Walt Disney shares gain for a second straight session on Friday, CEO Iger’s compensation shrinks 17% in fiscal 2017

January 16, 2018 11:05 am

A proxy statement filed on Friday revealed that Walt Disney Chief Executive Bob Iger’s compensation for fiscal 2017 dropped 17% compared to a year ago. Other company executives saw decreases in their total pay as well.

Walt Disney shares closed higher for a second consecutive trading session on Friday. The stock went up 1.33% ($1.48) to $112.47, after touching an intraday high at $112.72, or a price level not seen since January 4th ($113.00).

In the week ended on January 14th the shares of the entertainment company added 0.76% to their market value compared to a week ago, which marked a second consecutive period of gains.

The stock has extended its advance to 4.61% so far during the current month, following a 2.57% surge in December. The latter has been a second straight monthly gain, but yet, the smallest one since April 2017.

For the entire past year, the shares of the NYSE-listed company gained 3.16% following a 0.82% retreat in 2016.

Bob Iger received $36.28 million in total compensation during fiscal year 2017, or a decrease from $43.88 million during the preceding fiscal year.

Iger’s base salary remained without change at $2.5 million, while his stock awards were estimated at $8.98 million, almost unchanged as well. However, the CEO’s non-equity incentive compensation shrank to $15.2 million in fiscal 2017 from $20 million in fiscal 2016.

At the same time, Christine McCarthy, Walt Disney’s Chief Financial Officer, saw her total compensation shrink to $8.95 million in fiscal 2017 from $10.2 million in the prior year. An increase in her base salary was more than offset by a drop in bonuses.

Meanwhile, Chief Strategy Officer Kevin Mayer’s total compensation dropped to $8.4 million in fiscal 2017 from $10.1 million in fiscal 2016.

According to CNN Money, the 26 analysts, offering 12-month forecasts regarding Walt Disney’s stock price, have a median target of $117.50, with a high estimate of $135.00 and a low estimate of $90.00. The median estimate is a 4.47% surge compared to the closing price of $112.47 on January 12th.

The same media also reported that 16 out of 27 surveyed investment analysts had rated Walt Disney’s stock as “Buy”, while 8 – as “Hold”. On the other hand, 2 analysts had recommended selling the stock.

Daily and Weekly Pivot Levels

With the help of the Camarilla calculation method, today’s levels of importance for the Walt Disney stock are presented as follows:

R1 – $112.63
R2 – $112.79
R3 (Range Resistance – Sell) – $112.94
R4 (Long Breakout) – $113.42
R5 (Breakout Target 1) – $113.97
R6 (Breakout Target 2) – $114.21

S1 – $112.31
S2 – $112.15
S3 (Range Support – Buy) – $112.00
S4 (Short Breakout) – $111.52
S5 (Breakout Target 1) – $110.97
S6 (Breakout Target 2) – $110.73

By using the traditional method of calculation, the weekly levels of importance for Walt Disney Company (DIS) are presented as follows:

Central Pivot Point – $111.40
R1 – $113.79
R2 – $115.11
R3 – $117.50
R4 – $119.89

S1 – $110.08
S2 – $107.69
S3 – $106.37
S4 – $105.05

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