Blackwells Capital has officially filed a proxy statement for Disney’s upcoming Annual Meeting in 2024. In a letter addressed to fellow shareholders, Blackwells urges them to vote for their nominees, Jessica Schell, Craig Hatkoff, and Leah Solivan, using the GREEN proxy card. To gain more insight into Blackwells’ campaign, shareholders are encouraged to visit www.TheFutureOfDisney.com.
In contrast, Blackwells advises shareholders to withhold their vote from Trian’s nominees, Peltz and Rasulo, and to disregard any BLUE Trian proxy cards they may receive.
The individuals seeking election to Disney’s Board of Directors, including Jessica Schell, Craig Hatkoff, and Leah Solivan, have filed a preliminary proxy statement and are actively seeking proxies for the upcoming Annual Meeting. Shareholders can request copies of the definitive proxy statement free of charge.
To facilitate the voting process, the Participants have provided a GREEN universal proxy card for shareholders to use when voting for their nominees. Shareholders who have any questions or require replacement proxy materials can reach out to Morrow Sodali LLC at +1 (800) 662-5200 (toll-free for shareholders) or +1 (203) 658-9400 (call collect for brokers).
The Walt Disney Company has acknowledged that Blackwells Capital LLC and its affiliates have expressed their intention to nominate three individuals for election to the company’s Board of Directors. Disney affirms that its current Board is composed of experienced, diverse, and highly qualified members who are dedicated to the long-term success of the company. They remain focused on strategic growth initiatives, succession planning, and enhancing shareholder value.
Disney (DIS) Stock Shows Positive Momentum on February 6, 2024: Is it a Good Investment Opportunity?
DIS Stock Shows Positive Momentum on February 6, 2024
Disney (DIS) stock displayed positive momentum on February 6, 2024. According to data from CNN Money, the price of DIS shares increased by $0.57 since the market last closed, resulting in a rise of 0.59%. The stock opened at $96.85, which was $0.20 higher than its previous close. Trading in the middle of its 52-week range and above its 200-day simple moving average indicates a favorable position for the company in terms of its stock performance. Investors should take note of these positive indicators when considering Disney as a potential investment. However, further research and analysis is recommended before making any investment decisions.
Analyzing The Walt Disney Companys Stock Performance: Stable Revenue but Declining Net Income and EPS Raises Concerns
On February 6, 2024, the stock performance of The Walt Disney Company (DIS) displayed mixed results, with revenue holding steady but net income experiencing a decline. Total revenue for DIS over the past year amounted to $88.45 billion, indicating a 7.11% increase compared to the previous year. However, in the fourth quarter, the company generated $21.20 billion in total revenue, which remained flat compared to the previous quarter. The decline in net income may be attributed to various factors, including increased costs, changes in consumer behavior, or investments made by the company. It is worth noting that despite the decline, Disney still managed to maintain a positive net income, which showcases its resilience in navigating challenging market conditions. Furthermore, earnings per share (EPS) also experienced a decline. Over the past year, Disney reported an EPS of $1.29, reflecting a decrease of 25.28% compared to the previous year. The decline in EPS can be attributed to the decrease in net income, as well as factors such as share dilution or changes in the number of outstanding shares. Overall, the stock performance of Disney on February 6, 2024, showcased stability in terms of total revenue, despite the challenging market conditions faced by the entertainment industry. However, the decline in net income and EPS raises concerns and highlights the need for investors to carefully analyze the company’s financials and future prospects. Factors such as market trends, competition, and strategic initiatives undertaken by the company should also be taken into account when evaluating the potential of DIS stock.
