In a recent transaction, Sonia L. Coleman, Senior Executive Vice President and Chief Human Resources Officer at Walt Disney Co (NYSE:DIS), sold 4,400 shares of the company's common stock. The sale, which took place on May 9, 2024, was executed at a price of $106 per share, resulting in a total value of $466,400.
This transaction has adjusted Coleman's direct holdings in the company to zero, according to the latest filings. However, it's important to note that she still indirectly holds 856.76 shares through The Walt Disney Stock Fund, which is an investment option within the company's 401(k) plan that includes company matching contributions.
Investors often keep an eye on insider transactions as they can provide insights into executives' perspectives on the company's current valuation and future prospects. Coleman's sale might draw particular interest from the market as it represents a significant divestment from her direct stake in the entertainment giant.
The details of the transaction were disclosed in a Form 4 filing with the Securities and Exchange Commission, which provides information on trades made by the company's officers, directors, and other high-level insiders. The disclosed information is a routine regulatory requirement and provides transparency into the trading activities of top executives at publicly traded companies.
Walt Disney Co, with its headquarters in Burbank, California, is a diversified international family entertainment and media enterprise. It operates in various segments including media networks, parks and resorts, studio entertainment, consumer products, and interactive media, making it one of the most recognized names in the entertainment industry.
InvestingPro Insights
Following the recent insider transaction at Walt Disney Co (NYSE:DIS), where Senior Executive Vice President and Chief Human Resources Officer Sonia L. Coleman sold 4,400 shares, market participants may find additional context in the company's financial health and performance metrics. Walt Disney Co is currently trading with a market capitalization of approximately $192.22 billion, reflecting its substantial presence in the entertainment sector.
InvestingPro data shows that Disney is trading at a high earnings multiple, with a Price-to-Earnings (P/E) ratio of 114.29. However, when adjusted for the last twelve months as of Q2 2024, the P/E ratio stands at a more moderate 44.68. This suggests that while the stock may seem expensive based on trailing earnings, analysts are expecting earnings growth, as indicated by the more favorable forward-looking P/E ratio.
Despite recent market volatility, Disney has demonstrated revenue growth over the past year, with a 2.55% increase in the last twelve months as of Q2 2024. This growth is a testament to the company's adaptability and the strength of its diverse entertainment offerings. Moreover, the company maintains a solid gross profit margin of 35.03%, underscoring its ability to control costs and generate earnings efficiently.
InvestingPro Tips highlight that analysts predict the company will be profitable this year, which aligns with the positive revenue growth data. Additionally, there are more insights available on InvestingPro, including a total of 8 additional InvestingPro Tips for Walt Disney Co, which can provide further guidance on investment decisions. For those interested in a deeper analysis, use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription at InvestingPro.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.