Jonathan S. Headley has been named Senior Vice President and Treasurer of Walt Disney Co (NYSE:DIS), it was announced today by Christine M. McCarthy, Senior Executive Vice President and Chief Financial Officer, The Walt Disney Company.
“During his 11-year tenure as Assistant Treasurer, Jon has shown himself to be a highly effective financial executive, and his proven expertise, leadership skills and strategic acumen make him the right choice for this role,” Ms. McCarthy said. Mr. Headley will report directly to Ms. McCarthy, who had previously served as Treasurer before becoming CFO earlier this summer.
In his new role, Mr. Headley will be responsible for the management and oversight of the company’s global treasury functions including corporate finance, liquidity management, capital markets and banking activities, financial risk management, enterprise project and structured finance, pension and investments, decision support, enterprise consumer payments and global cash management.
“I am honored to assume this new role and to lead the great team that Christine has managed so effectively over the years,” Mr. Headley said. “This is an exciting time of unprecedented growth at The Walt Disney Company and I am grateful to be able to leverage my experience into this new role and help shape the future of the organization.”
Mr. Headley most recently served as Senior Vice President, Corporate Finance and Assistant Treasurer. In that role, he led and managed corporate finance, decision support, treasury control & compliance, real estate strategy and asset management. Mr. Headley joined the corporate finance team in 1996 as a Senior Analyst, and went on to assume roles of increasing responsibility within the department. He served as Treasurer of Hong Kong Disneyland during the park’s development, and in 2004 he was named Assistant Treasurer of The Walt Disney Company.
Prior to joining Disney, Mr. Headley was an analyst at Goldman Sachs & Co. and a research associate at Harvard University. He holds an MBA from Harvard Business School and a B.A. in Economics and Computer Science from Williams College in Massachusetts. (Original Source)
Shares of Walt Disney closed today at $99.51, down $2.37 or 2.33%. DIS has a 1-year high of $122.08 and a 1-year low of $78.54. The stock’s 50-day moving average is $111.52 and its 200-day moving average is $109.13.
On the ratings front, Walt Disney has been the subject of a number of recent research reports. In a report issued on August 25, Wells Fargo analyst Marci Ryvicker downgraded DIS to Hold. Separately, on August 21, Cowen’s Doug Creutz maintained a Hold rating on the stock and has a price target of $89.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Marci Ryvicker and Doug Creutz have a total average return of 24.7% and 16.8% respectively. Ryvicker has a success rate of 82.0% and is ranked #74 out of 3742 analysts, while Creutz has a success rate of 53.8% and is ranked #589.
The street is mostly Bullish on DIS stock. Out of 12 analysts who cover the stock, 11 suggest a Buy rating and one recommends to Hold the stock. The 12-month average price target assigned to the stock is $123.11, which implies an upside of 23.7% from current levels.