If You Invested $1,000 In Disney Stock When DeSantis Became Governor, You'd Have This Much Now
If You Invested $1,000 In Disney Stock When DeSantis Became Governor, You'd Have This Much Now
One of the largest media companies in the world is at odds with a leading political figure.
Here's a look at the stock performance of The Walt Disney Company (NYSE:DIS) during Florida Governor Ron DeSantis's time in office.
What Happened: DeSantis, who won Florida's gubernatorial election in 2018 and 2022, recently announced his official candidacy for the 2024 presidential election.
This could be good news for Disney as it could mean the GOP favorite will spend less time worrying about the entertainment giant's local theme park operations as he campaigns nationally.
DeSantis took offense when Disney spoke out in opposition to the Parental Rights in Education Act, also known as the "Don't Say Gay" bill. Since then, DeSantis stripped Disney of the self-governing powers the conglomerate has enjoyed over its Orlando, Florida territory since 1967.
In February, DeSantis signed a bill to strip Disney of the special powers it had and implement new board members to oversee the Florida territory.
"Today, the corporate kingdom finally comes to an end," DeSantis proclaimed at the bill's signing ceremony.
The Disney controlled Reedy Creek Board passed a clause prior to DeSantis' bill that could see it keep self-governing power until "21 years after the death of the last survivor of the descendants of King Charles II." This intensified the rivalry and resulted in lawsuits.
DeSantis, a Jacksonville, Florida native, has spoken out about the clause and even said he would consider selling off land near Disney or putting a jail near the theme park.
As the drama unfolds, with lawsuits that could potentially reach the Supreme Court, here's a look at Disney's stock performance ever since DeSantis took office.
See Also: Disney Vs. DeSantis Goes Directly To Classroom With Teacher Under Investigation
Investing $1,000 in Disney Stock: DeSantis, who previously served as a U.S. House of Representative for the state, narrowly won the Florida governor election in 2018 with 49.6% of the vote. A close battle that saw DeSantis win by 0.4% triggered an automatic recount.
Shares of Disney traded as high as $112.56 on the day DeSantis took office on Jan. 8, 2019. A $1,000 investment in the media company could have purchased 8.88 shares of DIS.
The $1,000 investment would be worth $777 today, based on a price of $87.50 for Disney shares at the time of writing.
The investment would be down 22.3% in the last four plus years.
For comparison, a $1,000 investment in the SPDR S&P 500 Global ETF Trust (NYSE:SPY) would have returned 62.1% for investors over the same time period.
Shares of Disney have traded between $84.08 and $126.48 over the last 52 weeks.
Benzinga previously shared that DeSantis' re-election win in 2022 coincided with Disney's reporting quarterly financial results that missed expectations.
A battle between Disney and DeSantis is one of several items weighing on the company's stock and a key item for investors to consider.
Read Next: DeSantis Says He's More Likely To Win The Election, Accuses Trump Of 'Moving To The Left'
Image: Pixabay/Shutterstock
世界上最大的媒体公司之一与一位主要政治人物存在分歧。
下面我们来看看华特迪士尼公司(NYSE:DIS)在佛罗里达州长罗恩-德桑蒂斯(Ron DeSantis)执政期间的股票表现。
发生了什么: 德桑蒂斯在2018年和2022年赢得佛罗里达州州长选举,最近宣布正式竞选2024年总统大选。
这对迪士尼来说可能是个好消息,因为这可能意味着这位共和党的最爱在全国范围内竞选时将减少花在担心这家娱乐巨头当地主题公园运营上的时间。
当迪士尼大声疾呼反对《父母教育权利法》(也称为 “不要说同性恋” 法案)时,德桑蒂斯很生气。从那时起,德桑蒂斯剥夺了迪士尼集团自1967年以来在佛罗里达州奥兰多领土上享有的自治权力。
2月,德桑蒂斯签署了一项法案,剥夺了迪士尼的特殊权力,并任命了新的董事会成员来监督佛罗里达领土。
德桑蒂斯在该法案的签署仪式上宣称:“今天,企业王国终于结束了。”
迪士尼控制的Reedy Creek董事会在德桑蒂斯法案之前通过了一项条款,该条款可能将自治权保留到 “查理二世国王后代的最后一位幸存者去世21年后”。这加剧了竞争并导致了诉讼。
来自佛罗里达州杰克逊维尔的德桑蒂斯已经就该条款发表了讲话,甚至表示他将考虑出售迪士尼附近的土地或在主题公园附近建监狱。
随着电视剧的展开,诉讼有可能提交最高法院,以下是迪士尼自德桑蒂斯上任以来的股票表现。
另见:迪士尼大战DeSantis 直接去教室老师正在接受调查
投资 1,000 美元购买迪士尼股票: 曾担任该州美国众议院的德桑蒂斯以49.6%的选票以微弱优势赢得了2018年的佛罗里达州州长选举。一场让德桑蒂斯以 0.4% 的优势获胜的近距离战斗触发了自动重新计票。
2019年1月8日德桑蒂斯上任当天,迪士尼的股票交易价格高达112.56美元。对这家媒体公司的1,000美元投资本可以购买8.88股DIS股票。
根据撰写本文时迪士尼股票的87.50美元,今天的1,000美元投资将价值777美元。
在过去四年多的时间里,投资将下降22.3%。
相比之下,在... 上投资 1,000 美元 SPDR 标准普尔 500 指数全球 ETF 信托基金 纽约证券交易所代码:SPY)将在同一时期为投资者带来62.1%的回报。
在过去的52周中,迪士尼的股票交易价格在84.08美元至126.48美元之间。
本辛加此前曾分享说,DeSantis 在 2022 年连任的胜利恰逢迪士尼公布的季度财务业绩未达到预期。
迪士尼和德桑蒂斯之间的争夺是压制该公司股票的几个问题之一,也是投资者需要考虑的关键问题。
继续阅读:德桑蒂斯说他更有可能赢得大选,指责特朗普 “向左移动”
图片:Pixabay/Shutterstock
译文内容由第三方软件翻译。
风险及免责提示
- 分享到weixin
- 分享到qq
- 分享到facebook
- 分享到twitter
- 分享到微博
- 粘贴板
使用浏览器的分享功能,分享给你的好友吧