Walt Disney Co (DIS) to Issue Semi-Annual Dividend of $0.84 on January 11th

Walt Disney Co (NYSE:DIS) declared a Semi-Annual dividend on Wednesday, November 29th, NASDAQ reports. Stockholders 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 is Friday, December 8th.

Walt Disney has a dividend payout ratio of 26.9% meaning its dividend is sufficiently covered by earnings. Analysts expect Walt Disney to earn $6.54 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 25.7%.

Walt Disney (NYSE:DIS) opened at $105.46 on Thursday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.74 and a current ratio of 0.81. Walt Disney has a 52 week low of $96.20 and a 52 week high of $116.10. The company has a market cap of $161,935.64, a PE ratio of 18.81, a price-to-earnings-growth ratio of 2.28 and a beta of 1.38.

Walt Disney (NYSE:DIS) last issued its earnings results on Thursday, November 9th. The entertainment giant reported $1.07 EPS for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.05). Walt Disney had a return on equity of 19.66% and a net margin of 16.29%. The firm had revenue of $12.78 billion for the quarter, compared to analysts’ expectations of $13.30 billion. During the same period last year, the firm earned $1.10 earnings per share. Walt Disney’s revenue for the quarter was down 2.8% on a year-over-year basis. equities analysts predict that Walt Disney will post 6.24 EPS for the current fiscal year.

DIS has been the topic of a number of analyst reports. Piper Jaffray Companies set a $130.00 target price on shares of Walt Disney and gave the stock a “buy” rating in a research note on Wednesday, August 9th. Credit Suisse Group reiterated an “outperform” rating and set a $120.00 price target (down from $125.00) on shares of Walt Disney in a research report on Wednesday, August 9th. FBR & Co dropped their price target on shares of Walt Disney from $114.00 to $112.00 and set a “market perform” rating for the company in a research report on Wednesday, August 9th. BidaskClub cut shares of Walt Disney from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Finally, Jefferies Group reiterated a “hold” rating and set a $110.00 price target on shares of Walt Disney in a research report on Wednesday, August 9th. Three analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. Walt Disney has a consensus rating of “Hold” and an average price target of $112.34.

A number of hedge funds have recently added to or reduced their stakes in the stock. Manchester Capital Management LLC increased its stake in Walt Disney by 0.3% in the 2nd quarter. Manchester Capital Management LLC now owns 11,636 shares of the entertainment giant’s stock valued at $1,236,000 after buying an additional 30 shares during the period. Marathon Capital Management grew its stake in shares of Walt Disney by 1.9% during the 2nd quarter. Marathon Capital Management now owns 2,082 shares of the entertainment giant’s stock worth $221,000 after purchasing an additional 38 shares during the period. Forbes J M & Co. LLP grew its stake in shares of Walt Disney by 0.9% during the 2nd quarter. Forbes J M & Co. LLP now owns 5,004 shares of the entertainment giant’s stock worth $531,000 after purchasing an additional 45 shares during the period. Wealth Architects LLC grew its stake in shares of Walt Disney by 1.6% during the 2nd quarter. Wealth Architects LLC now owns 2,969 shares of the entertainment giant’s stock worth $315,000 after purchasing an additional 48 shares during the period. Finally, Highland Private Wealth Management grew its stake in shares of Walt Disney by 1.6% during the 2nd quarter. Highland Private Wealth Management now owns 3,558 shares of the entertainment giant’s stock worth $378,000 after purchasing an additional 57 shares during the period. Hedge funds and other institutional investors own 61.51% of the company’s stock.

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About Walt Disney

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)

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