Rep. Kevin Hern Sells Shares of The Walt Disney Company (NYSE:DIS)

Key Points

• Rep. Kevin Hern sold $15,001–$50,000 of Disney shares on August 10 from his family revocable trust, amid a broader series of sales across several other companies.
• Disney’s latest quarterly earnings beat expectations, with EPS of $2.06 versus the $1.86 consensus, while revenue rose 6.8% year over year to $25.25 billion.
• Analysts maintain a favorable outlook, with a “Moderate Buy” consensus and an average price target of $127.61, though Disney faces potential legal and licensing costs from a European patent injunction.

Representative Kevin Hern (Republican-Oklahoma) recently sold shares of The Walt Disney Company NYSE: DIS. In a filing disclosed on September 01st, the Representative disclosed that they had sold between $15,001 and $50,000 in Walt Disney stock on August 10th. The trade occurred in the Representative's "HERN FAMILY REVOCABLE TRUST" account.

Representative Kevin Hern also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Marsh & McLennan Companies NYSE: MRSH on 8/24/2026.
• Sold $15,001 - $50,000 in shares of Medtronic NYSE: MDT on 8/24/2026.
• Sold $50,001 - $100,000 in shares of Home Depot NYSE: HD on 8/24/2026.
• Sold $50,001 - $100,000 in shares of Procter & Gamble NYSE: PG on 8/24/2026.
• Sold $1,001 - $15,000 in shares of Lowe's Companies NYSE: LOW on 8/24/2026.
• Sold $15,001 - $50,000 in shares of Microsoft NASDAQ: MSFT on 8/21/2026.
• Sold $1,001 - $15,000 in shares of Veralto NYSE: VLTO on 8/21/2026.
• Sold $15,001 - $50,000 in shares of Honeywell Aerospace NASDAQ: HONA on 8/19/2026.
• Sold $1,001 - $15,000 in shares of Colgate-Palmolive NYSE: CL on 8/19/2026.
• Sold $1,001 - $15,000 in shares of Biogen NASDAQ: BIIB on 8/18/2026.

Walt Disney Stock Up 1.8%

Shares of DIS stock opened at $108.08 on Thursday. The Walt Disney Company has a 12 month low of $92.18 and a 12 month high of $119.78. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.32. The company has a 50 day simple moving average of $100.93 and a two-hundred day simple moving average of $101.55. The stock has a market cap of $186.62 billion, a P/E ratio of 22.28, a P/E/G ratio of 1.33 and a beta of 1.41.

Walt Disney (NYSE:DIS - Get Free Report) last posted its earnings results on Wednesday, August 5th. The entertainment giant reported $2.06 earnings per share for the quarter, topping 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 business's quarterly revenue was up 6.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.61 EPS. Walt Disney has set its FY 2026 guidance at 6.642-6.642 EPS. On average, research analysts expect that The Walt Disney Company will post 6.93 earnings per share for the current year.

Key Headlines Impacting Walt Disney

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

• Positive Sentiment: Broad-market gains supported DIS. Walt Disney was among the companies helping lead the Dow higher, indicating that investor buying was part of a wider risk-on market move rather than solely company-specific news. NVIDIA Corp., Walt Disney share gains lead Dow's nearly 450-point climb
• Positive Sentiment: Investors may be giving more credit to Disney’s Hulu Live TV strategy. Market coverage pointed to Disney’s Hulu Live TV deal as a possible reason for strength across the streaming sector. The arrangement could improve Disney’s position in live television and support streaming growth, although the financial impact is still developing. FuboTV Rallies 7%, Disney Ticks Up: Is the Hulu Live TV Deal Finally Getting Credit?
• Positive Sentiment: Analyst expectations remain favorable. The reported $127.61 consensus price target is well above recent trading levels, reinforcing the view that Disney’s earnings recovery, streaming prospects and cost controls could support further appreciation. The Walt Disney Company Receives $127.61 Consensus Target Price from Analysts
• Neutral Sentiment: Theme-park disruptions are unlikely to materially move the stock. Slinky Dog Dash and other Walt Disney World attractions were reportedly closed, while a separate incident at Disney’s Animal Kingdom involved first responders. These developments may affect guest experience and near-term park operations but do not currently indicate a company-wide financial impact. Walt Disney World Unexpectedly Shuts Down Slinky Dog Dash
• Negative Sentiment: Disney faces another European patent injunction. InterDigital said a Unified Patent Court ruling covering Germany and the Netherlands found Disney infringed technology related to seamless video viewing. A third injunction increases potential licensing costs, legal exposure and possible product or service restrictions, though the immediate earnings effect is unclear. InterDigital wins third injunction against Disney from Unified Patent Court

