Company Of The Day: Disney
What?
Walt Disney (NYSE:DIS) has ousted CEO Bob Chapek, with former chairman and CEO Robert Iger returning as CEO.
Why?
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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
See all Trefis Price Estimates