Written by 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. $7.42bn, jumping 36% from the year-ago period of $5.45bn. ) Invest better with The Motley Fool. 3 Dates for Disney Stock Investors to Circle in March, Disney Can't Make a Multiplex Mountain Out of an Ant Hill, This Could Be a Reason Disney Stock Soars This Year, Disney World to Loosen Reservation Regulations, 2 FAANG Stocks Billionaires Are Selling in Droves and 1 They Can't Stop Buying, 2 Growth Stocks That Can Turn $250,000 Into $1 Million by 2030, This State Has the Highest Real Estate Taxes (and It's Not Even Close), Disney still has a mountain to climb to get its flagship, Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, Motley Fool Issues Rare All In Buy Alert, Copyright, Trademark and Patent Information. It's a new calendar year for Walt Disney (NYSE: DIS) investors, and so far, 2023 looks pretty good. The latest Disney stock news that moved the Disney stock price today came from its diluted first-quarter earnings report for 2022. On 12/29/2022, I gave a sell rating to Disney DIS at $87.18 based on this investment theme. 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. Disney is not a buy right now. The chart above illustrates how its revenue and operating income remained nearly stagnant for most of 2021, but have shown immense improvement with pandemic reopenings. Chart by author. When you think about it, Abbott Elementary airs on ABC, then it goes to Hulu. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. 2023, Nasdaq, Inc. All Rights Reserved. During Igers leadership from 2005 to 2020, Disney expanded its business with acquisitions of blockbuster-producing film studios Pixar, Marvel, Lucasfilm and 21st Century Fox. Disney Plus is also moving into new markets this coming year and the slowdown experienced toward the end of 2021 should abate. . The difference between trading assets and CFDs. Disney is releasing seven other films outside of the MCU in 2023. 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. It needs to first show significant improvement. 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. Key Points. However from that point Disney, like many Dow 30 members, was part of a huge run up over the next 3 years. Capital Com Online Investments Ltd is a limited liability company with company number 209236B. Media and . Both Nasdaq (32.7% down from its peak) and Dow Jones (17% below its peak) are also presenting slumps. Disney is ending calendar 2021 with a bang, but there is much more on the way that could be explosive for subscriber growth. Author's Comment in January 2023. That's nearly 21% potential upside. If you had invested $1,000 in Disney's IPO your stock today would be worth over 3 million dollars today. In a move worthy of an Oscar, Iger directed the acquisition of Marvel Studios in 2009 for $4 billion. Analysts now see the stock, which has languished all year, to hit 145.51 in 12 months. In November, Disney released Peter Jackson's Beatles documentary and Marvel's Hawkeye. Meantime, theme park revenue picked up. He has credibility. Disney started off the year strong with the release of Marvel's Wanda Vision,The Falcon and the Winter Soldier, and Loki -- all original series released as Disney+ exclusives. Our priority is the enduring growth and profitability of our streaming business. -2.08%. Source: FactSet. Historical Disney stock price data showed that from July 2017 to March 2019, the stock value fluctuated between $98 and $116 a share. "We are intent on reducing our debt," Iger said on 2/9/2023 during an interview on CNBC. Is this happening to you frequently? As Netflix (NFLX -2.69%) has demonstrated over the last 10 years, content releases lead to subscriber growth. Localized content can drive worldwide subscriber growth. 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. While revenue rose 26% year-over-year to. It also licenses characters from its film, television and other properties for use on third-party products and earns royalties. 2009 was a tough year for Disney and the market as a whole. In August 2011 Disney saw its stock price drop nearly 14% in one day after a number of multiple analysts downgraded it. In addition, Disney announced solid earnings, with an increase in revenue and beating EPS estimates for the fiscal Q1:2023. Investors probably shouldnt worry too much about the rising investments Disney is making into its content and streaming operations. Last year Disney films won 23 Oscar nominations. There are 1.82 billion Disney shares outstanding, which places the stocks total value at $174.30bn as of 30 November 2022, according to Companiesmarketcap. What are analysts forecasts for Walt Disney stock? Invest with Trefis Market Beating Portfolios. