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Disney's EVP Brent Woodford sells $568,101 in stock

Published 11/21/2024, 09:34 PM
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Brent Woodford, Executive Vice President of Control, Financial Planning & Tax at Walt Disney Co (NYSE:NYSE:DIS), recently sold 5,000 shares of Disney common stock. The shares were sold at an average price of $113.62, amounting to a total transaction value of $568,101. Following the sale, Woodford holds 44,055 shares directly.

In addition to the sale, Woodford exercised stock options to acquire 5,000 shares at a price of $92.24 per share. This exercise resulted in a transaction totaling $461,175. After these transactions, Woodford's total direct ownership stands at 44,055 shares, with additional indirect holdings through a 401(k) and an IRA.

In other recent news, Walt Disney has seen numerous positive revisions from financial research firms following its Q4 earnings report and multi-year guidance. Evercore ISI increased its price target on Disney to $134, maintaining an Outperform rating, based on the company's potential for earnings growth and recent positive guidance. The firm highlighted Disney's multi-year guidance that foresees high-single-digit growth in adjusted EPS for fiscal year 2025, and double-digit growth in both fiscal years 2026 and 2027.

TD Cowen raised its Disney target to $123 while maintaining a hold rating, following Disney's Q4 earnings that slightly missed TD Cowen's estimates but matched the market consensus. Guggenheim maintained a buy rating on Disney's shares, increasing the price target from $110 to $130 based on Disney's robust EPS outlook and stronger performance in their Direct-to-Consumer (DTC) segment. Morgan Stanley (NYSE:MS) and Loop Capital raised their price targets for Disney to $125, citing the company's growth plan driven by a content turnaround and increased experiential investments.

Meanwhile, Macquarie increased its price target from $91.00 to $110.00, maintaining a neutral stance. These adjustments follow Disney's announcement of high single-digit adjusted EPS growth in fiscal 2025, and double-digit growth in 2026 and 2027. Despite near-term risks and valuation concerns, analysts express confidence in Disney's strategic moves and potential for sustained growth, especially in the Direct-to-Consumer business. These are the recent developments in Disney's performance and future outlook.

InvestingPro Insights

As Walt Disney Co (NYSE:DIS) executive Brent Woodford adjusts his stock holdings, investors may find value in examining the company's current financial position and market performance. According to InvestingPro data, Disney boasts a substantial market capitalization of $208.35 billion, reflecting its status as a major player in the entertainment industry.

The company's recent performance has been noteworthy, with InvestingPro Tips highlighting strong returns over the last month (18.59%) and three months (27.58%). This upward trajectory aligns with the stock's current price, which stands at 92.71% of its 52-week high, suggesting renewed investor confidence.

However, it's important to note that Disney's P/E ratio of 42.43 indicates a relatively high valuation compared to earnings. An InvestingPro Tip points out that the stock is trading at a high earnings multiple, which could be a consideration for value-oriented investors.

On a positive note, another InvestingPro Tip reveals that 12 analysts have revised their earnings upwards for the upcoming period, potentially signaling optimism about Disney's future performance. This sentiment is further supported by the company's revenue growth of 2.77% over the last twelve months and a more robust 6.28% growth in the most recent quarter.

For investors seeking a more comprehensive analysis, InvestingPro offers additional insights with 11 more tips available for Disney. These tips could provide valuable context for understanding the company's financial health and market position in greater depth.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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