Somewhat Favorable Press Coverage Unlikely to Affect Walt Disney Company (The) (DIS) Share Price

Media stories about Walt Disney Company (The) (NYSE:DIS) have been trending somewhat positive on Friday, Accern reports. The research group rates the sentiment of media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Walt Disney Company (The) earned a media sentiment score of 0.23 on Accern’s scale. Accern also gave news stories about the entertainment giant an impact score of 27 out of 100, meaning that recent media coverage is unlikely to have an effect on the stock’s share price in the next several days.

Here are some of the media headlines that may have impacted Accern Sentiment’s analysis:

Several equities analysts have weighed in on DIS shares. Sanford C. Bernstein restated a “market perform” rating and set a $107.00 price objective on shares of Walt Disney Company (The) in a research report on Thursday, April 6th. FBR & Co boosted their price objective on Walt Disney Company (The) from $113.00 to $116.00 and gave the stock a “mkt perform” rating in a research report on Friday, April 7th. Vetr raised Walt Disney Company (The) from a “hold” rating to a “buy” rating and set a $118.01 target price on the stock in a report on Monday, April 10th. Goldman Sachs Group, Inc. (The) set a $138.00 target price on Walt Disney Company (The) and gave the stock a “buy” rating in a report on Tuesday, April 11th. Finally, J P Morgan Chase & Co reissued an “overweight” rating and issued a $124.00 price objective on shares of Walt Disney Company (The) in a research note on Tuesday, April 11th. Six investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and seventeen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $115.95.

Shares of Walt Disney Company (NYSE:DIS) traded down 1.31% during midday trading on Friday, hitting $107.69. 8,503,837 shares of the stock were exchanged. The stock has a market cap of $168.52 billion, a price-to-earnings ratio of 18.78 and a beta of 1.40. The firm’s 50-day moving average is $106.01 and its 200-day moving average is $109.39. Walt Disney Company has a 12 month low of $90.32 and a 12 month high of $116.10.

Walt Disney Company (The) (NYSE:DIS) last posted its quarterly earnings results on Tuesday, May 9th. The entertainment giant reported $1.50 EPS for the quarter, topping the consensus estimate of $1.45 by $0.05. Walt Disney Company (The) had a net margin of 16.63% and a return on equity of 19.81%. The company had revenue of $13.34 billion during the quarter, compared to analysts’ expectations of $13.44 billion. During the same quarter in the previous year, the business posted $1.36 EPS. The firm’s revenue was up 2.8% on a year-over-year basis. Equities research analysts predict that Walt Disney Company will post $5.90 earnings per share for the current year.

The company also recently declared a Semi-Annual dividend, which was paid on Thursday, July 27th. Shareholders of record on Monday, July 10th were issued a dividend of $0.78 per share. The ex-dividend date was Thursday, July 6th. Walt Disney Company (The)’s dividend payout ratio (DPR) is presently 27.18%.

In other Walt Disney Company (The) news, Chairman Robert A. Iger sold 797,578 shares of the company’s stock in a transaction on Friday, June 9th. The shares were sold at an average price of $105.09, for a total transaction of $83,817,472.02. Following the completion of the transaction, the chairman now owns 1,566,484 shares in the company, valued at approximately $164,621,803.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Susan E. Arnold sold 12,143 shares of the company’s stock in a transaction on Thursday, May 11th. The stock was sold at an average price of $109.02, for a total transaction of $1,323,829.86. Following the transaction, the director now directly owns 48,673 shares in the company, valued at $5,306,330.46. The disclosure for this sale can be found here. 0.38% of the stock is currently owned by insiders.

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Walt Disney Company (The) 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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