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

The Walt Disney Company (NYSE:DIS) EVP Brent Woodford sold 3,618 shares of the firm’s stock in a transaction dated 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 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 accessible 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 shares were 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 transaction 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 transaction of $762,233.78.

Walt Disney Stock Performance

DIS stock opened at $117.40 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 stock has a market cap of $202.71 billion, a P/E ratio of 24.21, a P/E/G ratio of 1.38 and a beta of 1.44. The firm has a 50 day simple moving average of $107.86 and a 200 day simple moving average of $103.64. The Walt Disney Company has a 52 week low of $92.18 and a 52 week high of $120.80.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Wednesday, August 5th. The entertainment giant reported $2.06 EPS for the quarter, beating analysts’ consensus estimates of $1.86 by $0.20. The firm had revenue of $25.25 billion for the quarter, compared to the consensus estimate 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 was up 6.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.61 earnings per share. Research analysts anticipate that The Walt Disney Company will post 6.91 earnings per share for the current fiscal year.

More Walt Disney News

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

• Positive Sentiment: Disney is reportedly considering thousands of job cuts as managers seek savings of up to 20%. If the company achieves those efficiencies while preserving its businesses, lower costs—and planned reinvestment in areas such as parks, cruises and programming—could support profitability. Disney Is Planning Thousands of Layoffs in Search of 20% Cost Savings
• Neutral Sentiment: EVP Brent Woodford sold 3,618 shares under a pre-arranged Rule 10b5-1 trading plan and retained 62,995 shares. The planned sale may be a limited signal of his view of the stock. SEC Form 4 filing
• Negative Sentiment: Disney employees pressed management for details at a town hall about when another round of cuts might happen. The reported scale of the reductions and uncertainty about timing could unsettle staff and raise investor concerns about execution and potential effects on content or guest experience. Disney employees press management for details on possible layoffs

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on DIS. Needham & Company LLC reaffirmed a “buy” rating and issued a $125.00 price target on shares of Walt Disney in a research note on Friday, October 9th. Rosenblatt Securities reissued a “buy” rating and set a $126.00 price objective on shares of Walt Disney in a research report on Thursday, August 6th. Raymond James Financial lowered their target price on Walt Disney from $120.00 to $119.00 and set an “outperform” rating on the stock in a research note on Monday, October 5th. Benchmark restated a “buy” rating on shares of Walt Disney in a research note on Monday, August 31st. Finally, Barclays upped their target price on Walt Disney from $110.00 to $115.00 and gave the stock an “overweight” rating in a research 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 assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $128.16.

Institutional Trading of Walt Disney

Several large investors have recently added to or reduced their stakes in the business. Guardian Wealth Management Inc. raised its holdings in shares of Walt Disney by 1.0% in the third quarter. Guardian Wealth Management Inc. now owns 13,660 shares of the entertainment giant’s stock valued at $1,433,000 after buying an additional 135 shares during the last quarter. Team Financial Group LLC acquired a new position in Walt Disney during the 3rd quarter worth about $55,000. Putney Financial Group LLC acquired a new position in Walt Disney during the 3rd quarter worth about $34,000. Eads & Heald Wealth Management grew its holdings in Walt Disney by 8.2% during the 3rd quarter. Eads & Heald Wealth Management now owns 10,046 shares of the entertainment giant’s stock worth $1,054,000 after acquiring an additional 758 shares during the last quarter. Finally, Blue Bell Private Wealth Management LLC grew its holdings in Walt Disney by 13.7% during the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 2,467 shares of the entertainment giant’s stock worth $259,000 after acquiring an additional 298 shares during the last quarter. 65.71% of the stock is owned by institutional investors.

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.