Walt Disney (NYSE:DIS) EVP Sells 3,618 Shares of Stock

The Walt Disney Company (NYSE:DIS) EVP Brent Woodford sold 3,618 shares of the business’s stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $117.00, for a total value of $423,306.00. Following the sale, the executive vice president directly owned 62,995 shares in the company, valued at approximately $7,370,415. The trade was a 5.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Brent Woodford also recently made the following trade(s):

• On Monday, November 2nd, Brent Woodford sold 6,474 shares of Walt Disney stock. The stock was sold at an average price of $111.98, for a total value of $724,958.52.
• On Friday, October 16th, Brent Woodford sold 2,856 shares of Walt Disney stock. The shares were 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 stock was 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 stock was sold at an average price of $105.31, for a total value of $762,233.78.

Walt Disney Price Performance

Shares of Walt Disney stock traded down $1.55 during trading on Thursday, hitting $117.40. The stock had a trading volume of 11,747,409 shares, compared to its average volume of 10,027,764. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.71 and a quick ratio of 0.65. The firm has a market cap of $202.71 billion, a P/E ratio of 24.21, a PEG ratio of 1.32 and a beta of 1.44. The business has a fifty day moving average of $107.70 and a two-hundred day moving average of $103.61. The Walt Disney Company has a fifty-two week low of $92.18 and a fifty-two week high of $120.80.

Walt Disney (NYSE:DIS) last announced its earnings results on Wednesday, August 5th. The entertainment giant reported $2.06 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.20. The business had revenue of $25.25 billion during the quarter, compared to analysts’ expectations of $25.39 billion. Walt Disney had a return on equity of 9.90% and a net margin of 8.70%. The company’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter last year, the business posted $1.61 earnings per share. On average, sell-side analysts expect that The Walt Disney Company will post 6.91 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Walt Disney

A number of hedge funds have recently modified their holdings of DIS. Guardian Wealth Management Inc. boosted its position in shares of Walt Disney by 1.0% in the 3rd quarter. Guardian Wealth Management Inc. now owns 13,660 shares of the entertainment giant’s stock valued at $1,433,000 after purchasing an additional 135 shares during the period. Team Financial Group LLC purchased a new stake in Walt Disney during the third quarter valued at about $55,000. Putney Financial Group LLC purchased a new stake in Walt Disney during the third quarter valued at about $34,000. Eads & Heald Wealth Management boosted its holdings in shares of Walt Disney by 8.2% in the third quarter. Eads & Heald Wealth Management now owns 10,046 shares of the entertainment giant’s stock worth $1,054,000 after buying an additional 758 shares during the period. Finally, Blue Bell Private Wealth Management LLC boosted its holdings in shares of Walt Disney by 13.7% in the third quarter. Blue Bell Private Wealth Management LLC now owns 2,467 shares of the entertainment giant’s stock worth $259,000 after buying an additional 298 shares during the period. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DIS has been the subject of a number of research analyst reports. Weiss Ratings raised shares of Walt Disney from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, October 9th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Walt Disney in a research note on Monday, September 28th. Raymond James Financial dropped their target price on shares of Walt Disney from $120.00 to $119.00 and set an “outperform” rating on the stock in a report on Monday, October 5th. Barclays increased their target price on shares of Walt Disney from $110.00 to $115.00 and gave the company an “overweight” rating in a research note on Thursday, August 6th. Finally, Truist Financial set a $115.00 target price on shares of Walt Disney in a research note on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Walt Disney has a consensus rating of “Moderate Buy” and a consensus price target of $128.16.

Key Stories Impacting Walt Disney

Here are the key news stories impacting Walt Disney this week:

• Positive Sentiment: One bullish commentary argues Disney is growing faster than it has in more than three years and that its shares trade at less than 16 times the coming fiscal year’s projected profit. This is an opinion piece, rather than new company guidance. Bullish view on Disney stock
• Positive Sentiment: ETFs reportedly purchased $56.5 million of Disney shares on Nov. 3, a potentially supportive sign of fund demand, though a single day’s flows do not establish a lasting trend. ETF purchases of Disney stock
• Neutral Sentiment: Pixar named Jonathan Garson president as Jim Morris steps back. The leadership change could affect the studio over time, but the report provides no immediate financial implications. Pixar leadership change
• Negative Sentiment: Reports say Disney is considering thousands of job cuts and has asked some managers to target 20% in annual savings, with some savings potentially redirected to areas such as parks, cruises and programming. At a town hall, employees pressed leaders for details on timing, but the reports offer no firm schedule or confirmed scale. The prospect of lower costs may support profitability, while uncertainty and employee concerns create execution and morale risks. Disney employees seek answers on possible layoffs

About Walt Disney

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.