Company Of The Day: Disney

+32.66%
Upside
103
Market
137
Trefis
DIS: Walt Disney logo
DIS
Walt Disney

What?

Walt Disney (NYSE:DIS) has ousted CEO Bob Chapek, with former chairman and CEO Robert Iger returning as CEO.

Why?

Relevant Articles
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  2. Up 25% This Year, Will Disney’s Strong Run Continue Following Q2 Results?
  3. Disney Stock Has 2x Upside If It Rises To Pre-Inflation Shock Highs Of $202 Per Share
  4. Disney Stock Could Rise Over 2x If It Recovers To Pre-Inflation Shock Highs
  5. Will Slowing Streaming Growth Impact Disney’s Q3 Results?
  6. Disney Stock Could More Than Double If It Recovers To Pre-Inflation Shock Highs

Although Disney didn’t cite a reason for the change, it comes at a time when the Disney+ streaming operations continue to bleed cash while its theme parks face pressure from a weakening economy and high inflation. Disney’s Q4 FY’22 results were also weaker than anticipated.

So What?

However, we remain positive on Disney stock despite the recent headwinds with a $150 price estimate, which is well ahead of the market price.

Returns Nov 2022
MTD [1]
2022
YTD [1]
2017-22
Total [2]
 DIS Return -7% -36% -5%
 S&P 500 Return 2% -17% 76%
 Trefis Multi-Strategy Portfolio 3% -20% 217%

[1] Month-to-date and year-to-date as of 11/21/2022
[2] Cumulative total returns since the end of 2016

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