Walt Disney Co Announces Semi-Annual Dividend of $0.84 (NYSE:DIS)

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.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Thursday, November 9th. The entertainment giant reported $1.07 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.12 by ($0.05). The firm had revenue of $12.78 billion during the quarter, compared to analyst estimates of $13.30 billion. Walt Disney had a return on equity of 19.66% and a net margin of 16.29%. The firm’s revenue was down 2.8% on a year-over-year basis. During the same period last year, the business earned $1.10 EPS. sell-side analysts predict that Walt Disney will post 6.23 earnings per share for the current fiscal year.

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.

WARNING: “Walt Disney Co Announces Semi-Annual Dividend of $0.84 (NYSE:DIS)” was reported by Week Herald and is the property of of Week Herald. If you are accessing this piece on another website, it was illegally copied and republished in violation of U.S. and international trademark & copyright law. The legal version of this piece can be read at https://weekherald.com/2017/12/30/walt-disney-co-dis-to-issue-semi-annual-dividend-of-0-84-on-january-11th.html.

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.

Dividend History for Walt Disney (NYSE:DIS)

Receive News & Ratings for Walt Disney Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walt Disney and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply