Disney Insider James Gorman Just Bought $2 Million of DIS Stock. Should You Load Up on Shares Too?

Core Viewpoint - Walt Disney's stock (DIS) has faced significant challenges in 2023, with a decline of over 25% earlier in the year, followed by minimal gains recently, resulting in only a 2.6% increase year-to-date [1][4]. Company Overview - The Walt Disney Company is a leading global entertainment entity, known for its iconic brands such as Mickey Mouse and Cinderella, as well as franchises like Star Wars and Marvel [3]. Stock Performance - DIS stock has underperformed compared to the Dow Jones Industrial Average, which has gained 14.3% this year, and the Vanguard Consumer Discretionary Index Fund ETF, which has seen a 7% increase [4]. - The current price-to-earnings (P/E) ratio for Disney shares is 16.5, significantly lower than the 10-year mean P/E of 45, indicating that the stock is historically affordable [5]. Insider Activity - James Gorman, chairman of Disney's board, purchased 18,000 shares of DIS stock for approximately $2 million, indicating a bullish outlook on the company's future [2]. Dividend Information - DIS stock offers a dividend yield of 1.3%, equating to $1.50 per share, with payouts occurring biannually [6].