Insider Activity Report: The Walt Disney Company (DIS)

Amy Chang, a director at The Walt Disney Company (DIS), recently bought 1,078 shares. The buy increased her stake by 21 percent, and came to a total cost of $99,918.

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  • This is the first insider buy at the company in the past two years. Company insiders have been steady sellers, with a mix of sales following the exercise of stock options and regular sales.

    Overall, Walt Disney insiders own less than 0.1 percent of shares.

    The media giant is down about 2 percent over the past year. Shares have been impacted by the company’s poor performance at the box office, and less-than-expected theme park attendance.

    Even with that headline struggle, earnings are up about 6 percent over the past year, and earnings are up 63 percent.

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  • Meanwhile, the company has a large intellectual property, and shares now trade at just 20 times earnings, a reasonable price given the company’s properties and brands.

    Action to take: With the company looking better behind the headlines than it seems, and with insiders buying, shares may be worth picking up here or on any market pullback.

    Disney is also bringing back a dividend, which is suspended during the pandemic, but the yield is a small 0.7 percent.

    For traders, shares have been trending higher for the past few weeks and look ready to continue that move. The March 2024 $100 calls, last going for about $2.40, could see mid-double-digit returns in the coming weeks.


    Disclosure: The author of this article has a position in the company mentioned here, and may further trade after the next 72 hours. The author receives no compensation from any of the companies mentioned in this article.

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