BURBANK, Calif.—Sonia L. Coleman, Senior Executive Vice President and Chief Human Resources Officer at Walt Disney Co. (NYSE:DIS), recently sold 2,798 shares of Disney common stock. The shares were sold at a price of $99.99 each, amounting to a total transaction value of $279,772.
Following this transaction, Coleman now holds 873.87 shares indirectly through a 401(k) plan, as stated in the filing. The sale was conducted under a pre-established trading plan, adhering to Rule 10b5-1(c), which Coleman had adopted on May 17, 2024.
In other recent news, Evercore ISI has raised its price target for Walt Disney Co. to $128.00, maintaining an Outperform rating. This adjustment comes in anticipation of a robust fourth-quarter fiscal year 2024 performance, driven by a strengthening direct-to-consumer (DTC) segment and solid studio segment results. The firm expects the DTC segment to significantly boost profitability in fiscal year 2025, despite potential cost concerns related to content and technology investments. In addition, Disney has launched a new business unit, the Office of Technology Enablement, to integrate AI and augmented reality technologies across its divisions.
In analyst notes, Piper Sandler maintained a Neutral rating on Disney, noting mixed trends in the experiences business and positive momentum in the Disney+ streaming service. Goldman Sachs also reaffirmed their Buy rating on Disney. Furthermore, Disney named James Gorman, a Morgan Stanley (NYSE:MS) veteran, as its board chairman starting from 2025. These recent developments provide investors with insights into Disney's strategic direction and operational focus.
InvestingPro Insights
As Sonia L. Coleman's recent stock sale draws attention, it's worth examining Disney's current financial position and market performance. According to InvestingPro data, Disney boasts a substantial market capitalization of $183.29 billion, underlining its position as a prominent player in the entertainment industry.
The company's stock has shown strong momentum recently, with a 17.35% price total return over the past three months. This aligns with an InvestingPro Tip highlighting Disney's strong return over the last three months, suggesting positive investor sentiment.
Despite the recent insider sale, Disney's financial outlook appears promising. An InvestingPro Tip indicates that net income is expected to grow this year, which could potentially boost investor confidence. Additionally, the company's P/E ratio (adjusted) of 27.1 for the last twelve months as of Q3 2024 suggests that while the stock may be trading at a premium, it's not excessively overvalued considering its growth prospects.
For investors seeking a more comprehensive analysis, InvestingPro offers 11 additional tips on Disney, providing a deeper understanding of the company's financial health and market position. These insights can be particularly valuable in contextualizing insider transactions like Coleman's recent sale.
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