The Walt Disney Co. (NYSE-DIS) was founded by Mr. Walt Disney and Roy Disney on October 16, 1923 in Los Angeles, California, USA. Its business segments include – Media Networks, theme parks and resorts, interactive products, and consumer promotional products. The Media Networks segment includes cable, terrestrial and satellite broadcasting, distribution of television shows and radio stations. The Walt Disney Co (NYSE-DIS) also broadcasts in the entertainment segment, social events and animated films, recorded music, and live theatrical plays. The company owns theme parks and resorts and operates Walt Disney World Resort in Florida, which includes theme parks, hotels, restaurants, sports complexes, convention centers, campgrounds, golf courses, and water sports parks. The Walt Disney Co. (NYSE-DIS) also owns and operates Disneyland Resort in California, Disney Vacation Club and Disney Cruise Line. The company also operates the Disneyland Resort in Paris, the Disneyland Resort in Hong Kong and the Disney Resort in Tokyo, Japan. The company employs 225,000 tribal workers.
The company recently released its financial results for fiscal year 2023. The company generated total sales of $88.898 billion for fiscal year 2023, which increased 7% year-over-year. The company earned a net profit of USD 2.354 billion. Total assets are USD 205.579 billion. Shareholders’ equity of USD 103.957 billion. The company also performed very well for the fourth quarter, with nearly 7 million more subscribers. The most popular streaming content included theatrical titles such as Elemental, Little Mermaid and Guardians of the Galaxy 3rd, as well as the Ahsoka and Moving series. The company expects free cash flow for fiscal year 2024 to increase significantly from fiscal year 2023, approaching pre-pandemic years. Both the continued strong growth in the Company’s business and the pipeline of new projects will ensure that the Company will have good investment progress and meet its targets in the future.
The Company expects free cash flow for fiscal 2024 to increase significantly from fiscal 2023, approaching pre-pandemic levels. This continued strong growth in free cash flow, as well as the Company’s upcoming new projects, will ensure the Company’s investment and shareholder goals for the future. The company also pays a regular quarterly dividend. The quarterly dividend payout is $0.3 per share. The annual dividend yield is 0.32%. The average target price for the short- to medium-term investment horizon has been set at $107.89 per share.
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