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. Create your Watchlist to save your favorite quotes on Nasdaq.com. It is also a constituent of the S&P 500 index (US500). Some of the major properties licensed by the company include: Mickey and Minnie Mouse, Star Wars, Frozen, Disney Princess, Avengers, Spider-Man, Toy Story, Disney Classics, Winnie the Pooh and Cars. The latest Disney stock news that moved the Disney stock price today came from its diluted first-quarter earnings report for 2022. Ticket sales are a central element in recovering costs for expensive content, and in sending the right films to theaters to add to profitability without cutting into streaming efforts. Consequently, it's best not to invest in Disney solely for the potential of a dividend, as there's no confirmed date of its return, and it will be marginal when it is back. Despite the recent concerns in the streaming industry, we think Disney stock looks like a buy for a couple of reasons. Disney Channels programming is made up of internally developed hits based on Disneys extensive library of feature films and animated characters. Disney is not short of growth opportunities heading into 2022. According to Variety, Disney spent about $460 million producing and promoting the film. *Stock Advisor returns as of February 8, 2023. The recent rally, though, shows promise. Founded in 1993 in Alexandria, VA., by brothers David and Tom Gardner, The Motley Fool is a multimedia financial-services company dedicated to building the world's greatest investment community. Additionally, Florida Gov. Notice: Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. Disney stock predictions: Can Iger bring back Disneys magic? But we are not going to abandon the linear or the traditional platforms while they can still be a benefit to us and our shareholders.. It's been a wild ride on Wall Street since early 2020, as the stock market fell into a bear amid the coronavirus crash. Following Disney (NYSE: DIS) and its escapades over the past few years has been at least as exciting as paying money to see one of its blockbuster films. The Motley Fool->. Wall Street analysts do not provide long-term Disney share price projections. Guidance still points to the service reaching profitability by fiscal 2024. These are planned for release over the next few years. The stock trades at about 27x consensus 2022 earnings and a little over 20x ZRX 2023 earnings. Previously the Walt Disney Co. issued its first stock through 6% cumulative preferred shares in 1940 where it was traded OTC (Over The Counter). The company added 14.6 million new subscriptions from its streaming service in the fourth quarter, bringing its total subscriptions for 2021/2022 to more than 235 million, said Chapek. Iger also told investors that it has new sequels in the works for Frozen, Toy Story, and Zootopia. Historically, Disney's dividend yield ranged from 0.6% to 1.6% between 2011 to 2019. Read on to find out. 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. Stronger revenue from Disneys Parks & Experiences segment helped to cushion losses from the DTC. Last year's stock market sell-off led shares of The Walt Disney Company ( DIS 0.15%) to plunge 44% . However, Disney's recent success with Avatar: The Way of Water could mean audiences are truly back. Capital Com is an execution-only service provider. Disney reported Q3 revenue of $17 billion, up 45% year over year, and earnings per share of $0.80, beating estimates of $0.55. It found a bottom on March 18, 2020, before making its way back to fresh highs. In the sites Disney stock forecast for 2023, Wallet Investor projected the stock to trade at $108.72 in December 2023. Here are some of the many problems Disney has endured in 2022 and 2023. 3 Dates for Disney Stock Investors to Circle in March, Stocks most and least liked by hedge funds and mutual funds - Goldman, T. Rowe Price Associates, Inc. (Investment Management), Northern Trust Investments, Inc.(Investment Management), Chairman-International Content & Operations, Chief Compliance Officer & Senior Vice President, Chief Diversity Officer & Senior Vice President, Chief Financial Officer & Senior Executive VP, Chief Human Resources Officer & Senior EVP, Chief Security Officer & Senior Vice President, EVP-Controllership, Financial Planning & Tax, Executive VP-Corporate Social Responsibility, Regional Director Bus Dev Operating Participants, Senior Executive Vice President & General Counsel, Registration on or use of this site constitutes acceptance of our. The DPEP segment includes significant lines of business like parks and experiences and consumer products. 