Disney stock is flat this year but still rated high by many analysts. Is Disney a good stock to buy in June 2021?
Is Disney a Good Stock to Buy Right Now?
While Disney’s stock price has been almost flat for the year so far, it is still up close to 50% over the last twelve months. The success of the COVID-19 vaccination campaigns has led to the reopening of its entertainment parks, a big drawdown in last year’s financial performance.
Moreover, Disney is a dividend-paying stock. It stopped paying a dividend when the pandemic started, but the chances are that it will resume its policy once things return to normal.
Finally, the company appears to have weathered the pandemic lockdowns pretty well, considering the challenges for its entertainment parks. It has already beaten expectations for its EPS for both the first and the second quarter of its fiscal year 2021, delivering impressing earnings surprises.
How to Buy Disney (NYSE:DIS) Stock?
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What is Disney?
The Walt Disney Company, or simply Disney, needs no introduction as the general public is very familiar with its popular characters. The company is a leader in the movies and entertainment industry, employing over 170,000 people worldwide. It was founded in 1923.
From Burbank, California, Disney operates as an entertainment company with operations stretching from media networks (e.g., ESPN, National Geographic, Disney), to television broadcast networks (e.g., ABC), and entertainment parks.