Company Update (NYSE:DIS): Shareholders Re-Elect 11 Directors at The Walt Disney Company Annual Meeting

[Business Wire] – Shareholders of The Walt Disney Company at the 2016 Annual Meeting today elected 11 members of the Board of Directors and supported Board recommendations on the Company’s auditor, the advisory vote on executive compensation, and amendments to the restated certificate of incorporation, based on preliminary results. Read more on this. The Walt Disney Company (DIS) , with a current value of $161.07B, started the session at $97.79. Today’s price range has been between $96.89 and $98.75 per share and has traded between $86.25 and $122.08 over the past 12 months. DIS shares are currently priced at 16.61x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s -0.88x earnings multiple. And for income investors, the company pays shareholders $1.42 per share annually in dividends, yielding 1.49%. Consensus earnings for the current quarter by the 30 sell-side analysts covering the stock is an estimate of $1.40 per share, which would be $0.17 better than the year-ago quarter and a $0.01 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $5.84, which would be a $0.69 improvement when compared to the last year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $13.22 Billion. If realized, that would be a 6.10% increase over the year-ago quarter. Recently, Piper Jaffray upgraded DIS from Neutral to Overweight (Mar 3, 2016). Previously, Atlantic Equities downgraded DIS from Overweight to Neutral. Investors should keep in mind is that the average price target is $108.39, which is 10.84% above where the stock opened this morning. See more in (NYSE:DIS) Similar Articles: Market Update: The Walt Disney Company (NYSE:DIS) – The Walt Disney Company to Webcast Its Annual Meeting of Shareholders Company Update: The Walt Disney Company (NYSE:DIS) – The Walt Disney Company Executives to Discuss Fiscal First Quarter 2016 Financial Results via Webcast Company Update: The Walt Disney Company (NYSE:DIS) – The Walt Disney Company Executives to Discuss Fiscal Full Year and Fourth Quarter 2015 Financial Results via Webcast