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. financial performance of Disney, which is cyclical. risk, allowing investors to make better decisions and streamline their work ow. Discovery . Bear in mind that past performance does not guarantee future results, and never invest or trade money that you cannot afford. It only grossed roughly $156 million through late June, below its $200 million budget. But the company kept growing. This top entertainment stock should bounce back in 2022. During the earnings conference call, Iger implied that he would not sell Hulu. However, Disneys CFO Christine McCarthy said Disney+ Core subscribers were expected to only increase slightly in Q1 2022/2023 before accelerating in the next quarter. Analysts now see the stock, which has languished all year, to hit 145.51 in 12 months. ESPN: ESPN Networks, ESPN+, and international sports channels. Yes. Key Points. 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. Investors should consider buying Disney stock if they are willing to wait for two years and carefully consider their opportunity costs and potential yields in other instruments. He ultimately reached an agreement with the Disney Board, which added an ally to the Board. The acquisition included Foxs renowned film production business Twentieth Century Fox, as well as Foxs interests in streaming service Hulu, which helped the company to compete with rival streaming titan Netflix. Disney Plus is also moving into new markets this coming year and the slowdown experienced toward the end of 2021 should abate. The Disney stock price targets ranged from a low of $94 to the high of $185. CEO Bob Iger's epic return to the top spot signaled confidence on Wall Street because he developed the playbook for Disney's well-oiled money-making machine. But Disney typically outperforms other media companies in ticket sales in any given year. In a move worthy of an Oscar, Iger directed the acquisition of Marvel Studios in 2009 for $4 billion. Disney stock is now trading around levels last seen around April 2020 just as the first set of Covid-19 lockdowns roiled the broader markets. Opinions expressed by Forbes Contributors are their own. So, we could see those Disney+ subscription numbers grow even more soon. Disney stock price broke $50 in 2013, the stock price hit $75 a year later and then finally smashed the $100 ceiling in 2015. Stronger revenue from Disneys Parks & Experiences segment helped to cushion losses from the DTC. There's just so much to unpack when it comes to the world's largest (and perhaps most complex) entertainment company. Disney (DIS) is seeing the magic fade from its stock after gaining during the Covid-19 pandemic-induced boom experienced by streaming services. BREAKING: Salesforce Soars Late, Tesla Doesn't Unveil New EV. But the market is making the mistake of extrapolating one quarter's growth way out into the future. Shareholder percentage totals can add to more than 100% because some holders are included in the free float. To make the world smarter, happier, and richer. The stock hit an all-time high closing price of $201 on 8 March 2021, after California announced it would allow ballparks, stadia and theme parks to reopen for outdoor activities starting 1 April 2021. Stock Market Falls Ahead Of Inflation Report; Just A Bullish Pause? However from that point Disney, like many Dow 30 members, was part of a huge run up over the next 3 years. The DIS stock price can go up from 99.500 USD to 124.869 USD in one year. Disney stock has been a part of six stock splits since the IPO,The first post IPO stock split happened in 1967 which was a 2 for 1 stock split. Invest better with The Motley Fool. On this note, Disney is nearly doubling the amount of original content from its top brands in fiscal 2022. DIS. In early November, Disney made a surprise leadership change, reinstalling Bob Iger as CEO, in an attempt to turn things around. Disney stock has seen a major sell-off this year, declining by almost 37% year-to-date, considerably underperforming the S&P 500 which remains down by 19% over the same period. This announcement could be a catalyst for the DIS stock to find a new direction, with the possibility of it being the single most significant factor impacting the stock price in the next 18 months. I have no business relationship with any company whose stock is mentioned in this article. The Walt Disney Co. is a diversified international family entertainment and media enterprise. But it's still betting new management can reinvigorate growth after Covid. The stock also remains down by almost 50% from highs seen in 2021. Growth followed, with Disney adding 12.4 million subscribers in the third quarter ending July 3. Another activist investor, Dan Loeb, advised Disney, took a stake in the company, and pushed for change during the second half of 2022. Save over $170 and access 6 weeks of prograde stock research tools for only $49.95! Disney stock got slammed as the Dow Jones index company closed its theme parks and suspended Disney Cruise Line departures. What is DIS's Earnings Per Share (EPS) forecast for 2023-2025? It is in many respects, our future. This level of yield is unlikely to attract a significant number of new income investors, and therefore may not increase the shareholder base and value significantly. Disney has been on a downward trajectory since the beginning of 2022, despite starting strong at $157.83 on 3 January. These numbers point toward Wall Street being in the claws of a . Theme parks have been propping up the business, and they are clearly highly resilient assets, but there will also be concerns that as a cost-of-living crisis wages in key markets, it could see ticket sales or merchandise revenue weaken, Streeter wrote in a note on 21 November. However, investors were pleased with progress in slashing costs and narrowing streaming losses, even though they still came in. On the retail operation, the company sells Disney, Marvel, Pixar and Lucasfilm-branded products through retail stores and internet sites globally. In addition, rising US inflation started to bite into household spending around the time when streaming services, including Netflix, raised their subscription fees. It earns the largest affiliate fees per subscriber of any cable channel and generates cash from advertisers looking to reach adult males aged 18 to 49, a critical demographic. These fans then go on to further engage with the MCU through theater releases and content-based products. Still, considering the company's present measures as well as the past glory, the market is bullish about the stock and feels it might rally again in 2022.The Walt Disney Company, popularly. 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. It needs to first show significant improvement. The name was changed to The Walt Disney Studio at Roys suggestion. The latter has expanded very successfully across international markets based on its focus on producing local language content. The company wants a shake-up and a change of direction, and Bob Iger, who led the House of Mouse for 15 years, is clearly considered to be the best character for the job to throw a sparkle of magic back over the business, wrote Streeter of Hargreaves Lansdown. On 12/29/2022, I gave a sell rating to Disney DIS at $87.18 based on this investment theme. All rights reserved. In June, then-CEO Bob Chapek explained that "We have seen each new Disney+ original Marvel series attract incremental viewership and new subscribers that hadn't previously engaged with Marvel content on the service." Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. Your decision to invest in Disney stock should be based on your risk tolerance, investing goals, and portfolio composition. It had been sinking in the year since, but most recently moved below its 50-day moving average. Disney's previous guidance for spending on content production was between $8 billion to $9 billion by fiscal 2024. That leads to why I think Disney has a strong shot at a great year. Since reaching an all-time high closing price in March 2021, Disney stock has been spiralling down to below its pre-pandemic level. Theatrical releases, though, continue to struggle. 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. However, if you are not currently a holder of Disney shares, it may not be the best time to buy. The next stock split happened over a decade later in March 1986 when a 4 for 1 stock split took place. Iger has already answered the second question by tweaking the internal structure and organizing Disney into three core business segments as follows: Iger has no plans to sell ESPN and should not sell Hulu. Dividend). Marvel Studios and Lucasfilm have continuously produced some of the worlds highest-grossing movies through franchises such as the Marvel Cinematic Universe and Star Wars series. Learn More. I wrote this article myself, and it expresses my own opinions. Plus500. The stock is now more than 35% off its 52-week high, according to IBD MarketSmith chart analysis. We capture key trends in the Dow during and after major market crashes in our interactive dashboard analysis, Market Crashes Compared.'. I wrote this article myself, and it expresses my own opinions. The company reports fiscal fourth-quarter results in November. The other two are Pixar's Elemental and Walt Disney Studios' Haunted Mansion. Turning Red Preview Beyond Disney+, continued financial success in the Disney Parks could also be a big boost to stock. It's no surprise that you'll hear varying opinions about the company's prospects and whether or not you should buy its stock. have dropped nearly 15% so far in 2022. The Motley Fool has a disclosure policy. