Bob Iger’s Return to the CEO Seat Gives Walt Disney Stock a Temporary Boost in 1Q23.

Trending News ☀️

The appointment of Bob Iger as CEO of the Walt Disney ($NYSE:DIS) Company following the ousting of Bob Chapek in November 2022 had a strong positive impact on the company’s 1Q23 results. Upon Iger’s return, stock markets reacted positively with an approximate 10% rise in the share price of Walt Disney. During Iger’s 1Q23 presentation, he outlined a plan for the near-term, which provided further assurance to shareholders and resulted in an additional boost to the share price.

However, this enthusiasm has since dissipated as other businesses have since outperformed Walt Disney in the market. Iger’s return as CEO was a welcome return from many shareholders, prompting a temporary surge in stock prices in the first quarter of 2023. His plan for the near-term, although being met with positive reception from investors and analysts at first, has since been overshadowed by other emerging stocks and businesses.

Stock Price

On Monday, WALT DISNEY stock opened at $100.7 and closed at $100.4, signifying a slight 0.2% increase from its previous closing price of 100.3. This increase in stock is likely attributed to the arrival of Iger in the CEO seat, who has garnered well wishes from Wall Street analysts and Disney fans alike. The boost may only be temporary, but it’s an encouraging start for Iger’s tenure. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Walt Disney. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Walt Disney. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Walt Disney. More…

Key Ratios Snapshot

Some of the financial key ratios for Walt Disney are shown below. More…

Analysis

G o o d W h a l e ‘ s a n a l y s i s o f W A L T D I S N E Y ‘ s w e l l b e i n g h a s f o u n d t h a t , a c c o r d i n g t o S t a r C h a r t , i t i s s t r o n g i n a s s e t , m e d i u m i n g r o w t h , p r o f i t a b i l i t y a n d w e a k i n d i v i d e n d . T h i s p l a c e s W A L T D I S N E Y i n t h e ‘ r h i n o ‘ c a t e g o r y ; a t y p e o f c o m p a n y t h a t a c h i e v e s m o d e s t r e v e n u e a n d e a r n i n g s g r o w t h . A s a r e s u l t , t h i s t y p e o f c o m p a n y m a y b e o f g r e a t i n t e r e s t t o i n v e s t o r s l o o k i n g f o r m o d e r a t e r e t u r n s w i t h a h i g h d e g r e e o f s t a b i l i t y . T h i s i n d i c a t e s t h a t t h e c o m p a n y i s c a p a b l e o f p a y i n g o f f i t s d e b t a n d f u n d i n g f u t u r e o p e r a t i o n s. More…

Peers

The Walt Disney Co is the largest entertainment company in the world. It operates in four business segments: media networks, parks and resorts, studio entertainment, and consumer products. The company has a wide array of competitors, including Netflix Inc, Paramount Global, Warner Bros.Discovery Inc, and many others.

– Netflix Inc ($NASDAQ:NFLX)

Netflix is a streaming service for movies and TV shows. It has a market cap of 109B as of 2022 and a Return on Equity of 22.38%. The company was founded in 1997 and is headquartered in Los Gatos, California.

– Paramount Global ($NASDAQ:PARA)

Paramount Global has a market cap of 12.64B as of 2022, a Return on Equity of 18.54%. The company is a leading provider of global insurance and reinsurance solutions. It offers a broad range of products and services to meet the needs of its clients.

– Warner Bros.Discovery Inc ($NASDAQ:WBD)

Discovery, Inc. is a global media and entertainment company that operates a portfolio of cable television networks and produces original content for a variety of platforms. The company operates in over 220 countries and territories and reaches nearly 3 billion people around the world. Discovery’s primary businesses include Discovery Channel, Animal Planet, Science Channel, Investigation Discovery, TLC, OWN: Oprah Winfrey Network, Velocity, Travel Channel, Food Network, Cooking Channel, and HGTV. The company also operates Eurosport, Discovery Kids, Discovery Family, and Discovery Turbo. In addition to its cable networks, Discovery also owns and operates digital media properties, including Discovery Digital Networks, Seeker Network, and TestTube.

Summary

Walt Disney stock saw a temporary boost in the first quarter of 2023 upon the return of Bob Iger to the CEO seat. This was reflected in increased news coverage of the company with the majority of reports being positive. To determine the value of investing in Walt Disney, investors should consider the long-term potential of the company’s diverse business segments, particularly streaming and media networks, as well as its strong brand recognition and market share in these segments. Additionally, investors should consider the company’s return on investment, management track record, and ongoing plans for continuous innovation.