The 26 analysts offering 12-month price forecasts for Walt Disney Co have a median target of 130.00, with a high estimate of 141.00 and a low estimate of 94.00. The other two are Pixar's Elemental and Walt Disney Studios' Haunted Mansion. Disney CEO Bob Chapek mentioned that the company has over 340 local original titles in various stages of development and production across its direct-to-consumer platforms, which would include Hulu and ESPN+. BREAKING: Salesforce Soars Late, Tesla Doesn't Unveil New EV. Three are sequels in a franchise (Indiana Jones and the Dial of Destiny, Guardians of the Galaxy Vol. Historically, Disney's dividend yield ranged from 0.6% to 1.6% between 2011 to 2019. "We are intent on reducing our debt," Iger said on 2/9/2023 during an interview on CNBC. The material provided on this website is for information purposes only and should not be understood as an investment advice. Read The Big Picture for detailed daily analysis of what's going on in the stock market. We take a look at recentnews, the stocks price history and the latest Disney stock forecast. It's no surprise that you'll hear varying opinions about the company's prospects and whether or not you should buy its stock. During Igers leadership from 2005 to 2020, Disney expanded its business with acquisitions of blockbuster-producing film studios Pixar, Marvel, Lucasfilm and 21. Thats a perfect example how the linear platforms, while they still have an audience and could help us monetize can still be used effectively, and we have that ability. As of May 10th, 2022, the stock was trading at around $108.49. Discovery, which experienced stock declines of 51% and 62%, respectively, in 2022. The media giant ranks 14th in the 20-stock Media-Diversified group, based on that rating. It also spent less in . On the retail operation, the company sells Disney, Marvel, Pixar and Lucasfilm-branded products through retail stores and internet sites globally. That's nearly 22% below the high set on Jan. 3.". Dani Cook has no position in any of the stocks mentioned. The stock is now more than 35% off its 52-week high, according to IBD MarketSmith chart analysis. Since the beginning of 2022, Disneys stock has declined by 37%, steeper than 14.51% lost over 2021and was 1.5% below the pre-pandemic price of $99.40 on 16 October 2017,according to Trading Viewdata. Despite strong first-quarter results, Wall Street analysts have very different views on varying parts of the . call +44 20 3097 8888 support@capital.com. The question above was, whether the transformation work can be completed before conditions change again. Yes. For fiscal 2021 Disney earned $3.03 a share, 270% better than fiscal '20. The majority of retail investor accounts lose money when trading CFDs. Find the latest The Walt Disney Company (DIS) stock quote, history, news and other vital information to help you with your stock trading and investing. . Disney's . can generate Disneys stock price forecast beyond 2022. Stronger revenue from Disneys Parks & Experiences segment helped to cushion losses from the DTC. You should conduct your own due diligence, and never invest or trade money you cannot afford to lose. In addition, Disney announced solid earnings, with an increase in revenue and beating EPS estimates for the fiscal Q1:2023. Disney Channels programming is made up of internally developed hits based on Disneys extensive library of feature films and animated characters. Bulls want to see Disney's stock break up from either the daily or four-hour bull flag pattern and for continued momentum to push the stock up over its next resistance level at $191.25. Turning Red Preview Beyond Disney+, continued financial success in the Disney Parks could also be a big boost to stock. On this note, Disney is nearly doubling the amount of original content from its top brands in fiscal 2022. That's nearly 21% potential upside. In early November, Disney made a surprise leadership change, reinstalling Bob Iger as CEO, in an attempt to turn things around. All these stock splits work out as 1 share purchased at IPO being the worth 384 shares today. Join the 500.000+ traders worldwide that chose to trade with Capital.com, Also you can contact us: Macker also expected Disneys animated franchises across multiple platforms from movies, home videos, to musicals to continue to grow as more popular movies get released by the animated studio and Pixar. However, if you are not currently a holder of Disney shares, it may not be the best time to buy. Dividend). What are analysts forecasts for Walt Disney stock? At the time of writing (1 December 2022), the stock last closed at $97.87 per share on 30 November, having sunk 51.8% from its all-time high price of $203 on 8 March 2021. However from that point Disney, like many Dow 30 members, was part of a huge run up over the next 3 years. On 12/29/2022, I gave a sell rating to Disney DIS at $87.18 based on this investment theme. Netflix's stock has . The major market events for the week ahead right in your inbox. If Disney decides to reinstate its dividend, it may have a minimal impact on shareholder value. Disney has three years to double its subscribers, but that should be an easy layup given that Disney has gotten this far without having deeply tapped the rich content pipeline it unveiled a year ago. What is DIS's Earnings Per Share (EPS) forecast for 2023-2025? Since the corporate strategy is to continue focusing on streaming for sustainable profitability, Hulu is a valuable asset that supports this strategy. ESPN remains the premier domestic sports television network due to its extensive sports programming. Is it profitable to invest in Walt Disney Co (The) stock? We value Disney stock at about $190 per share, which is roughly 70% ahead of the current market price. Disney has also seen a public relations crisis of sorts relating to its handling of Floridas controversial Parental Rights in Education legislation, which has, in turn, made Florida lawmakers pass legislation that would strip Disney of self-governing status in the state from next year. Shareholder percentage totals can add to more than 100% because some holders are included in the free float. If you rely on the information on this page then you do so entirely on your own risk. The creators know audiences love and wait for this content. All rights reserved. Disney trades at $169.30 as of publishing, off the 52-week low of $79.07. It's hard to believe the $172 billion market cap behemoth started out in 1923 as Disney Brothers Cartoon Studio, by Walt and his brother, Roy O. Disney. It booked earnings per share (EPS) of $0.30 in the fourth quarter, down from $0.37 in the prior-year quarter. *Average returns of all recommendations since inception. Disney has undergone a challenging few years, to