Ever wondered what your child’s college savings might look like if you had decided to put a little Disney magic to work for you 20 years ago? If you’d invested $1,000 in Walt Disney (NYSE:DIS) stock back then, you’d have watched that magical sum transform into approximately $4,713 today through a combination of stock price appreciation and dividends.
Back in 2004, Disney’s shares were priced around $22. Fast forward to present day, and those shares are now trading at $90.53 each. Owning 45 shares would mean your initial investment, bewitchingly, morphed to $4,074 just from price increases. And, adding to this enchantment, dividends contributed an extra sprinkle of magic, accumulating $639 over two decades.
But how does this magic stack up against other investments? While Disney’s appreciation of 371.3% sounds impressive, it’s actually a bit shy of the S&P 500’s total return of 540.32% over the same period. Nevertheless, Disney retains its allure for growth-focused investors, who can see further potential given its projected 2024 upswing.
Looking ahead, the forecast for Disney remains optimistic. Leading analysts not only encourage a “Buy” rating but also predict a potential 37% rise based on their price target of $124.26. The recent financials show promise too. Q3 2024 saw Disney not just meet but surpass expectations with revenues at $23.16 billion and a profit with an EPS of $1.39, exceeding the anticipated $1.20.
Interested to see how other Disney enthusiasts feel about this 20-year journey of stock magic? Share your thoughts and experiences in the comments below – your Disney tale might just inspire the next magical investor!
Source: David Kirakosyan
