Brent Woodford Sells 8,000 Shares of The Walt Disney Company

Brent Woodford, the Executive Vice President of The Walt Disney Company (NYSE:DIS - Get Free Report), sold 8,000 shares of the company's stock on Wednesday, December 11th. The shares were sold at an average price of $114.74 each, totaling approximately $917,920. Following this sale, Woodford now owns 44,055 shares of Disney, which are valued around $5,054,870.70. This sale represents a 15.37% reduction in his total ownership of the stock. The transaction has been officially disclosed in a legal filing with the SEC, accessible through designated sources.

Previous Transaction by Brent Woodford

Prior to this transaction, on November 20th, Woodford sold an additional 5,000 shares of Walt Disney stock. These shares were sold at an average price of $113.62, which brought in a total of $568,100.00 for that transaction.

Current Market Performance

As of Thursday, shares of Disney traded up by $0.29 to reach $114.90. The day's trading volume was 5,241,005 shares, significantly lower than the average trading volume of 10,832,052 shares. The market capitalization of Disney stands at approximately $208.08 billion, with a PE ratio of 42.29 and a PEG ratio of 2.05. The company has a beta of 1.42, a 50-day moving average of $103.90, and a 200-day moving average of $97.92. Over the past year, Disney has seen a low of $83.91 and a high of $123.74 in its stock price.

Recent Earnings Report

The Walt Disney Company published its earnings results on November 14th, reporting earnings of $1.14 per share, which exceeded analysts' expectations of $1.09 by $0.05. Their reported revenue for the quarter was $22.57 billion, surpassing the anticipated $22.49 billion. Disney achieved a net margin of 5.44% and a return on equity of 9.21%. Revenue increased by 6.3% year-over-year compared to the same period last year when the earnings per share were $0.82. Analysts project that the company will report earnings of $5.41 per share for this current year.

Upcoming Dividend Announcement

In addition to performance metrics, Disney announced a semi-annual dividend to be paid on January 16th. Shareholders on record by December 16th will receive a dividend of $0.50 per share, an increase from the previous dividend of $0.45. This gives a yield of 0.6%, with the current payout ratio at 33.21%.

Analysts' Price Target Adjustments

Disney has recently been analyzed by several research firms. Sanford C. Bernstein raised its price target from $115.00 to $120.00, rating the stock as "outperform" in their November report. Piper Sandler initiated coverage with a "neutral" rating and a target price of $95.00. Meanwhile, Bank of America increased its price target from $120.00 to $140.00 with a "buy" rating on the stock. Seaport Res Ptn upgraded Disney from a "hold" to a "strong-buy" rating. Currently, there are six analysts recommending a hold, eighteen suggesting a buy, and one giving a strong buy rating. Market consensus indicates a "Moderate Buy" rating with a target price averaging $123.67.

Institutional Investment Activity

Recently, a number of institutional investors and hedge funds have made changes to their stakes in Walt Disney. For instance, William B. Walkup & Associates Inc. acquired a new position valued at about $32,000 in the second quarter. Mascoma Wealth Management LLC increased its holdings by 38.0%, resulting in ownership of 443 shares now valued at $44,000. The trend continues, with First PREMIER Bank expanding its stake by 98.1% in the third quarter, bringing its shares to 517, valued at $50,000. Currently, 65.71% of Disney's stock is owned by institutional investors and hedge funds.

Company Overview

The Walt Disney Company operates as a global entertainment firm, functioning through three main segments: Entertainment, Sports, and Experiences. Disney produces and distributes a wide array of film and television content. This is done under various brands, including ABC Television Network, Disney, National Geographic, PIXAR, and Marvel, among others.

Walt, Disney, Shares