Investing in stocks is ideal for an investor who is looking for capital growth. Out of all the ways you can invest your money, stocks are the ones that will give you the highest rate of return. But investing in stocks is also risky. The stock market is volatile and there is no guarantee that the market conditions will prevail for a certain period of time. If you are an investor looking to buy stocks, you must conduct your due diligence on the stocks you are considering to buy. Do your research on which industries and which companies are doing well and check their financial ratings to be sure if it is the right pick for you.
The entertainment industry contributes significantly to a country’s economy. The products and services produced from this sector are something that every individual at some point in life has used. The movies we watch, the tv shows we enjoy at home, the commercials we see, the books we read, the cartoons kids watch and many other things are a product of this industry. Investing in these companies will not only help them grow but it will also be beneficial for your portfolio, as such companies are capable of providing good returns to their investors.
Walt Disney Co. is one of the most successful companies in the entertainment industry. Established in 1923 by Walt Disney and Roy O. Disney, the company was formerly known as Disney Brothers Cartoon Studio (1923-1926), The Walt Disney Studio (1926-1929), and Walt Disney Productions (1929-1986). The company is headquartered in Burbank, California. The company became really famous with its animated creation of Mickey Mouse, created by Walt Disney. It became so popular that it is loved by kids even today. Since then the company has ventured into several other business segments. Its film studio division comprises well-known studios like Pixar, Marvel Studios, 20th Century Studios, etc. Its other segment is involved in mass media business such as broadcasting, steaming services, publishing, theme park resorts, television, consumer products, etc. The company’s streaming service ‘Disney+’ is a major competitor to the streaming giant Netflix.
The Walt Disney Co.’s stocks are listed at ‘NYSE DIS’ on the New York Stock Exchange. The company’s stock is a component of the Dow Jones Industrial Average index. It is currently being traded for $173.43. The price target of this stock in one year is $161.41, indicating a potential downside of 6.9% from its current price. The company reported revenue of $14.71 billion in the last quarter and reported an EPS of -$0.20 in the last quarter, $0.48 higher than analyst estimates. You can check the DIS news at https://www.webull.com/newslist/nyse-dis before investing.