Investors are Bullish About Walt Disney

Walt Disney World ( DIS +0.3%) proposed  reopening in Orlando, Fla., with the Magic Kingdom and Animal Kingdom restarting July 11. Walt Disney (NYSE:DIS)  Jim MacPhee announces EPCOT and Hollywood Studios would follow with their own reopening on July 15.

But will the experience be like re-opening Walt Disney (NYSE:DIS)  the world’s most magical kingdom among a pandemic? Social distancing practices and safety are the parks number one concern. While things will be different for a while, Walt Disney (NYSE:DIS) is showing the world to come an embrace the wonderful experience’s we all need at this time.

With $14.3 billion of cash reserves and another $17.3 billion of untapped credit lines, Disney has been able to survive the recent pandemic. The entertainment industry has been shut down in regard to production. Disney+ video-streaming service is doing well  since parents and kids are home and look to Disney + original content for family fun entertainment.

“Bob Chapek is Chief Executive Officer of The Walt Disney Company, one of the world’s largest media and entertainment companies and home to some of the most respected and beloved brands around the globe, including Disney, Pixar, Marvel, Star Wars, ESPN and National Geographic.” Source: Walt Disney Company

54.5 million Disney+ subscribers as of May 4, which is up over 20 million from the 33.5 million it reported for the quarter ended on March 2, 2020. NBA in talks to resume play at Disney’s ESPN Wide World of Sports Complex

Despite setbacks, Walt Disney (NYSE:DIS)  has climbed over 40% since March 23,2020 to top the S&P 500’s 32% climb and its industry’s 28%.

Top Institutional Holders

Top Institutional Holders
Holder Shares Date Reported % Out Value
Vanguard Group, Inc. (The) 137,817,502 30-Mar-20 7.63% 13,313,170,693
Blackrock Inc. 114,580,937 30-Mar-20 6.34% 11,068,518,514
State Street Corporation 74,952,278 30-Mar-20 4.15% 7,240,390,054
State Farm Mutual Automobile Insurance Co 38,198,849 30-Mar-20 2.11% 3,690,008,813
Morgan Stanley 27,471,116 30-Mar-20 1.52% 2,653,709,805
Geode Capital Management, LLC 25,676,528 30-Mar-20 1.42% 2,480,352,604
Bank of America Corporation 24,391,056 30-Mar-20 1.35% 2,356,176,009
Market Cap 219,136,461,887
P/E Ratio 40.99
Forward P/E 1 Yr. 57.87
Earnings Per Share(EPS) $2.96
Annualized Dividend $1.76
Ex Dividend Date 13-Dec-19
Dividend Pay Date 16-Jan-20
Current Yield 1.49%

We see  Disney stock is a screaming buy and  believe the stock once gain will reach new highs easily as the economy improves. Longer term investors should seriously buy Disney.

 

 

 

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Photo Credit:https://www.flickr.com/photos/disneyabc/35531762030

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