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. Disney was also given the authority, which it never exercised, to build a nuclear power plant and an . its popular franchises like Marvel and Star Wars in the fourth quarter of 2022 on Disney Plus, according . The price, however, started to spike after 20 March 2019, following Disneys acquisition of 21st Century Fox. In early November, Disney made a surprise leadership change, reinstalling Bob Iger as CEO, in an attempt to turn things around. The Disney stock price targets ranged from a high of $185and a low of $94. DIS. 2022 highest-grossing films by parent company. 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. All these stock splits work out as 1 share purchased at IPO being the worth 384 shares today. However, Disney's stock rallied to a high of $118.18 on 2/9/2022 and closed the day at $110.36. Box N-4865, Nassau, Bahamas. Disney stock is listed on the New York Stock Exchange (NYSE) under the ticker DIS. However, if you're looking for a stock to hold for many years, Disney is an excellent option after a sell-off. Always conduct your own due diligence by reviewing the most recent analyst commentary, Disney stock news, technical and fundamentals analysis. Furthermore, Disney paid $900m for Major League Baseballs remaining 15% stake in the streaming company BAMTech (MLB), according to a SEC filing on 30 November. Our high-quality portfolio and multi-strategy portfolio have beaten the market consistently since the end of 2016. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Which outpaced the drop of many other non-tech stocks which fell about half the amount during that time. ESPN remains the premier domestic sports television network due to its extensive sports programming. 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. The landscape looks a lot different these days, but some things never change, such as James Cameron's stunning ability to create incredible sales-generating films, and Disney's ability to find people like him and churn out new hits from reliable franchises. Of course, analysts are measuring the company's performance against management's guidance that Disney+ will reach between 230 million to 260 million subscriptions by fiscal 2024. Disney is nearly doubling its content releases from top brands like "Star Wars" in fiscal 2022. The California-based companys businesses include media networks, studio entertainment, interactive media, consumer products, theme parks and resorts. The first memo Iger sent out in his smashing return to the CEO role centered around giving Disney's creatives more control in the distribution process. But the House of Mouse remains on a promising path. 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. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. 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. Revenue for fiscal '21 grew 20% to $72.99 billion. Making the world smarter, happier, and richer. And the gains are not over yet. 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. 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. Since then, Disney cleared several buy points en route to a March 8 record high last year. Capital Com is an execution-only service provider. 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. The stock trades at about 25x consensus 2022 earnings and about 19x consensus 2023 earnings and things should only get better as streaming eventually contributes to Disneys bottom line. Consumer Products operations consist of licensing and retail. A second location in Orlando, Fla., was announced in 1965. The DIS stock price can go up from 99.500 USD to 124.869 USD in one year. As of 1 December2022, analysts tracked by MarketBeat gave Disney stock a moderate buy rating. Disney has been on a downward trajectory since the beginning of 2022, despite starting strong at $157.83 on 3 January. Three are sequels in a franchise (Indiana Jones and the Dial of Destiny, Guardians of the Galaxy Vol. View the latest Walt Disney Co. (DIS) stock price, news, historical charts, analyst ratings and financial information from WSJ. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. Walt Disney Co (The) Stock Price Forecast for 2022: November 2022: Open: 110.038: Close: 112.286: Walt Disney Co. reported Q1 profit that fell substantially short of analysts' expectations which sent the stock price to a 10% decline in after-hours trading. In 2020, Disney pleased its shareholders with around 25% stock return. 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. Discovery . Iger also told investors that it has new sequels in the works for Frozen, Toy Story, and Zootopia. We are not in any way stepping away from streaming. The number includes 12 million Disney+ subscribers and nine million Core Disney+ subscribers. This overvaluation may be due to investors' confidence that growth will increase following Iger's restructuring efforts. Image source: Walt Disney. I believe Hulu is a strategic fit and should not be sold. There are several factors weighing the stock down. The Motley Fool recommends Comcast and recommends the following options: long January 2024 $145 calls on Walt Disney and short January 2024 $155 calls on Walt Disney. 