The Walt Disney Co. (NYSE:DIS) – Equities research analysts at FBR & Co decreased their Q1 2017 earnings estimates for shares of The Walt Disney in a research note issued on Tuesday. FBR & Co analyst B. Crockett now forecasts that the brokerage will post earnings per share of $1.50 for the quarter, down from their prior forecast of $1.55. FBR & Co has a “Market Perform” rating and a $108.00 price objective on the stock. FBR & Co also issued estimates for The Walt Disney’s Q4 2017 earnings at $1.37 EPS, FY2018 earnings at $6.65 EPS and FY2019 earnings at $7.29 EPS.
The Walt Disney (NYSE:DIS) last released its earnings results on Tuesday, May 10th. The entertainment giant reported $1.36 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.40 by $0.04. The company earned $12.97 billion during the quarter, compared to analysts’ expectations of $13.22 billion. During the same quarter in the previous year, the business earned $1.23 EPS. The company’s revenue for the quarter was up 4.1% compared to the same quarter last year.
DIS has been the subject of a number of other reports. Royal Bank Of Canada reiterated a “sector perform” rating on shares of The Walt Disney in a research report on Friday, May 13th. Piper Jaffray Cos. reissued an “overweight” rating and issued a $120.00 price objective on shares of The Walt Disney in a research note on Tuesday, May 10th. Jefferies Group reissued a “hold” rating and issued a $92.00 price objective (down from $101.05) on shares of The Walt Disney in a research note on Wednesday, May 11th. Credit Suisse Group AG decreased their price objective on shares of The Walt Disney from $130.00 to $128.00 and set an “outperform” rating on the stock in a research note on Thursday, May 12th. Finally, Hilliard Lyons reissued a “buy” rating on shares of The Walt Disney in a research note on Saturday, May 14th. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating and fifteen have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $109.46.
The business also recently disclosed a semiannual dividend, which will be paid on Thursday, July 28th. Stockholders of record on Monday, July 11th will be issued a dividend of $0.71 per share. The ex-dividend date is Thursday, July 7th. This represents a dividend yield of 1.45%.
In other The Walt Disney news, Director Maria Elena Lagomasino bought 980 shares of the stock in a transaction that occurred on Thursday, May 12th. The shares were bought at an average price of $101.98 per share, for a total transaction of $99,940.40. Following the acquisition, the director now directly owns 2,820 shares of the company’s stock, valued at approximately $287,583.60. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Brent Woodford sold 2,500 shares of the company’s stock in a transaction dated Monday, May 9th. The stock was sold at an average price of $106.50, for a total transaction of $266,250.00. Following the completion of the sale, the executive vice president now owns 27,975 shares in the company, valued at approximately $2,979,337.50. The disclosure for this sale can be found here.
Other large investors have bought and sold shares of the company. Swiss National Bank raised its stake in The Walt Disney by 0.8% in the fourth quarter. Swiss National Bank now owns 2,914,328 shares of the entertainment giant’s stock worth $306,238,000 after buying an additional 21,900 shares in the last quarter. Banque Pictet & Cie SA raised its stake in The Walt Disney by 11.3% in the fourth quarter. Banque Pictet & Cie SA now owns 1,371,229 shares of the entertainment giant’s stock worth $144,089,000 after buying an additional 139,431 shares in the last quarter. Smead Capital Management Inc. raised its stake in The Walt Disney by 38.5% in the fourth quarter. Smead Capital Management Inc. now owns 888,450 shares of the entertainment giant’s stock worth $76,552,000 after buying an additional 246,925 shares in the last quarter. Sei Investments Co. raised its stake in The Walt Disney by 5.9% in the fourth quarter. Sei Investments Co. now owns 726,090 shares of the entertainment giant’s stock worth $76,298,000 after buying an additional 40,247 shares in the last quarter. Finally, Gofen & Glossberg LLC IL raised its stake in The Walt Disney by 0.8% in the fourth quarter. Gofen & Glossberg LLC IL now owns 391,887 shares of the entertainment giant’s stock worth $36,912,000 after buying an additional 3,205 shares in the last quarter.
The Walt Disney Company, incorporated on July 28, 1995, together with its subsidiaries and affiliates, is a diversified international family entertainment and media enterprise with five business segments: media networks, parks and resorts, studio entertainment, consumer products and interactive media.