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. DTCs operating results were expected to improve by at least $200m in the first quarter of fiscal2023 versus the fourth quarter of2022, partly supported by increases in subscription prices, she added. The material provided on this website is for information purposes only and should not be understood as an investment advice. Discovery. The long-term . Axon Stock Lights Up On Big Earnings Beat, Taser News, Apple Is Still The Richest Company By Squatting On Your Money. Let's assess. Its like 60-years-old or around, estimating on ABC and then the 30s on Hulu. Morningstar assigned Disney a wide economic moat rating and $170 fair value estimate in its Disney stock forecast. Here it stacks up against any other studio that had a top-10 film in 2022, which includes Paramount, Universal, and Warner Bros. However, if you're looking for a stock to hold for many years, Disney is an excellent option after a sell-off. Disney is taking a page out of Netflix's playbook. Since reaching an all-time high closing price in March 2021. Follow Matt Krantz on Twitter at @mattkrantz, View Breakout Stocks & Technical Analysis, Get Free IBD Newsletters: Market Prep | Tech Report | How To Invest, Catch The Next Big Winning Stock With MarketSmith. However, the company's shares remain down 33% over the past 12 months. Management said that range will now be higher, as they ramp up spending on local and regional content. Last year Disney films won 23 Oscar nominations. The stock price is currently down 14.5% year to date, trailing the 27% return of the S&P 500 index. Since 2020, the House of Mouse's free cash flow has declined from $2.6 billion to $94 million in 2022. On 12/29/2022, I gave a sell rating to Disney DIS at $87.18 based on this investment theme. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Is this happening to you frequently? Analysts now expect EPS to jump 66% for the fiscal year ending in September 2022, followed by a 39% jump in fiscal '23, according to S&P Global Market Intelligence. 3/01/2023 If you had invested $1,000 in Disney's IPO your stock today would be worth over 3 million dollars today. Unlike Netflix, which monetizes its content investment solely via monthly subscription fees, Disney has a much larger value chain, given its theatrical business, theme parks, merchandise, and licensing operations. Consider Disney's 2022 film slate versus its competitors. Disney has become a force in the streaming business with 179 million subscribers. The site suggested the stock could reach $118.328 in three years, according to its Disney stock forecast for 2025. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. Considering that the company's latest quarter saw its entertainment and media segment report $10 million in operating losses after a costly investment in streaming content, the box office success should help Disney continue its current growth trajectory. Authors may own the stocks they discuss. Walt Disney World opened in 1971, two months before Roy's death. Meanwhile, Disney stock could rise to $121.991 in November 2027, according to the sites projection. While its theme parks and cruise businesses got hit, the entertainment giant found success with its Disney+ streaming service. That's nearly 22% below the high set on Jan. 3.". Disney CEO Bob Iger (Iger, hereinafter) said, ".. but let me also address the pricing side. You should do your own research about the stock by reading the latest DIS stock news, technical and fundamental analysis. Disney should not divest Hulu because Iger himself has said that Hulu ensures coverage of different age groups and broadens the market for its streaming services. In the surprise boardroom shuffle, Iger will serve as Disneys CEO for two years. Fourth-quarter revenue rose to $20.15bn from $18.53bn a year ago, but was 4.5% lower than consensus estimates polled by Zacks.com. And no, 2022 wasn't an exceptional year. Revenue) or per share (e.g. Join the 500.000+ traders worldwide that chose to trade with Capital.com, Also you can contact us: As of May 10th, 2022, the stock was trading at around $108.49. Since the corporate strategy is to continue focusing on streaming for sustainable profitability, Hulu is a valuable asset that supports this strategy. So far, the movie theater industry hasn't met an untimely demise, as many predicted. Disney reported a stronger than expected set of Q3 2022 results on Wednesday, sending the stock up by about 8% in pre-market trading on Thursday. Remember that markets are volatile, and that past performance cannot guarantee future results. Disney was hit by residual pandemic headwinds and a tough economy. The fourth quarter was quiet for new releases, and as a result, subscriber growth slowed to 2.1 million subscriber additions. Box N-4865, Nassau, Bahamas. There were two more 2 for 1 stock splits shortly after in 1977 and 1973. The relative strength line, which compares a stock's performance to the S&P 500, keeps heading sharply lower and hasn't found a solid bottom. NFLX Marvel's first 2023 release, Ant-Man and the Wasp: Quantumania, opened last weekend with $104 million in opening weekend sales, exceeding expectations and becoming the third-highest February opening ever. On a new IBD podcast, Jon Najarian explains 0DTE options and their unintended impact. This move may impact Disney's streaming service, and it remains to be seen how it will affect subscriber acquisition and retention. Ron DeSantis signed a bill on Monday, February 27, 2023, which gives him control of Walt Disney World's self-governing district. Walt Disney Co (The) Stock Price Forecast for 2022: November 2022: Open: 110.038: Close: 112.286: That legislation gave Disney taxing power over the 25,000 acres it had bought up so it could build roads, power plants, and water and sewage systems, using money it collected from itself through property taxes within the district boundaries. The company's name was taken from Shakespeare, whose wise fools both instructed and amused, and could speak the truth to the king -- without getting their heads lopped off. Although shares are down almost 16% from a year ago and 13% since the beginning of 2022, they've rallied over the past month and, as of the market close on Feb. 15, had regained their January loss. The CEO said his plan to cut costs by $5.5 billion will allow the company to start with a "modest" dividend and increase it over time. We expect the unique content on ESPN and Disney Channel will provide the firm with a softer landing than its peers as viewing transfers to an over-the-top world over the next decade, Macker added.. Disneys theme parks and resorts are almost impossible to replicate, especially considering the tie-ins with its franchises and other business lines, he said. Which outpaced the drop of many other non-tech stocks which fell about half the amount during that time. Disney is releasing seven other films outside of the MCU in 2023. Streaming will benefit from the new content being created at Disney and Fox television and film studios as well as the deep libraries at the studios. The services algorithm-driven forecasting system said the stock is an acceptable long-term investment. 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. The major market events for the week ahead right in your inbox. The sell-off was prompted by a combination of macroeconomic headwinds and increased competition in streaming that meant succeeding in the industry was costly. Here it stacks up against any other studio that had a top-10 film in 2022, which includes Paramount , Universal , and Warner Bros. The price, however, started to spike after 20 March 2019, following Disneys acquisition of 21st Century Fox. It's a bonus that some of these shows, such as La Casa de Papel (aka Money Heist) and Squid Game, have translated to high viewership in the U.S. and Canada too. We are not in any way stepping away from streaming. Iger's success in his previous transformations makes it possible for him to succeed in his third transformation. DMED covers global film and episodic television content production and distribution activities. The consensus 12-month average Disney share price forecast was $132.07, a 34.95% potential increase from the closing price of $97.87 on 30 November. The Motley Fool has a disclosure policy. According to data compiled by MarketBeat as of 1December2022, the consensus average analyst price target for the coming 12-month periodwas $132.07. The Walt Disney Company ( DIS -1.07%) is the subject of a wide range of opinions. Disney stock rose 13.6% on Dec. 11 following the announcements at the investors conference. Making the world smarter, happier, and richer. Disney is nearly doubling its content releases from top brands like "Star Wars" in fiscal 2022. Disney has undergone a challenging few years, to say the least. At the time of writing (1 December2022), the stock was trading at $97.64, below the pre-pandemic level. And he has the headache with Florida to deal with. The sequel to 2009's Avatar became the third highest-grossing movie of all time in February, overtaking 1997's Titanic and earning $2.24 billion globally so far. The number includes 12 million Disney+ subscribers and nine million Core Disney+ subscribers. However, Disney's stock rallied to a high of $118.18 on 2/9/2022 and closed the day at $110.36. The company forecast YoY revenue growth in the fourth quarter of 2022 to decelerate to 0.9%. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. It should be noted that conditions have already begun to change. Consider Disney's 2022 film slate versus its competitors. Disney is ending calendar 2021 with a bang, but there is much more on the way that could be explosive for subscriber growth. Here's why the stock should bounce back in 2022. Meanwhile, a return to parks and box office ticket sales will keep the company growing until then. The China Trade: Demand Boom or Inflationary Bust? 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