say the least. I have always believed by the way, that accessibility is a core value of the Disney brand. Iger is getting his ducks in order in his third transformation. Learn More. You should do your own research about the stock by reading the latest DIS stock news, technical and fundamental analysis. As of 1 December, 22 analysts tracked by Market Beat recommended a moderate buy rating for Disney stock, while 19 recommended a buy and three gavea hold rating. According to Variety, Disney spent about $460 million producing and promoting the film. Get these newsletters delivered to your inbox & more info about our products & services. Disney stock has been publicly traded since 1957 when it had its initial public offering where Disney stock was sold at $13.88 per share. Disney stock soars after Bob Iger replaces Bob Chapek as CEO By Ariel Zilber and Alexandra Steigrad November 21, 2022 8:15am Updated Disney's stock price soared 10% after Bob Iger agreed. According to the current price, Walt Disney is 67.20% away from the 52-week high. The following year, Walt passed away, leaving Roy in charge. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. If you had invested $1,000 in Disney's IPO your stock today would be worth over 3 million dollars today. Currently, DIS is trading at an EV-to-EBITDA multiple of 18.46, which is the highest among its peers. Disney was hit by residual pandemic headwinds and a tough economy. UPDATE: Disney stock values have continued to drop. of $0.30 in the fourth quarter, down from $0.37 in the prior-year quarter. Disney's stock has shown signs of recovery since the start of 2023, rising over 10% year to date as investors grow optimistic about the entertainment industry again. Some investors may adopt a wait-and-see approach. This overvaluation may be due to investors' confidence that growth will increase following Iger's restructuring efforts. After the August 10 close, Disney reported higher-than-expected fiscal Q3 earnings, as Disney+ streaming subscriptions came up strong. The content is distributed by a single organisation across three significant lines of business: Linear Networks, Direct-to-Consumer and Content Sales/Licensing. Let's assess. The Walt Disney Company at the 2022 Bank of America Securities Media, Communications & Entertainment Conference August 10, 2022 Disney's Q3 FY22 Earnings Results Webcast May 18, 2022 The Walt Disney Company at the 9th Annual MoffettNathanson Media and Communications Summit View All Investor Relations News February 9, 2023 And the gains are not over yet. However, Disney's stock rallied to a high of $118.18 on 2/9/2022 and closed the day at $110.36. IsDisney stockis a buy right now? Get the latest Walt Disney Co (DIS) real-time quote, historical performance, charts, and other financial information to help you make more informed trading and investment decisions. In the surprise boardroom shuffle, Iger will serve as Disneys CEO for two years. In November, Disney released Peter Jackson's Beatles documentary and Marvel's Hawkeye. When you think about it, Abbott Elementary airs on ABC, then it goes to Hulu. Invest better with The Motley Fool. I have no business relationship with any company whose stock is mentioned in this article. Disney is releasing seven other films outside of the MCU in 2023. That's right -- they think these 10 stocks are even better buys. It's on a promising growth path and is home to franchises that will likely take its streaming venture far. Shares of the media giant surged 8% in the first four days of trading in 2023 . Get instant access to exclusive stock lists, expert market analysis and powerful tools with 2 months of IBD Digital for only $20! This will be Igers third transformation. The reopening of Walt Disney's (DIS -1.07%) theme parks and growth from its three streaming services (Disney+, Hulu, ESPN+) wasn't enough to push the stock higher in 2021. This transformation is focused on operational efficiency. The demographic difference in age is tremendous. However, as of 2/27/2023, there are other options for income, such as CDs yielding 4.5% to 5% and 10-year US Treasuries yielding 3.95%, with 1-year yielding 4.75%. There are several potential catalysts that could lead to higher share prices, including the announcement of a new CEO in the next 18-24 months (If the new CEO has the same credibility Iger has), potential growth in streaming by gaining market share, a rationalized pricing policy, cost cuts, the success of a new blockbuster show due to increased creativity, lower debt levels, keeping ESPN and buying the rest of Hulu, and, most importantly, having activist managers advising and standing behind Iger. A closer look at its segments reveals that revenue from Disney Media and Entertainment Distribution fell 3% year-over-year (YoY) to $12.72bn in the fourth quarter of2022 owing to widening losses for Direct-to-Consumer (DTC) and Content Sales/Licensing. Discovery. It found a bottom on March 18, 2020, before making its way back to fresh highs. I believe Hulu is a strategic fit and should not be sold. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. But losses in the streaming business continue to hurt the business. This sets the stage for a long-term vision for the company that focuses on the streaming business, margin improvement, cost reduction, and strategic reorganization. Both Nasdaq (32.7% down from its peak) and Dow Jones (17% below its peak) are also presenting slumps. He has credibility. Despite the recent concerns in the streaming industry, we think Disney stock looks like a buy for a couple of reasons. However, the streaming business remains cash-intensive with Disney ramping up content spending by $8 billion this year to support its Direct to consumer offering, while projecting that the business will only be profitable in 2024. Investors probably shouldnt worry too much about the rising investments Disney is making into its content and streaming operations. Marvel has two more films for theater release in 2023, and another seven slated for release through 2026. And that compounds the problem of real-world inflation for Disney, which said it spent $3.6 billion on capital expenditures in the past fiscal year and will increase that by $2.5 billion in 2022 . I wrote this article myself, and it expresses my own opinions. Here it stacks up against any other studio that had a top-10 film in 2022, which includes Paramount, Universal, and Warner Bros. The company easily beat Wall Street targets for fiscal third-quarter earnings, revenue and subscribers. Formerly with Fidelity Investments, Dean Witter Investment Management, Citibank - Amsterdam, Eli Lilly - Brussels, Thomson Financial (aka Thomson Reuters), NYC gov., and Apple, Inc. 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