Institutional Investors Weigh In On Walt Disney

Institutional investors and hedge funds have recently bought and sold shares of the company. California State Teachers Retirement System increased its stake in shares of Walt Disney by 9,500.4% during the second quarter. California State Teachers Retirement System now owns 261,941,488 shares of the entertainment giant's stock valued at $25,211,868,000 after buying an additional 259,213,056 shares during the period. State Street Corp lifted its stake in Walt Disney by 2.3% in the fourth quarter. State Street Corp now owns 83,873,646 shares of the entertainment giant's stock worth $9,604,567,000 after acquiring an additional 1,853,897 shares during the period. Geode Capital Management LLC grew its holdings in Walt Disney by 3.5% during the 4th quarter. Geode Capital Management LLC now owns 40,588,604 shares of the entertainment giant's stock worth $4,597,804,000 after acquiring an additional 1,361,888 shares in the last quarter. J. Stern & Co. LLP grew its holdings in Walt Disney by 9,060.1% during the 4th quarter. J. Stern & Co. LLP now owns 38,135,363 shares of the entertainment giant's stock worth $4,338,660,000 after acquiring an additional 37,719,041 shares in the last quarter. Finally, Norges Bank purchased a new position in Walt Disney during the 4th quarter valued at about $2,388,278,000. 65.71% of the stock is owned by institutional investors.

Insider Activity

In other Walt Disney news, EVP Brent Woodford sold 7,238 shares of the company's stock in a transaction on Friday, August 14th. The stock was sold at an average price of $105.31, for a total transaction of $762,233.78. Following the completion of the sale, the executive vice president owned 62,323 shares in the company, valued at $6,563,235.13. This represents a 10.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Paul M. Roeder sold 3,596 shares of the stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $106.32, for a total value of $382,326.72. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.17% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on DIS. Phillip Securities upgraded Walt Disney from a "moderate buy" rating to a "strong-buy" rating in a research report on Monday, May 11th. Benchmark reaffirmed a "buy" rating on shares of Walt Disney in a research note on Monday. Wells Fargo & Company lifted their target price on Walt Disney from $125.00 to $132.00 and gave the stock an "overweight" rating in a report on Thursday, August 6th. Argus reissued a "buy" rating and set a $134.00 target price on shares of Walt Disney in a research report on Thursday, August 6th. Finally, Wolfe Research set a $131.00 price target on Walt Disney in a report on Tuesday, June 30th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $127.61.

About Representative Hern

Kevin Hern (Republican Party) is a member of the U.S. House, representing Oklahoma's 1st Congressional District. He assumed office on November 13, 2018. His current term ends on January 3, 2027. Hern (Republican Party) is running for re-election to the U.S. House to represent Oklahoma's 1st Congressional District. He declared candidacy for the 2026 election. Kevin Hern went into business as a McDonald's franchisee in 1999. He acquired 10 McDonald's franchises by 2012. He served on the McDonald's National Leadership Team for 13 years, including the tax policy team, the insurance corporation, and as chairman of the economics team. From 2011 to 2015, he was chairman of the finance committee of the Oklahoma Turnpike Authority.

Walt Disney Company Profile

The Walt Disney Company NYSE: DIS, commonly known as Disney, is a diversified global entertainment and media conglomerate headquartered in Burbank, California. Founded in 1923 by Walt and Roy O. Disney, the company grew from an animation studio into a multi‑national entertainment enterprise known for iconic intellectual property and family‑oriented storytelling. Disney's operations span film and television production, streaming services, theme parks and resorts, consumer products, and live entertainment.

On the content side, Disney produces and distributes feature films and television programming through a portfolio of studios and labels that includes Walt Disney Pictures, Pixar, Marvel Studios, Lucasfilm and 20th Century Studios, along with broadcast and cable networks such as ABC, FX and National Geographic.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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