Walt Disney (NYSE:DIS) EVP Sells $423,306.00 in 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 shares were sold at an average price of $117.00, for a total value of $423,306.00. Following the completion of the transaction, the executive vice president directly owned 62,995 shares of the company’s stock, valued at $7,370,415. The trade was a 5.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available 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 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 stock was sold at an average price of $111.68, for a total transaction of $318,958.08.
• On Thursday, October 8th, Brent Woodford sold 3,618 shares of Walt Disney stock. The stock was sold at an average price of $105.31, for a total transaction 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 transaction 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 transaction of $762,233.78.

Walt Disney Stock Performance

Shares of NYSE DIS opened at $116.72 on Friday. The company’s fifty day moving average price is $108.05 and its 200 day moving average price is $103.68. The Walt Disney Company has a 1 year low of $92.18 and a 1 year high of $120.80. The company has a market capitalization of $201.53 billion, a PE ratio of 24.07, a price-to-earnings-growth ratio of 1.35 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.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Wednesday, August 5th. The entertainment giant reported $2.06 earnings per share for the quarter, beating analysts’ consensus estimates of $1.86 by $0.20. The company had revenue of $25.25 billion during the quarter, compared to analysts’ expectations of $25.39 billion. Walt Disney had a net margin of 8.70% and a return on equity of 9.90%. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.61 earnings per share. On average, research analysts predict that The Walt Disney Company will post 6.93 earnings per share for the current year.

Institutional Trading of Walt Disney

Several institutional investors have recently modified their holdings of DIS. Highland Investment Advisors LLC acquired a new position in shares of Walt Disney during the 2nd quarter worth about $25,000. Marquette Asset Management LLC boosted its holdings in Walt Disney by 316.4% in the 2nd quarter. Marquette Asset Management LLC now owns 279 shares of the entertainment giant’s stock worth $27,000 after buying an additional 212 shares during the last quarter. Putney Financial Group LLC acquired a new stake in Walt Disney in the 3rd quarter worth about $34,000. Ballast Advisors LLC purchased a new stake in Walt Disney during the 1st quarter worth approximately $37,000. Finally, Boit C F David purchased a new stake in Walt Disney during the 3rd quarter worth approximately $42,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Weiss Ratings upgraded Walt Disney from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, October 9th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Walt Disney in a report on Tuesday, October 6th. Wall Street Zen downgraded Walt Disney from a “buy” rating to a “hold” rating in a research report on Saturday. Argus reissued a “buy” rating and issued a $134.00 price objective on shares of Walt Disney in a report on Thursday, August 6th. Finally, Benchmark restated a “buy” rating on shares of Walt Disney in a research report on Monday, August 31st. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $128.16.

Walt Disney News Roundup

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

About Walt Disney

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.