The Walt Disney Company is a global media and entertainment conglomerate headquartered in Burbank, California, at the Walt Disney Studios complex. Walt Disney Company has always strived to entertain, educate, and inspire people all over the world.
The Walt Disney Company Investment Plan allows you to purchase and sell shares of Disney common stock directly on the New York Stock Exchange. Our guide will show you how to open a brokerage account and start investing in Walt Disney stock.
Quick Walt Disney History
The Walt Disney Company was founded in 1923 by Walt and Roy Disney. This company operates under the names Walt Disney Studios and Walt Disney Productions. In 1940, the Walt Disney Company went public on the stock exchange for the first time. Disney sold 155,000 preferred shares for $25 each and 600,000 common stock shares for $5 each at the time.
In 1988, filmmaking reached new heights as Disney overtook the other Hollywood studios in box office gross for the first time. In 1994, Disney continued its animated movie dominance with The Lion King, which quickly became one of the highest-grossing films of all time.
With the launch of Disney Plus, the company has continued to dominate the streaming industry, with a huge catalog of fantastic films and TV shows to select from. Over 20 million people have signed up for Disney Plus in the last couple months.
The Good and the Bad of Walt Disney Stock
There are numerous potential benefits to owning stocks or shares in a company. Here are some of the pros and cons of being a Walt Disney shareholder.
Pros of Owning Walt Disney Stock
- Disney is a major conglomerate that includes well-known brands such as Pixar, Marvel, Lucasfilm, ABC, ESPN, and Hulu.
- Demand for Disney stock has increased steadily. The company’s cautious business model and consistent profits make a solid investment.
Cons of Owning Walt Disney Stock
- It is not cheap to create streaming services and constantly invest in theme park renovations.
- Disney’s earnings are predicted to fall, and its stock is valued at a premium to the market.
Outlook for Walt Disney Stock
Walt Disney’s entertainment, theme park, and movie studios account for the majority of the company’s revenue and profits.
Throughout the pandemic, the Walt Disney Company has relied on the success of Disney+. In the fiscal second year, the company gained around 14.4 million Disney+ subscribers, bringing the total to about 109 million by the end of March. Disney+, Hulu, Star, and ESPN+ are all expected to spend billions of dollars on entertainment next year. Over the last year, Disney’s stock has increased by almost 75%.
Steps to Buy Walt Disney Stock
To purchase Walt Disney stock, you must first open a brokerage account, then a trading account, deposit money, and then begin purchasing shares.
Step 1: Select a Brokerage
You must first locate a brokerage in order to purchase Walt Disney stock. You’ll need to locate a broker that can connect you to the New York Stock Exchange so that you can buy shares.
Step 2: Open the Trading Account
After you’ve selected a brokerage you’ll need to open an account with them. This account is only available through the brokerage online, and it helps you to keep track of your Walt Disney shares.
Step 3: Deposit Funds Into the Account
After you’ve linked a bank credit/debit card to your account, you’ll be able to deposit funds to purchase Walt Disney stock.
Step 4: Search for the Walt Disney Ticker Symbol
A ticker symbol is an abbreviation that is used to distinguish publicly trading shares in a company. Walt Disney stock is traded on the New York Stock Exchange, under the trading symbol DIS.
Step 5: Purchase Walt Disney Stock
You’d log into your online brokerage account, search for Walt Disney stock, enter the number of shares you want to buy, and press “Buy.” After you’ve purchased Walt Disney stock investors typically will closely watch the stock in order to maximize their returns.
Is Walt Disney Stock a Good Buy?
It’s going to be really difficult for the Walt Disney Company to impress shareholders further after reaching 100 million subscribers so quickly on Disney+. The Walt Disney stock has risen by more than 40% in the last six months and is currently trading at $180.40. For the next three months, the company is likely to outperform the S&P 500.
The latest spike was fueled by the company’s streaming division’s strong results. In the last week of April 2021, Disney reopened the original Disneyland and Disney’s California Adventure. Most of Disney’s theme parks and resorts have reopened, and its films have started to return to theaters.
The Walt Disney stock is expected to continue to rise throughout the summer. This is definitely a stock investors should consider buying. If you have any questions about if this is the right choice for you, contact a financial advisor for insight.