|Bid||0.00 x 800|
|Ask||0.00 x 800|
|Day's Range||39.06 - 41.40|
|52 Week Range||34.94 - 51.88|
|Beta (3Y Monthly)||0.31|
|PE Ratio (TTM)||5.31|
|Forward Dividend & Yield||0.36 (0.71%)|
|1y Target Est||51.50|
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.
FOX News Channel will present a town hall with former Starbucks CEO and potential 2020 Independent presidential candidate Howard Schultz, co-anchored by Bret Baier and Martha MacCallum on Thursday, April 4th from 6:30-7:30PM/ET in Kansas City, Missouri.
Fox Corp debuted on the Nasdaq on Tuesday, marking a new phase for billionaire Rupert Murdoch's media business after the $71 billion sale of Twenty-First Century Fox Inc's film and television assets to Walt Disney Co. The company also appointed former U.S. House Speaker Paul Ryan, Chief Executive Officer of Formula One Group Chase Carey and two others to its board. Carey was president and chief operating officer at Twenty-First Century Fox from 2009 to 2015.
NEW YORK and LOS ANGELES, March 19, 2019 /PRNewswire/ -- Fox Corporation (Nasdaq: FOXA, FOX) (the "Company" or "FOX") announced that the Company this morning became a standalone company and, when the markets open, will begin regular trading of its Class A and Class B Common Stock ("Common Stock") on Nasdaq Global Select Market under the symbols "FOXA" and "FOX," respectively. Twenty-First Century Fox, Inc. ("21CF") completed the separation of the Company through the distribution of all of the outstanding shares of the Company's Common Stock to 21CF stockholders (other than holders that were subsidiaries of 21CF) on a pro rata basis (the "Distribution").
NEW YORK, March 19, 2019 /PRNewswire/ -- Twenty-First Century Fox, Inc. ("21CF") (NASDAQ: TFCFA, TFCF) announced that it has today completed the distribution of all issued and outstanding shares of Fox Corporation ("FOX") common stock to 21CF stockholders (other than holders of the shares held by subsidiaries of 21CF) on a pro rata basis (the "Distribution"). 21CF and FOX are now each a standalone, publicly traded company. FOX Class A common stock and FOX Class B common stock are now listed on the Nasdaq Global Select Market ("Nasdaq") under the symbols "FOXA" and "FOX," respectively.
Beats CNN.com in Two Key Metrics and Marks Other Year-Over-Year Increases Across the Board
NEW YORK and BURBANK, Calif. , March 18, 2019 /PRNewswire/ -- Twenty-First Century Fox, Inc. ("21CF") (NASDAQ: FOXA, FOX) and The Walt Disney Company ("Disney") (NYSE: DIS) announced ...
FOX News Channel (FNC) has signed former Democratic National Committee Chairwoman Donna Brazile as a contributor, the network announced today. Brazile, a veteran Democratic strategist, will offer political analysis across both FNC and FOX Business Network’s (FBN) daytime and primetime programming. In commenting on the announcement, Brazile said, "I'm delighted to be joining FOX News.
rose more than 5% on Monday following a report that said cable media titan John Malone's Liberty Media was considering making a bid for the company. The New York Post reported on Friday that Liberty Media, which owns a majority of Sirius XM and the Atlanta Braves as well as a stake in Formula One, is considering making a bid for MSG Networks, whose bread-and-butter is broadcasting games for the NBA's New York Knicks and NHL's Rangers and Islanders.
The largest Insider Buys this week were for Twenty-First Century Fox Inc. (FOX), CVS Health Corp. (CVS), Cigna Corp. (CI) and Dominion Energy Inc. (NYSE:D). Executive Chairman Lachlan K. Murdoch bought 316,317 shares of FOX stock on March 14 at the average price of $51.2.
The Walt Disney Company and Twenty-First Century Fox, Inc. , in connection with Disney’s acquisition of 21CF , announced today the preliminary results of the elections made by 21CF stockholders regarding the form of consideration they wish to receive in exchange for their shares of 21CF common stock in the Acquisition in accordance with the Amended and Restated Agreement and Plan of Merger , dated ...