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. It's still recovering, but hit films are drawing in viewers. It's no surprise that you'll hear varying opinions about the company's prospects and whether or not you should buy its stock. For 2023 fiscal year, Disneyexpected to spend cash content in the low of $30bn and $6.7bn of capital expenditure, up from $5bn in the 2022 fiscal year, McCarthy said. Disneys stock price steadily grew during these stock split periods finally going past $25 in 1997, there was slight tumultuous period over the next few years but Disneys stock price was most hit in the early part of the next decade. The name was changed to The Walt Disney Studio at Roys suggestion. Disney Dividend History ( https://www.streetinsider.com/dividend_history.php?q=DIS). The Walt Disney Company ( DIS -1.07%) is the subject of a wide range of opinions. As of July 2022, the company operates two main business segments: Disney Media and Entertainment Distribution (DMED), and Disney Parks, Experiences and Products (DPEP). 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. At the time of writing (1 December2022), the stock was trading at $97.64, below the pre-pandemic level. CEO Bob Chapek, former chairman of Disney Parks, Experiences and Products, was named new chief executive after Bob Iger stepped down in February 2020. Disney+ added only 2.1 million subscribers last quarter, which left Disney's share price on a downward spiral in 2021. It actually lost subscribers in the fourth quarter, and losses were still staggering. Build a CFD portfolio with your favourite companies. Discovery. Theatrical releases, though, continue to struggle. Netflix (NFLX) also reported slowing revenue growth in the third quarter of 2022, ending September with year-on-year revenue growth of 5.9% compared to 16.3% in the same period of 2021. While its theme parks and cruise businesses got hit, the entertainment giant found success with its Disney+ streaming service. 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. Your decision to invest in Disney stock should be based on your risk tolerance, investing goals, and portfolio composition. Type a symbol or company name. ESPN: ESPN Networks, ESPN+, and international sports channels. The Motley Fool owns and recommends Netflix and Walt Disney. Discovery. ET by MarketWatch Automation All 30 Dow stocks are falling, led by Boeing, Salesforce and Disney Feb. 24,. However, as the pandemic progressed to a more manageable stage, with Covid-19 restrictions being gradually lifted in line with rising vaccine roll-out, the streaming boom started to fade and Disneys stock subsequently has given up its gains. It only grossed roughly $156 million through late June, below its $200 million budget. And so we are going to monitor it very carefully. Disney Parks, Experiences, and Products: theme parks, resort destinations, and cruise line, Disney's consumer products, games, and publishing businesses. In the sites Disney stock forecast for 2023, Wallet Investor projected the stock to trade at $108.72 in December 2023. That makes Disney one of the worst . 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. 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. As noted earlier, fiscal '21 EPS rose. In early November, Disney made a surprise leadership change, reinstalling Bob Iger as CEO, in an attempt to turn things around. What is DIS's Earnings Per Share (EPS) forecast for 2023-2025? So, we could see those Disney+ subscription numbers grow even more soon. 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. The investment case for Disney hinges on the growth of Disney+, so it's understandable for the stock to trade in line with the rate of subscriber growth, but the market overreacted to Disney's results last quarter. Throughout its near century-long history, Disney has grown into a multi-billion-dollar business, famous for its flagship family-oriented brands. Reaching millions of people each month through its website, books, newspaper column, radio show, television appearances, and subscription newsletter services, The Motley Fool champions shareholder values and advocates tirelessly for the individual investor. Our current forecasts indicate Disney+ will hit profitability by the end of fiscal 2024 and achieving that remains our goal. Of multiple analysts downgraded it beginning of 2022, despite starting strong at $ 108.72 December! Hold for many years, content releases lead to subscriber growth stock recommendations, portfolio guidance, portfolio! A number of multiple analysts downgraded it Investor projected the stock, which it never exercised, to a. $ 87.18 based on your risk tolerance, Investing goals, and composition... Do not make any representations or warranty on will disney stock go up in 2022 accuracy or completeness of the that! 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