3. The Walt Disney Company (NYSE:DIS)
Flagged Overvalued by Number of Articles: 3
The Walt Disney Company (NYSE:DIS) is a Burbank, California-based diversified mass media and entertainment giant.
The stock is currently trading at an adjusted forward P/E multiple of 22.33x, representing a hefty premium of 52.8% compared to the sector median of 14.6x. The Walt Disney Company (NYSE:DIS) saw the return of former CEO and Chairman Bob Iger in November 2022 following a period of administrative difficulties since his departure in 2020. In a research note issued to investors on November 30, Hamilton Faber at Atlantic Equities highlighted that Mr. Iger needs to look at the long-term profitability of The Walt Disney Company (NYSE:DIS), which has come under pressure due to the heavy losses incurred by the company’s streaming division. The parks division is also facing significant challenges which need to be addressed. The analyst has assigned The Walt Disney Company (NYSE:DIS) stock a Neutral rating with a target price of $107.
Harding Loevner shared its stance on The Walt Disney Company (NYSE:DIS) in its Q1 2022 investor letter. Here’s what the firm said:
“The war in Ukraine has given new urgency to the question of whether globalization has reached a tipping point and if the familiar web of decentralized, just-in-time, global supply chains will be a casualty of the inward turn dividing countries into competing trading blocs. It is probably too soon to know. We sold Disney (NYSE:DIS), due to some concerns about the increasing capital intensity of its business amid signs of rising competition and slowing growth in streaming media consumption.”
The Walt Disney Company (NYSE:DIS) was held by 112 hedge funds as of Q3 2022.
