|Bid||37.14 x 1000|
|Ask||37.23 x 800|
|Day's Range||36.46 - 37.35|
|52 Week Range||34.94 - 51.88|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||4.96|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||51.50|
Guggenheim restarted coverage of the new Fox Corp. (NASDAQ: FOXA ) with a bullish stance on the TV network company’s prospects for growth as much as the rest of the television world fractures in the face ...
Benzinga has examined prospects for many investor favorite stocks over the past week. Bullish calls included some big names that American consumers love. And bearish calls included some embattled industry ...
CNN anchor Chris Cuomo recently slammed rival Fox News as “state TV” and “pawns of the president.” Disagree? A poll released on Thursday might — but probably won’t — change your mind.
How Disney’s Fox Acquisition Could Pay OffDisney-Fox acquisitionYesterday, Walt Disney (DIS) finally closed its long-awaited acquisition of most of 21st Century Fox’s (FOX) (FOXA) media and entertainment assets. The $71.3 billion deal concluded
Sell-side enthusiasm about the new Fox Corporation (Nasdaq: FOXA ) continued Thursday, with Credit Suisse taking a bullish stance on the new TV network company that was spun off from the old 21st Century ...
Where mentorship can get you somewhere in work and life, a sponsorship can be the most crucial relationship of your entire career, as economist and author Sylvia Ann Hewlett explains why, and how women can get sponsorships in the #MeToo era.
Announcement: Moody's says Comcast's consent solicitation and proposed guarantee of Sky's bonds has positive implications for Sky's debt ratings. Global Credit Research- 21 Mar 2019. New York, March 21, ...
Bank of America Merrill Lynch on Wednesday initiated coverage of the new F ox Corporation (NASDAQ: FOXA ) with a bullish thesis on the stock, citing the new company’s proven TV network brands and its already ...
Fox also announced that it will hold its first investor conference as a slimmed-down company on May 9, 2019.
Today is historic for Disney (NYSE:DIS) stock, as the company closed its $71 billion acquisition of assets of Twenty-First Century Fox (NASDAQ:FOX).Source: Shutterstock For Disney CEO Robert Iger, the deal had its challenges. Keep in mind that Disney's rival, Comcast, (NASDAQ:CMCSA) tried to buy the Fox assets. But Iger got aggressive, boosting the price that DIS was willing to pay by about $19 billion. * 5 Cloud Stocks to Help Your Portfolio Fly But I think it was a good move, and the deal is likely to spark meaningful increases in the DIS stock price. The transaction brought marquee assets to DIS, like major film franchises (Avatar and Marvel's X-Men), TV shows (Empire, Modern Family, American Horror Story: Roanoke and American Dad) and cartoons (Ice Age and Rio).Yet there are certainly more reasons to be bullish about DIS stock than just the FOX deal.InvestorPlace - Stock Market News, Stock Advice & Trading TipsSo let's take a look at three reasons to be bullish about Disney stock. Reason to Be Bullish on Disney Stock: Diverse AssetsAs seen with companies like GE (NYSE:GE), it's tough to run disparate businesses. But this has not been an issue for Disney. The company's diverse assets all are well-managed and seamless.The conglomerate's Parks and Consumer Products segment continues to grow at a nice pace. Keep in mind that the unit has been able to raise its prices, a testament to the power of the company's premium brand and a positive catalyst for Disney stock price. And the company continues to launch new parks, such as those focused on Star Wars.Then there is Disney's studio business. Last quarter, the company's movie unit slipped, as some films, such as Mary Poppins Returns and The Nutcracker and the Four Realms, performed badly at the box office.But in 2019, Disney's strong slate of movies should be a positive catalyst for Disney stock. Some of the company's upcoming films are Dumbo, Aladdin, Star Wars: Episode 9, Frozen 2 and Avengers: Endgame. It's pretty reasonable to assume that some of these flicks will be mega hits. Reason to Be Bullish on Disney Stock: StreamingStreaming is likely to be a game-changer for Disney stock. Iger is going all in on streaming. In the wake of the FOX deal, Disney's equity position in Hulu will rise to 60%. The service currently has 25 million subscribers.But the Disney+ streaming offering will be a bigger driver of Disney stock price. The service, which is expected to launch later this year, will have rich content, with titles from the Pixar, Marvel and Lucasfilm