|Bid||50.41 x 1800|
|Ask||51.01 x 900|
|Day's Range||50.38 - 50.83|
|52 Week Range||34.94 - 50.83|
|Beta (3Y Monthly)||0.31|
|PE Ratio (TTM)||6.82|
|Forward Dividend & Yield||0.36 (0.72%)|
|1y Target Est||51.50|
The Latest in Big Media: DIS, DISH, CHTR, DISCA, and CBS(Continued from Prior Part)Studio revenue fellHulu has committed to purchasing more content for its video streaming service from the Walt Disney Company (DIS). A deal reached early this
Where's the 'Next Warren Buffett' Placing His Bets?(Continued from Prior Part)Cheniere EnergyAfter Twenty-First Century Fox (FOX) (FOXA), Cheniere Energy (LNG) is Seth Klarman’s biggest bet, accounting for 7.3% of Baupost Group’s portfolio for
Where's the 'Next Warren Buffett' Placing His Bets?Seth Klarman’s betsIn this series, we’ll look at where billionaire hedge fund manager Seth Klarman, who some have hailed as the next Warren Buffett (BRK-B), is placing his bets. Klarman’s
The companies earlier this week accepted the divestment recommendation of Brazil’s antitrust regulator, and at a meeting next week they’ll present an agreement to pursue the sale, said two of the people, who asked not to be identified because the discussions aren’t public. In Mexico, Disney expects the country’s telecommunications regulator to require the sale of Fox Sports and is willing to agree to it, according to one person.
Disney (NYSE:DIS) remains in wait-and-see mode. Expectations regarding most of its divisions appear baked into the price of Disney stock. The move higher DIS saw in the first half of the decade came to an end when customers began to drop pay TV services.Source: Shutterstock Hence, resumption of the growth in DIS stock hinges on the success of the successors to its declining cable channels, especially Disney+.The struggles for Disney stock began in 2015 when the Disney Channel and ESPN saw lower viewership as consumers transitioned to must cheaper streaming services. The company finally answered by announcing upcoming launches for both ESPN+ and Disney+.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Smart Money Stocks to Buy Now While that has fueled some level of optimism, Disney has done little since its channels lost viewers. It will continue to do little until those viewers come back through the streaming services. A Closer Look at Disney StockLittle else offers little long-term meaning to the Burbank, California-based media giant. The fact that DIS beat its mediocre earnings expectations holds little significance. We know that the Parks, Experiences, and Theme Parks division remains the fastest-growing part of the company.Also, anyone who casually observes the entertainment industry will understand the struggles with both Lucasfilm and ABC. Given the stagnation that Disney has faced amidst that news implies that investors have already priced these realities into DIS stock.Financials also offer little incentive to break Disney stock out of its range. DIS trades at 15.2 times forward earnings. Analysts forecast no profit growth for 2019, and only a 3.8% increase in 2020. By themselves, such metrics will motivate neither buying nor selling of DIS stock. Disney+ Is the keyThe only thing I can see breaking this holding pattern is a part of its Direct-to-Consumer and International division, specifically Disney+. Most already regard Disney as holding the most popular content library. The acquisition of media assets from Twenty-First Century Fox (NASDAQ:FOXA, NASDAQ:FOX) further strengthened its dominance regarding content.If the launch of ESPN+ serves as an indicator, Disney+ could turn into the catalyst DIS needs to break out of its range. The numbers with ESPN+ show promise. ESPN+ launched in 2018. Already, the service boasts over two million subscribers, double the number from five months ago.While streaming remains a money loser for Disney, this massive subscriber growth will likely turn those numbers around in time. Moreover, market leadership would empower Disney to raise the costs of its services. ESPN+ subscribers pay only $5 per month right now.I think this bodes well for the launch of Disney+. Due to the content library, I see Disney+ as an almost instant market leader once it launches. Further, the launch deals an immediate blow to Netflix (NASDAQ:NFLX) who will no longer show Disney content at that point.Content should also help Disney+ outperform Amazon's (NASDAQ:AMZN) Prime Video and HBO Now from AT&T (NYSE:T). Still, it is handing defeat to Netflix that could create the anticipation needed to bring buyers back into DIS. The Bottom Line on Disney StockMuch like the decline of the Disney channel hampered DIS, a successful Disney+ launch could resume the growth of DIS. Investors have priced both the successes and challenges in most of Disney's divisions into the price of DIS stock.Moreover, both the price-to-earnings ratio and the expected profit growth stand at steady, but unimpressive levels.Hence, we have to assume Disney+ is the defining factor. Early numbers from ESPN+ imply Disney can achieve impressive growth numbers in streaming. Furthermore, the Disney content library could make Disney+ the most popular streaming service within a short time.Disney+ launches in late 2019. Once the company announces the specific launch date, I recommend opening a position in Disney stock before that time. Even if profitability takes some time, high growth numbers could propel DIS out of its range. Once that occurs, the equity can finally resume the growth it enjoyed until 2015.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 10 Best Cheap Stocks to Buy Right Now * 5 Stocks Under $5 to Buy Before They Soar * 5 Consumer Stocks to Cash Out Of Compare Brokers The post The Potential for Disney Stock Begins and Ends with Disney+ appeared first on InvestorPlace.
John Finley has been named Executive Vice President of Development and will oversee FOX Nation, announced Suzanne Scott, Chief Executive Officer of FOX News and FOX Business Network (FBN). In this role, Finley will continue developing all new programs, series and documentaries for FOX News and will now run FOX Nation, reporting directly to Scott.
“Alita: Battle Angel” outpaced expectations for the expensive sci-fi action-adventure, flying to an estimated $43 million since its Thursday debut.
Twenty-First Century Fox Inc. (NASDAQ:FOXA) (2.5%) (FOX/FOXA - $47.78/$48.12 - NASDAQ) is a diversified media company with operations in cable network television, television broadcasting, and filmed entertainment. On November 19, 2018, Disney received approval from Chinese regulators to acquire FOX's assets.
FOX News Digital Finishes First in Multi-Platform Total Minutes
NEW YORK and LOS ANGELES , Feb. 14, 2019 /PRNewswire/ -- Fox Corporation, the company to be spun-off in connection with 21st Century Fox's (21CF) merger with The Walt Disney Company, today announced that ...
FOX News Channel (FNC) has appointed Michael Tammero to Senior Vice President of Event Marketing and host of on-air entertainment programming. Tammero, who previously led day-to-day marketing for the network, signed a multi-year deal and will begin his new role immediately. In this capacity, Tammero will cover entertainment and pop culture across all platforms, including FNC, FOX Business Network (FBN), FOX Nation, FOX News Digital, the affiliate news service Fox News Edge, as well as FOX News Radio, reporting to Chief Operating Officer of FOX Television Stations and FNC Senior Vice President of News Operations, Sharri Berg.
Warning! GuruFocus has detected 3 Warning Sign with SHO. During this time, coordinated action by the world's central banks kept interest rates near zero and the prices of nearly all asset classes high. Until the fourth quarter stumble, U.S. equities were 119 months into the longest-ever bull market, led mostly by growth stocks riding a global wave of technological innovation and expanding prosperity.
Yahoo Finance's Zack Guzman and Jeanie Ahn discuss the latest development in the Jussie Smollett case with Jaclyn Mellone, Go-To Gal Podcast host.