 12, 2022. The new note on the price target was released on November 21, 2022, representing the official price target for The Walt Disney Company stock. Previously, the target price had yet another raise from $110 to $145, while Guggenheim kept a Buy rating on DIS stock. On July 07, 2022, analysts decreased their price target for DIS shares from 165 to 145.
The Average True Range (ATR) for The Walt Disney Company is set at 2.81, with the Price to Sales ratio for DIS stock in the period of the last 12 months amounting to 1.92. The Price to Book ratio for the last quarter was 1.71, with the Price to Cash per share for the same quarter was set at 7.08. Price to Free Cash Flow for DIS in the course of the last twelve months was 102.50 with Quick ratio for the last quarter at 1.00.
DIS Stock Performance Analysis:
The Walt Disney Company [DIS] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.24. With this latest performance, DIS shares dropped by -11.23% in over the last four-week period, additionally sinking by -9.63% over the last 6 months – not to mention a drop of -44.28% 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 40.43, with the RSI for the last a single of trading hit 40.79, and the three-weeks RSI is set at 41.15 for The Walt Disney Company [DIS]. The present Moving Average for the last 50 days of trading for this stock 95.23, while it was recorded at 86.52 for the last single week of trading, and 106.45 for the last 200 days.
Insight into The Walt Disney Company 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 +8.19 and a Gross Margin at +28.04. The Walt Disney Company’s Net Margin is presently recorded at +3.87.
Return on Equity for this stock inclined to 3.48, with Return on Assets sitting at 1.57.
The Walt Disney Company’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.00 and a Current Ratio set at 1.00.
DIS Stock EPS
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 23.75%.
The Walt Disney Company [DIS] Insider Position Details
There are presently around $99,564 million, or 65.00% of DIS stock, in the hands of institutional investors. The top three institutional holders of DIS stocks are: VANGUARD GROUP INC with ownership of 143,962,415, which is approximately 1.512% of the company’s market cap and around 0.11% of the total institutional ownership; BLACKROCK INC., holding 115,751,566 shares of the stock with an approximate value of $10.06 billion in DIS stocks shares; and STATE STREET CORP, currently with $6.08 billion in DIS stock with ownership of nearly -1.92% of the company’s market capitalization.
Positions in The Walt Disney Company stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 1,469 institutional holders increased their position in The Walt Disney Company [NYSE:DIS] by around 70,869,235 shares. Additionally, 1,340 investors decreased positions by around 44,692,125 shares, while 316 investors held positions by with 1,030,428,349 shares. The mentioned changes placed institutional holdings at 1,145,989,709 shares, according to the latest SEC report filing. DIS stock had 136 new institutional investments in for a total of 19,707,202 shares, while 139 institutional investors sold positions of 10,592,807 shares during the same period.