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

Key Points

• Disney EVP Brent Woodford sold 3,618 shares for $423,306 at an average price of $117, leaving him with 62,995 shares. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
• Woodford had also sold Disney shares in several earlier transactions, including 6,474 shares on November 2.
• Analysts hold a “Moderate Buy” consensus rating, with an average price target of $128.16. In its latest reported quarter, Disney beat EPS estimates but slightly missed revenue estimates; revenue rose 6.8% year over year.

The Walt Disney Company (NYSE:DIS - Get Free Report) EVP Brent Woodford sold 3,618 shares of the stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $117.00, for a total transaction of $423,306.00. Following the completion of the sale, the executive vice president owned 62,995 shares in the company, valued at $7,370,415. This represents a 5.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 transaction 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 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 shares were 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 NYSE:DIS traded down $1.55 on Thursday, hitting $117.40. The company had a trading volume of 11,747,409 shares, compared to its average volume of 10,027,764. 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 Walt Disney Company has a 52-week low of $92.18 and a 52-week high of $120.80. The business has a 50 day moving average of $107.70 and a 200 day moving average of $103.61. The company has a market cap of $202.71 billion, a PE ratio of 24.21, a PEG ratio of 1.32 and a beta of 1.44.

Walt Disney (NYSE:DIS - Get Free Report) last posted 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. Walt Disney had a return on equity of 9.90% and a net margin of 8.70%. The business had revenue of $25.25 billion for the quarter, compared to analyst estimates of $25.39 billion. During the same quarter last year, the company earned $1.61 earnings per share. The business's revenue for the quarter was up 6.8% compared to the same quarter last year. As a group, equities analysts anticipate that The Walt Disney Company will post 6.91 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Guggenheim reissued a "buy" rating and issued a $120.00 price objective on shares of Walt Disney in a research report on Monday, September 28th. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Walt Disney in a research note on Tuesday, October 6th. Needham & Company LLC reiterated a "buy" rating and issued a $125.00 price target on shares of Walt Disney in a report on Friday, October 9th. Rosenblatt Securities reissued a "buy" rating and set a $126.00 price target on shares of Walt Disney in a research note on Thursday, August 6th. Finally, Argus restated a "buy" rating and set a $134.00 price objective on shares of Walt Disney in a report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $128.16.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Bank of New York Mellon Corp bought a new position in Walt Disney in the 2nd quarter valued at about $1,386,720,000. Arrowstreet Capital Limited Partnership increased its stake in Walt Disney by 13.6% during the 1st 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. Amundi raised its position in shares of Walt Disney by 2.5% during the 1st quarter. Amundi now owns 11,349,651 shares of the entertainment giant's stock worth $1,093,878,000 after buying an additional 273,128 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Walt Disney by 2.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 7,416,858 shares of the entertainment giant's stock worth $714,736,000 after buying an additional 149,384 shares in the last quarter. Finally, Janus Henderson Group PLC raised its position in shares of Walt Disney by 7.7% during the 1st quarter. Janus Henderson Group PLC now owns 6,703,179 shares of the entertainment giant's stock worth $646,047,000 after buying an additional 480,104 shares in the last quarter. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

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.

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