|Bid||0.00 x 1400|
|Ask||0.00 x 800|
|Day's Range||110.08 - 112.62|
|52 Week Range||96.20 - 113.19|
|PE Ratio (TTM)||14.78|
|Earnings Date||Aug 7, 2018|
|Forward Dividend & Yield||1.68 (1.60%)|
|1y Target Est||116.29|
Disney CEO Bob Iger and Comcast CEO Brian Roberts are in direct competition over Twenty-First Century Fox and Sky for one overarching reason: internet streaming. The appeal of Sky to the likes of Comcast or Disney is such that owning the firm would give them both a rare opportunity to diversify out of the U.S. and reach consumers more directly. Disney DIS and Comcast CMCSA are currently locked in a transatlantic bidding war for one of the entertainment industry’s most coveted assets.
Walt Disney Co. has operations around the country. It also owns ABC, ESPN, Pixar, Marvel Studios and Lucasfilm., and is also in the process of buying 21st Century Fox’s entertainment assets. Here are recent stories on Disney reported by The Business Journals.
While the final chapter of this tale has yet to be told, there are reasons to believe that the House of Mouse will prevail in its bidding war against Comcast.
Netflix Inc.’s stock rebounded from its steepest drop in two years, as investors went past disappointing quarterly earnings to focus on long-term growth. “Long-term fundamental trends remain intact,” RBC Capital Markets’ Mark Mahaney, who recommends buying the shares, wrote in a note to investors. The stock has been volatile in the past when its earnings deviated from forecasts because investors are trading on future potential rather than current earnings.
Ahead of Q2 earnings, it was starting to feel a little bit like a game of one-upmanship when it comes to Netflix, Inc. (NASDAQ:NFLX) stock. As Netflix stock continues to soar – it had more than doubled this year before Monday’s release – several major Wall Street firms rushed to apply ever-higher targets. Last month, it was Goldman Sachs Group Inc (NYSE:GS) who took its price target on Netflix stock to $490.
While Wall Street remains overwhelmingly positive on Netflix and its role in video streaming globally, the second quarter figures did raise question marks over future growth and six brokerages cut their price targets on the company's shares. "The quarter is a reminder that Netflix's cadence of net adds is not linear, but lumpy in nature," said Justin Patterson, an analyst with Raymond James and Associates in San Francisco, while pointing to the absence of a new hit series as a driver.
Two entertainment giants, Walt Disney (DIS) and Comcast (CMCSA), are fighting over the assets of Twenty-First Century Fox (FOXA). Those assets include a 39% stake in London-based Internet service provider Sky. Fox and Comcast are both looking to acquire a 61% stake in Sky.
An increasing number of companies are planning to launch their streaming service and are fast trying to invade Netflix's space.
The Walt Disney Company (DIS) is set to acquire most of the media and entertainment assets of Twenty-First Century Fox (FOXA). Disney’s half cash and half stock offer values Fox at $71.3 billion, which is better than Comcast’s (CMCSA) all-cash $65 billion proposal made last month just a few weeks before Disney’s bid.
The most noteworthy losers were Ford Motor (NYSE:F) and Chesapeake Energy (NYSE:CHK), which are noteworthy names, but not exactly heavy hitters. Most observers don’t recognize that on the first trading day of this week, decliners outnumbered advancers, and down volume outpaced up volume. To that end, Tuesday’s top trading prospects are stock charts of Walt Disney (NYSE:DIS), Eastman Chemical (NYSE:EMN) and Sealed Air (NYSE:SEE).
Highlights of this day in history: TWA Flight 800 explodes; Russia's royal family executed; Disneyland opens; Nicaragua's Somoza goes into exile; Apollo and Soyuz link up in space; Baseball's Ty Cobb and jazz great John Coltrane die. (July 17)