In a recent transaction, Sonia L. Coleman, the Senior Executive Vice President and Chief Human Resources Officer at Walt Disney Co (NYSE:DIS), sold 689 shares of Disney common stock. The shares were sold at a price of $108.76 per share, totaling approximately $74,935. According to InvestingPro data, Disney, with its $197 billion market cap, currently trades at a P/E ratio of 40, reflecting its premium valuation in the entertainment sector. Following this transaction, Coleman holds 899.776 shares indirectly through a 401(k) plan, which includes company matching contributions. The sale was conducted under a pre-established trading plan, adhering to the conditions of Rule 10b5-1(c). InvestingPro analysis shows Disney maintains a GOOD financial health score, with notably low price volatility. Discover more insights and 8 additional ProTips with an InvestingPro subscription.
In other recent news, the Walt Disney Company has been making significant strides in its business operations. The entertainment giant has reinstated coverage with Citi analysts, who foresee a favorable risk-reward scenario for investors. Disney's adjusted earnings per share (EPS) guidance is expected to achieve high single-digit growth in fiscal year 2025 and double-digit growth in the subsequent years, according to Citi.
Disney also recently announced a merger with FuboTV (NYSE:FUBO), combining Disney's Hulu + Live TV service with FuboTV. The merged entity will be 70% owned by Disney and is expected to bring together over 6.2 million subscribers from North America. This merger is part of Disney's ongoing efforts to expand its reach and enhance its services.
Disney's stock was upgraded by Redburn-Atlantic from Neutral to Buy, reflecting the firm's confidence in Disney's transition from traditional linear TV to a more profitable streaming model. Rosenblatt Securities also recently upgraded Disney's stock price target, maintaining a Buy rating due to confidence in Disney's growth potential.
The company also announced a new animated feature film for the popular series Bluey, scheduled for release in 2027. The movie will be streamed on Disney+ following its global theatrical release. Additionally, Jefferies initiated coverage on Disney stock with a Hold rating, highlighting strong momentum for Disney's direct-to-consumer business and an anticipated recovery in the Parks segment's operating income growth. These are some of the recent developments in Disney's business operations and market position.
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