Will Walt Disney Co Stock Boom Or Bust From Here?
Walt Disney Co (DIS) has experienced a -1.76% drop in the last session. The company's revenue is expected to grow.
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On the other hand, Walt Disney Co (DIS) has seen a -1.76% downside in the last session and has been trading in the red over the past 5 sessions. The stock has plummeted -1.76% in intraday trading to $84.68, hitting a weekly high. Its 5-day price performance is -0.20%, and it has moved by 3.34% in 30 days. The overall price performance for the year is -13.00%. The short interest in Walt Disney Co (NYSE:DIS) is 21.76 million shares, giving shorts 1.42 day(s) to cover.
Analysts on Wall Street have a consensus price target of $104.60, indicating an increase of 19.04% to the stock's current value. The forecast gives a target low and a target high price of $58.00 and $128.00 respectively. DIS is trading at a discount of -51.16% off the target high and 31.51% off the low.
Walt Disney Co has outperformed its competitors in share price, with shares going down -14.25% during the last six months. The year-to-date growth rate is more than the industry average at 3.68% against 2.90%. Analysts are ramping up their growth forecast for the fiscal year 2023, with revenue predicted to grow 140.00% this quarter and then jump 15.20% in the quarter after that. Revenue is also expected to increase 6.30% compared to the previous financial year.
The company's earnings have shrunk an estimated -21.27% over the past 5 years, but earnings are projected to return 4.76% in 2023 and 18.00% per annum over the next five years. Walt Disney Co is due to release its next quarterly earnings on November 08. The dividend yield ratio is 0.04, with the dividend yield indicating at 0.05 percent, continuing the trend of increasing dividends in recent years.
Walt Disney Co insiders own 0.06% of total outstanding shares while institutional holders control 65.00%, with the float percentage being 65.04%. Vanguard Group Inc is the largest shareholder of the company, holding over 148.89 million shares (or 8.14% of all shares), a total value of $13.29 billion in shares. Blackrock Inc. holds the next largest institutional holding, with 121.96 million shares, approximately 6.67% of outstanding shares, valued at $10.89 billion.
The Mutual Funds with the largest holdings of Walt Disney Co (DIS) shares are Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. Vanguard Total Stock Market Index Fund owns about 56.98 million shares, just over 3.11 percent of the company's overall shares, with a $5.09 billion market value. The other fund manager holds slightly less at 43.51 million, or about 2.38% of the stock, valued at about $3.88 billion.
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