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 will release its second quarter 2024 financial results on May 7, 2024. The Walt Disney Co (NYSE-DIS) recently released financial results for the first quarter of 2024, in which it generated total sales of $23.91 billion, up 1.7% year-over-year. The company has total assets of $205.579 billion and equity of $103.957 billion. The company also performed very well in terms of subscribers which increased by almost 7 million. Among the most popular streaming content were theatrical titles such as Elemental, Little Mermaid and Guardians of the Galaxy 3, as well as the Ahsoka and Moving series. The company expects free cash flow for fiscal year 2024 to increase significantly over fiscal year 2023, bringing it closer to pre-pandemic years. Both the continued strong growth in the Company’s business and the Company’s pipeline of new projects will ensure good investment progress and the achievement of its targets in the future.
The company also pays a regular quarterly dividend to its shareholders. The quarterly dividend payout is $0.19 per share. The annual dividend yield is 0.67% p.a. The company also currently disclosed the dividend payment date. The last day to use the dividend in the form of purchased Walt Disney Co (NYSE-DIS) shares (Ex. Dividend Date) has been set for July 8, 2024. The dividend payment date (Pay Date) has been set for July 25, 2024. These facts have attracted multinational investment corporations and private investors to buy shares of Walt Disney Co (NYSE-DIS) specifically. The average target price with a high estimate for the short to medium term investment horizon has been set at $124.44 per share.
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