franchises. Also available through the channel will be the entire "Disney Vault," which is the company's large set of animated films. That content alone is likely to make Disney+ a must have for many consumers.Indeed, JPMorgan's (NYSE:JPM) Alexia Quadrani predicts that the service could attract as many as 50 million subscribers by the end of next year and eventually surpass Netflix (NASDAQ:NFLX). If she's right, Disney stock would be boosted by a notable increase of the company's recurring revenues. Moreover, the company's relationships with its customers would be strengthened, potentially leading to better targeting and content.Actually, if DIS gets that kind of traction, there would be a disconnect between its performance and DIS stock price. After all, DIS stock has a market cap of $167 billion whereas that of NFLX stock is $161 billion. Reason to Be Bullish on Disney Stock: Financials and ValuationThe valuation of Disney stock is fairly reasonable, as its forward price-earnings ratio is about 16. That is in-line with the multiple that DIS stock has had for the past four to five years. But with the expected catalysts from the film pipeline, the growth of the Parks business and the boost from streaming, the multiple of Disney stock could easily increase.Tom Taulli is the author of High-Profit IPO Strategies, All About Commodities and All About Short Selling. Follow him on Twitter at @ttaulli. As of this writing, he did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Invincible Stocks Leading The Bull Market Higher * 5 Dow Jones Stocks Coming to Life * 7 of the Best High-Yield Funds for 2019 and Beyond Compare Brokers The post 3 Reasons to Be Bullish on Disney Stock appeared first on InvestorPlace.
NEW YORK and LOS ANGELES, March 20, 2019 /PRNewswire/ -- Fox Corporation (NASDAQ: FOXA, FOX) (the "Company") announced today that yesterday, pursuant to the combination merger agreement among Twenty-First Century Fox, Inc. ("21CF"), The Walt Disney Company ("Disney" – NYSE: DIS) and certain of their subsidiaries, the Company paid to 21CF a dividend in the amount of $8.5 billion. The final determination of the taxes in respect of the separation and distribution for which the Company is responsible pursuant to the combination merger agreement and a prepayment of the estimated taxes in respect of divestitures – referred to collectively as the transaction tax – was $6.5 billion.
Walt Disney Co. has closed its roughly $71 billion acquisition of Fox’s entertainment business, putting “Cinderella,” ‘’The Simpsons,” “Star Wars” and “Dr. Strange” under one corporate roof.
The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. - Anheuser-Busch InBev said four directors would leave at its ...
Fox Corp., which began trading as a standalone company Tuesday after a spinoff from 21st Century Fox, named directors including Paul Ryan, former speaker of the U.S. House of Representatives, to its board....
Shares of the entertainment empire spun off New Fox, which began trading separately, before Disney takes over the rest of the company.
Stocks that moved substantially or traded heavily on Tuesday: DSW Inc., down $3.27 to $22.09 The footwear retailer surprised investors with a fourth-quarter loss. Michaels Cos., up $1 to $12.79 The arts ...
The new Fox Corp. (NASDAQ: FOXA ) began trading Tuesday after its spinoff from 21st Century Fox and named new directors for the company, including former Speaker of the House Paul Ryan. The new Fox includes ...
The Comcast Corporation is the second-largest cable television and broadcasting company in the world. The acquisitions and subsidiaries below have helped it to achieve this impressive status.
The new, slimmed-down Fox Corp. made its debut on the stock market on Tuesday as The Walt Disney Co. prepares to take over 21st Century Fox’s entertainment assets just after midnight Eastern time on Wednesday morning. Fox (NASDAQ: FOXA, FOX, FOXAV, FOXBV) is now a standalone company that produces and distributes news, sports and entertainment content through Fox News, Fox Sports, the Fox Network and the Fox Television Stations. The company also announced the addition of four new board directors, including former Speaker of the House Paul Ryan and Formula 1 chief Chase Carey.
The stand-alone Fox Corporation business has begun trading Tuesday, March 19, as Fox investors will now have clarity on where to find their ticker. Fox Corporation shares were trading down 3.25% Monday to $40.17 a share. , which Disney will officially own starting Wednesday, March 20, were trading down 3.66% to $40.17 a share Tuesday.