Over the last four years, Disney (NYSE:DIS) stock has not rewarded the long-term shareholders well enough to get excited about its future prospects. From January 2015 to March 2019, Disney stock has range-traded between a low of $90 and a high of $120. And DIS has mostly underperformed other Dow Jones stocks.Source: Baron Valium via FlickrHowever, I believe that Disney stock now offers fundamental value and growth potential. Year-to-date, it is up almost 4%.On Mar. 14, it closed at $114.48 and in the next few months, the stock is likely to go and stay over $120. Therefore, I suggest that long-term investors consider adding Disney stock into a diversified portfolio.InvestorPlace - Stock Market News, Stock Advice & Trading TipsHere is why … Disney's Robust Revenue StreamsDisney, the media and entertainment conglomerate, has diversified revenue streams, spanning across multiple geographies. It also enjoys tremendous brand recognition globally.Four segments constitute the revenue areas for Disney: * Media networks (such as ABC and ESPN), * Parks and Resorts (such as Disneyland and cruise lines), * Studio Entertainment (such as Lucasfilm, and Marvel), * Consumer Products & Interactive Media (such as the retail chain, The Disney Store, and ESPN+)On Feb. 5, the company reported revenues of $15.3 billion and earnings of $1.84 a share and beat analysts' estimates on both. Investors noted that Disney will be repositioning itself toward direct-to-consumer (DTC) services. Disney Has an Exciting Year AheadIn all four segments, 2019 promises to be an exciting year for the entertainment powerhouse. * 5 of the Best Stocks to Buy Under $10 Some of the movies being released include Captain Marvel, Dumbo, Disneynature's Penguins, Avengers: Endgame, Aladdin, Toy Story 4, The Lion King, Artemis Fowl, Frozen 2 and Star Wars: Episode 9. Although it is hard to know the exact earnings potential of each release, many of them are expected to become blockbuster hits.In 2018, Disney's theme parks enjoyed increasing attendance rates and higher guest spending, leading to double-digit growth in revenues. Both California and Florida will be welcoming new Star Wars theme park extensions later in the year. And analysts are expecting another stellar year for the parks, partly due to the Star Wars boost.Its new streaming service, Disney+, will launch by the end of the year and include original movies and TV shows from Disney's brands, including Marvel and Pixar. The platform is expected to concentrate largely on offering content for families. In preparation for this service, DIS is expected to pull its movies off of Netflix (NASDAQ:NFLX).Disney's ESPN+ platform, the DTC sports entertainment video service, already has over 2 million subscribers. On Apr. 11, the company will hold an investor day when it will provide a first look at Disney+ and its original content.This year, Disney will also finalize the acquisition of most of the assets from Twenty-First Century Fox (NASDAQ:FOX, NASDAQ:FOXA). The merger deal will give Disney access to Fox's popular film production businesses, including 20th Century Fox, Fox Searchlight Pictures, Fox 2000, as well as Fox's television businesses.Company management has been upbeat about the positive effects of Fox's popular franchises and branded content on Disney's ecosystem. With this acquisition, the company will also control a majority of Hulu, another streaming-media company, whereby Disney's 30% stake is set to become 60%. In the end, Hulu is expected to have mostly adult content as opposed to Disney+, which will focus on kids and will not even feature any R-Rated movies. Corporate TransformationWithin the past decade, the entertainment marketplace has been changing as we have witnessed the impressive growth of streaming and mobile video. Now the end-user has much more control of what to watch. Creating growth opportunities in this competitive industry requires proactive management. And that's where one of Disney's strengths may lie.It has been a premier entertainment company for over ninety years. It started as a niche provider of animated children's content. Then following the robust domestic growth until the 80's, it started its international expansion by opening several theme parks globally. In 1983, the Disney Channel also began programming, setting the stage for expanding the group's influence across many segments. In 1996, Disney opened its first website as well as a radio station. 21st century saw Disney acquiring many prestigious brands and companies, such as Pixar Animation Studios and Marvel Entertainment as well as Lucasfilm, which gave the company the rights to the Star Wars Franchise. As a result, DIS has content to appeal to every age and interest group globally.I believe we are now witnessing the next stage in Disney's history as the company has been working hard to enter the technology-driven content distribution space. The combined content library of Disney and Fox which will be streamed over three platforms, i.e., Disney+, ESPN+ and Hulu, is expected to give Disney enough power to rival Netflix.Netflix, which started its streaming business in 2007 as a content aggregator and later moved on to create its own original content, currently has over 140 million global subscribers. Analysts expect DIS to surpass this number and rival Netflix's market share.The upcoming 5G revolution should also be a strong catalyst for the entertainment industry and the share price for the leaders of the DTC streaming model.5G stands for "fifth generation mobile networks." The benefits of 5G will include much faster download speeds, more data capacity -- a must for the Internet of Things (IoT) devices -- and very little lag in mobile applications, which should have a positive impact on the development of online gaming, streaming, smart cities as well as self-driving cars. * 7 Dividend Stocks to Buy Today The next few years will show if Disney will be able to carry out this new phase of corporate expansion effectively. The Bottom Line on DIS StockI regard DIS stock as one of the key entertainment and media stocks to buy for value and future growth. Despite the lagging share price since 2015, the company has an extremely strong global brand and exciting growth prospects in streaming media.March may bring further volatility to the stock market and I would not advocate bottom picking; however, I find Disney stock to be a compelling buy candidate at current levels. Since 2011, the company has also been paying a dividend, with a current yield of 1.54%. Long-term investors may see any further price declines as opportunities to go long DIS stock. In three to four years, patient shareholders are likely to be rewarded handsomely.As of this writing, Tezcan Gecgil did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dividend Stocks to Buy Today * 7 ETFs to Buy to Ride the Longevity Economy * 7 Winning High-Yield Dividend Stocks With Payouts Over 5% Compare Brokers The post Why Disney Stock Is Worth a Buy At Current Levels appeared first on InvestorPlace.
NEW YORK , March 14, 2019 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500 & S&P 100: Fox Corp. (NASD: FOXAV; FOXBV) will be added to the S&P 500 ...