Mixed earnings and a shift in leadership put ETFs with heavy exposure to the Walt Disney Company in focus.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
The Walt Disney Company has named Josh D'Amaro, the current Chairman of Disney Experiences, as its new CEO, replacing longtime CEO Bob Iger. For Disney, which has had only three CEOs in the last forty years, a changing of the C-suite guard is itself a major corporate milestone.
New Disney CEO Josh D'Amaro has his work cut out for him. The longtime head of theme parks and consumer products division, who has worked for Disney since the late ‘90s, will succeed current Disney CEO Bob Iger on March 18, the company announced this week.
Disney (DIS) has officially tapped Josh D'Amaro, the chairman of its parks and experiences division, to be the media giant's next CEO and replacing Bob Iger effective March 18. We examine what D'Amaro as CEO of Disney could mean for the company and the stock.
Shareholders will be looking for D'Amaro to generate value after the company has underperformed the broader stock market for years as it undergoes a difficult transition from television to streaming.
Disney announced a succession plan with Josh D'Amaro as CEO and Dana Walden as president and creative chief. This succession benefits from a normalized business environment. The COVID challenge's absence is a huge plus. First quarter results were solid, but the market remains cautious due to a soft second quarter forecast.
Disney's earnings are out, and by the looks of it, the entertainment giant is starting 2026 with some strong points in its first-quarter report, powered in part by two big hits at the box office. However, some disappointing second-quarter forecasts seem to have spooked investors, causing shares of the stock to slide over 7%, to $104.72, in afternoon trading on Monday.
Peltz accused Disney's outgoing chief executive of manipulating the company's succession to retain power by setting his replacement up to fail.
Longtime Disney CEO Bob Iger is stepping down early from his role, making room for his successor. Iger's decision to relinquish his role comes after he unretired and returned as CEO.
Disney has chosen parks executive Josh D'Amaro to succeed Bob Iger as its new CEO. Billionaire Nelson Peltz said D'Amaro's lack of entertainment know-how gives Iger an excuse.
Disney CEO Bob Iger will step down next month -- not the end of the year, as earlier surmised.