Walt Disney Co (NYSE:DIS) declared a Semi-Annual dividend on Wednesday, November 29th, NASDAQ reports. Shareholders of record on Monday, December 11th will be given a dividend of 0.84 per share by the entertainment giant on Thursday, January 11th. The ex-dividend date of this dividend is Friday, December 8th.
Walt Disney has a payout ratio of 27.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Walt Disney to earn $6.51 per share next year, which means the company should continue to be able to cover its $1.68 annual dividend with an expected future payout ratio of 25.8%.
Shares of Walt Disney (NYSE:DIS) traded down $0.26 during trading hours on Friday, hitting $107.51. 4,537,191 shares of the company’s stock were exchanged, compared to its average volume of 9,977,841. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 0.42. Walt Disney has a 52 week low of $96.20 and a 52 week high of $116.10. The firm has a market capitalization of $162,439.78, a PE ratio of 18.89, a price-to-earnings-growth ratio of 2.30 and a beta of 1.38.
Several equities analysts have commented on DIS shares. Zacks Investment Research raised shares of Walt Disney from a “sell” rating to a “hold” rating in a research note on Friday, November 3rd. Edward Jones lowered shares of Walt Disney from a “buy” rating to a “hold” rating in a research report on Friday, December 15th. Wells Fargo & Co restated a “buy” rating and set a $135.00 price objective on shares of Walt Disney in a research report on Friday, December 15th. Vetr upgraded shares of Walt Disney from a “buy” rating to a “strong-buy” rating and set a $110.51 price objective for the company in a research report on Wednesday, October 11th. Finally, Barclays reduced their price objective on shares of Walt Disney from $98.00 to $94.00 and set an “equal weight” rating for the company in a research report on Friday, October 13th. Four research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and seventeen have given a buy rating to the stock. Walt Disney presently has an average rating of “Hold” and an average price target of $113.20.
Institutional investors have recently made changes to their positions in the company. Vantage Financial Partners Ltd. Inc. acquired a new stake in shares of Walt Disney in the second quarter worth $925,000. Krilogy Financial LLC boosted its stake in Walt Disney by 13.2% during the second quarter. Krilogy Financial LLC now owns 1,422 shares of the entertainment giant’s stock worth $151,000 after buying an additional 166 shares in the last quarter. Acrospire Investment Management LLC acquired a new stake in Walt Disney during the second quarter worth $170,000. Almanack Investment Partners LLC. acquired a new stake in Walt Disney during the second quarter worth $198,000. Finally, AIMZ Investment Advisors LLC boosted its stake in Walt Disney by 8.1% during the second quarter. AIMZ Investment Advisors LLC now owns 2,001 shares of the entertainment giant’s stock worth $213,000 after buying an additional 150 shares in the last quarter. Institutional investors and hedge funds own 61.51% of the company’s stock.
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Walt Disney Company Profile
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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