Brent Woodford Sells 8,000 Shares of The Walt Disney Company (NYSE:DIS) Stock

On December 11th, 2023, Brent Woodford, the Executive Vice President of The Walt Disney Company (NYSE:DIS), executed a sale of 8,000 shares of the company's stock. The shares were sold at an average price of $114.74 each, leading to a total transaction value of $917,920. Following this sale, Woodford holds 44,055 shares of Disney, with a current value around $5,054,870.70. This sale represents a 15.37% reduction in his ownership stake.

The details of this transaction were made public in a legal filing with the Securities and Exchange Commission (SEC).

Recent Trades by Brent Woodford

In addition to the recent sale, Brent Woodford also made another significant transaction on November 20th, where he sold 5,000 shares of Walt Disney stock at an average price of $113.62, with the total proceeds from this transaction reaching $568,100.

Current Performance of Walt Disney Stock

As of Thursday, December 12th, shares of DIS stock experienced a slight increase of 0.3%, trading up by $0.29 to reach $114.90. The trading volume for the day was 5,241,005 shares, significantly lower than the average volume of 10,832,052 shares. Walt Disney's market capitalization stands at approximately $208.08 billion, with a price-to-earnings (PE) ratio of 42.29. The company has a PEG ratio of 2.05 and a beta of 1.42, indicating its volatility compared to the overall market.

Over the past year, Walt Disney's stock has seen a low of $83.91 and a high of $123.74. Its 50-day moving average is $103.90, while the 200-day moving average is $97.92, highlighting an upward trend.

Walt Disney's Latest Earnings Report

The Walt Disney Company announced its latest earnings report on November 14th. For the quarter, it reported earnings per share (EPS) of $1.14, surpassing the analysts' consensus estimate of $1.09 by $0.05. The company's revenue totaled $22.57 billion, which also exceeded expectations, as analysts estimated $22.49 billion. Disney achieved a net margin of 5.44% and a return on equity (ROE) of 9.21%. Compared to the same quarter last year, the company's revenue showed a year-over-year increase of 6.3% and improved from an EPS of $0.82 in the previous year.

Dividend Increase Announcement

In addition to the earnings report, Disney recently announced a semi-annual dividend, set to be paid out on January 16th, 2024. Shareholders recorded on December 16th, 2023, will receive a dividend of $0.50 per share, an increase from the previous $0.45 dividend. The latest dividend represents a yield of 0.6% and a payout ratio of 33.21%.

Analyst Ratings and Price Target Updates

Disney's stock has been under review from a number of analysts, with various price target adjustments. Sanford C. Bernstein raised its target price for Disney from $115.00 to $120.00, designating it an "outperform" rating. Additionally, Bank of America raised its price target from $120.00 to $140.00 with a "buy" rating. Meanwhile, Piper Sandler initiated coverage with a "neutral" rating and a $95.00 price target.

Overall, 18 analysts have rated Disney with a buy, while six have given it a hold rating. This gives Disney a consensus rating of "Moderate Buy" based on current data.

Institutional Investment Activity

Recent changes in institutional investments show that several funds have either increased or acquired stakes in Walt Disney. For instance, William B. Walkup & Associates acquired shares valued around $32,000 recently. Furthermore, Mascoma Wealth Management increased its holdings by 38%, taking its total to 443 shares valued at $44,000. Other funds like FSA Wealth Management also entered new stakes in the third quarter.

Company Overview

The Walt Disney Company operates as a global entertainment giant with three primary segments: Entertainment, Sports, and Experiences. Disney is involved in producing and distributing films and television content through various channels, including Disney+, ABC, and ESPN among others.

Disney, Stock, Sale, Earnings, Dividend