The Walt Disney Company (NYSE:DIS – Get Free Report) announced a dividend on Thursday, November 13th. Investors of record on Tuesday, June 30th will be paid a dividend of 0.75 per share by the entertainment giant on Wednesday, July 22nd. This represents a dividend yield of 139.0%. The ex-dividend date is Tuesday, June 30th.
Walt Disney has raised its dividend by an average of 0.0%per year over the last three years. Walt Disney has a dividend payout ratio of 23.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Walt Disney to earn $7.46 per share next year, which means the company should continue to be able to cover its $1.50 annual dividend with an expected future payout ratio of 20.1%.
Walt Disney Trading Up 0.9%
NYSE DIS opened at $98.95 on Friday. The stock has a market capitalization of $171.82 billion, a P/E ratio of 15.81, a P/E/G ratio of 1.24 and a beta of 1.39. The business has a 50 day simple moving average of $102.80 and a 200 day simple moving average of $105.02. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.68 and a quick ratio of 0.62. Walt Disney has a one year low of $92.18 and a one year high of $124.69.
Wall Street Analyst Weigh In
DIS has been the topic of a number of research reports. Guggenheim boosted their target price on shares of Walt Disney from $115.00 to $120.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Raymond James Financial raised shares of Walt Disney from a “market perform” rating to an “outperform” rating and set a $115.00 price target for the company in a research note on Wednesday, April 1st. JPMorgan Chase & Co. upped their price objective on shares of Walt Disney from $138.00 to $139.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Weiss Ratings cut shares of Walt Disney from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 11th. Finally, Wells Fargo & Company reduced their target price on Walt Disney from $148.00 to $146.00 and set an “overweight” rating for the company in a research note on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $133.71.
Check Out Our Latest Analysis on DIS
Walt Disney Company Profile
The Walt Disney Company (NYSE: DIS), commonly known as Disney, is a diversified global entertainment and media conglomerate headquartered in Burbank, California. Founded in 1923 by Walt and Roy O. Disney, the company grew from an animation studio into a multi‑national entertainment enterprise known for iconic intellectual property and family‑oriented storytelling. Disney’s operations span film and television production, streaming services, theme parks and resorts, consumer products, and live entertainment.
On the content side, Disney produces and distributes feature films and television programming through a portfolio of studios and labels that includes Walt Disney Pictures, Pixar, Marvel Studios, Lucasfilm and 20th Century Studios, along with broadcast and cable networks such as ABC, FX and National Geographic.
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