Key Points
- Disney EVP Brent Woodford sold 6,474 shares for about $725,000, reducing his holdings by 9.32% to 62,995 shares. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
- Disney’s latest quarterly results beat analysts’ EPS estimate ($2.06 versus $1.86), while revenue of $25.25 billion fell slightly short of forecasts; revenue rose 6.8% year over year.
- Analysts hold a “Moderate Buy” consensus rating, with an average price target of $128.16.
The Walt Disney Company (NYSE:DIS - Get Free Report) EVP Brent Woodford sold 6,474 shares of the business's stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $111.98, for a total value of $724,958.52. Following the completion of the transaction, the executive vice president directly owned 62,995 shares of the company's stock, valued at approximately $7,054,180.10. The trade was a 9.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Brent Woodford also recently made the following trade(s):
- On Friday, October 16th, Brent Woodford sold 2,856 shares of Walt Disney stock. The stock was sold at an average price of $111.68, for a total value of $318,958.08.
- On Thursday, October 8th, Brent Woodford sold 3,618 shares of Walt Disney stock. The shares were sold at an average price of $105.31, for a total value of $381,011.58.
- On Tuesday, September 1st, Brent Woodford sold 3,618 shares of Walt Disney stock. The shares were sold at an average price of $107.13, for a total value of $387,596.34.
- On Friday, August 14th, Brent Woodford sold 7,238 shares of Walt Disney stock. The shares were sold at an average price of $105.31, for a total value of $762,233.78.
Walt Disney Stock Performance
Shares of Walt Disney stock opened at $114.19 on Wednesday. The company has a market capitalization of $197.17 billion, a PE ratio of 23.54, a P/E/G ratio of 1.31 and a beta of 1.44. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.65 and a current ratio of 0.71. The company has a 50-day simple moving average of $107.54 and a two-hundred day simple moving average of $103.59. The Walt Disney Company has a one year low of $92.18 and a one year high of $117.09.
Walt Disney (NYSE:DIS - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The entertainment giant reported $2.06 EPS for the quarter, beating the consensus estimate of $1.86 by $0.20. Walt Disney had a net margin of 8.70% and a return on equity of 9.90%. The business had revenue of $25.25 billion during the quarter, compared to analyst estimates of $25.39 billion. During the same period in the prior year, the firm posted $1.61 earnings per share. The company's quarterly revenue was up 6.8% on a year-over-year basis. Research analysts expect that The Walt Disney Company will post 6.91 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several research analysts recently commented on the stock. Argus reiterated a "buy" rating and set a $134.00 price objective on shares of Walt Disney in a research note on Thursday, August 6th. Truist Financial set a $115.00 target price on shares of Walt Disney in a research report on Monday, August 3rd. Guggenheim restated a "buy" rating and issued a $120.00 target price on shares of Walt Disney in a research note on Monday, September 28th. Needham & Company LLC reaffirmed a "buy" rating and issued a $125.00 price target on shares of Walt Disney in a report on Friday, October 9th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and set a $126.00 price target on shares of Walt Disney in a research report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $128.16.
View Our Latest Research Report on Walt Disney
Institutional Investors Weigh In On Walt Disney
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DIS. Bank of New York Mellon Corp acquired a new position in shares of Walt Disney during the second quarter valued at about $1,386,720,000. Arrowstreet Capital Limited Partnership raised its position in shares of Walt Disney by 13.6% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 14,272,449 shares of the entertainment giant's stock valued at $1,375,579,000 after purchasing an additional 1,703,264 shares during the last quarter. Amundi boosted its stake in Walt Disney by 2.5% in the 1st quarter. Amundi now owns 11,349,651 shares of the entertainment giant's stock worth $1,093,878,000 after purchasing an additional 273,128 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Walt Disney by 2.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 7,416,858 shares of the entertainment giant's stock worth $714,736,000 after purchasing an additional 149,384 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its stake in Walt Disney by 7.7% in the 1st quarter. Janus Henderson Group PLC now owns 6,703,179 shares of the entertainment giant's stock worth $646,047,000 after purchasing an additional 480,104 shares in the last quarter. 65.71% of the stock is currently owned by hedge funds and other institutional investors.
Walt Disney News Summary
Here are the key news stories impacting Walt Disney this week:
- Positive Sentiment: Disney and WWE expanded their partnership, including a planned two-day event at ESPN Wide World of Sports at Walt Disney World. The deal could bring additional event activity and audiences to Disney’s resort and sports properties. Disney, WWE Ink Expanded Partnership
- Positive Sentiment: Disney is considering thousands of job cuts, with some managers reportedly asked to find savings of up to 20%. If executed without impairing operations, lower expenses could support profitability; CEO Josh D’Amaro reportedly intends to reinvest some savings in content, parks and cruises. Disney plans several thousand layoffs, asks some managers to cut costs by up to 20%
- Neutral Sentiment: EVP Brent Woodford sold 6,474 shares under a pre-arranged Rule 10b5-1 trading plan and retained 62,995 shares. The planned nature of the transaction makes it a limited signal about his view of Disney’s near-term prospects. SEC Form 4 filing
- Negative Sentiment: The scale of the reported layoffs and broad cost-reduction targets may raise concerns about execution, employee disruption and whether cuts could affect creative output or guest experience. The savings and reinvestment plan is not yet detailed. Disney eyes thousands of layoffs, managers asked to cut 20% in costs
About Walt Disney
(
Get Free Report)
The Walt Disney Company (NYSE: DIS) is a global entertainment and media company that develops, produces and distributes branded content through film studios, television networks and streaming services. Its portfolio includes Disney, Pixar, Marvel, Star Wars, National Geographic and other entertainment brands, with distribution through services such as Disney+ and Hulu.
Disney also operates ESPN and related sports media businesses, as well as theme parks, resorts, cruise lines and vacation experiences.
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