The Walt Disney Company (NYSE:DIS – Get Free Report) EVP Horacio Gutierrez sold 20,552 shares of Walt Disney stock in a transaction dated Thursday, November 5th. The stock was sold at an average price of $120.00, for a total value of $2,466,240.00. Following the completion of the sale, the executive vice president owned 37,765 shares of the company’s stock, valued at $4,531,800. The trade was a 35.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Walt Disney Price Performance
Shares of NYSE:DIS opened at $116.72 on Friday. 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 firm has a market cap of $201.53 billion, a price-to-earnings ratio of 24.07, a price-to-earnings-growth ratio of 1.35 and a beta of 1.44. The business has a 50-day simple moving average of $108.05 and a two-hundred day simple moving average of $103.68. 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 – Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The entertainment giant reported $2.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.86 by $0.20. Walt Disney had a net margin of 8.70% and a return on equity of 9.90%. The firm had revenue of $25.25 billion for the quarter, compared to the consensus estimate of $25.39 billion. During the same quarter last year, the firm posted $1.61 EPS. The business’s quarterly revenue was up 6.8% compared to the same quarter last year. On average, analysts expect that The Walt Disney Company will post 6.93 earnings per share for the current year.
Analyst Ratings Changes
Several research firms have weighed in on DIS. Guggenheim reiterated a “buy” rating and issued a $120.00 price target on shares of Walt Disney in a research report on Monday, September 28th. Weiss Ratings raised Walt Disney from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, October 9th. Citigroup lifted their price objective on Walt Disney from $135.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, October 16th. Needham & Company LLC reiterated a “buy” rating and set a $125.00 price objective on shares of Walt Disney in a research note on Friday, October 9th. Finally, Barclays increased their target price on shares of Walt Disney from $110.00 to $115.00 and gave the stock an “overweight” rating in a report on Thursday, August 6th. 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $128.16.
Institutional Investors Weigh In On Walt Disney
Several institutional investors and hedge funds have recently modified their holdings of the stock. Bank of New York Mellon Corp bought a new position in shares of Walt Disney during the second quarter valued at approximately $1,386,720,000. Diamond Hill Capital Management LLC Investment Advisor purchased a new position in Walt Disney during the second quarter valued at approximately $225,392,000. Arrowstreet Capital Limited Partnership increased its holdings in Walt Disney by 13.6% during the first quarter. Arrowstreet Capital Limited Partnership now owns 14,272,449 shares of the entertainment giant’s stock valued at $1,375,579,000 after buying an additional 1,703,264 shares during the period. Great Lakes Advisors LLC bought a new position in Walt Disney in the second quarter worth approximately $130,042,000. Finally, Danske Bank A S bought a new position in Walt Disney in the second quarter worth approximately $105,483,000. Institutional investors own 65.71% of the company’s stock.
Key Walt Disney News
Here are the key news stories impacting Walt Disney this week:
- Positive Sentiment: Disney’s animated film Hexed is projected to generate $40 million–$50 million over the Thanksgiving box-office stretch. That forecast offers a possible theatrical boost, though it is an estimate rather than a result. Thanksgiving box-office projections
- Positive Sentiment: Walt Disney World is extending park hours for Thanksgiving week, a seasonal move that may help accommodate visitor demand and support park spending. Thanksgiving park hours
- Neutral Sentiment: EVP Brent Woodford sold 3,618 shares under a pre-arranged Rule 10b5-1 plan and still held 62,995 shares afterward, making the sale a limited signal about his outlook. SEC Form 4 filing
- Negative Sentiment: Reports say Disney is seeking savings of up to 20% and considering thousands of job cuts. Lower expenses could improve profitability if savings are achieved, but the scale of the reductions and employee uncertainty raise concerns about execution and possible effects on operations. Reports on planned cost savings and layoffs
- Negative Sentiment: A recent analysis says Netflix is pulling ahead of Disney, reinforcing concerns about competition in streaming. The article’s headline frames the issue as a potential buying opportunity, but the competitive gap remains a risk for Disney’s growth outlook. Analysis of Disney and Netflix competition
Walt Disney Company Profile
The Walt Disney Company is a global entertainment and media company whose businesses include film and television production, streaming, sports programming, and theme parks and resorts. Its brands and properties include Disney, Pixar, Marvel, Star Wars, ABC, and ESPN.
Disney produces and distributes films and television programs, operates streaming services including Disney+ and Hulu, and provides sports content through ESPN. Its Experiences business operates theme parks and resorts, cruise ships, and other travel and consumer experiences based on the company’s characters and stories.
Founded in 1923 by Walt Disney and Roy O.
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