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The Walt Disney Company (DIS)

  • Dec. 13, 2011, 8:13 AM
    eMarketer estimates the average American now spends 4:34/day watching TV, a figure that's actually up 10 minutes from last year. Internet usage rose by 12 minutes, to 2:47/day, while newspaper and magazine usage both declined. It's noted that mobile devices still command a disproportionately small share of ad budgets relative to their usage rate, leaving plenty of room for growth. (Nielsen data)
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  • Dec. 6, 2011, 10:55 AM
    The National Football League is close to signing eight-year extensions of deals with Fox (NWSA), NBC (CMCSA) and CBS that should amass ~$3.2B/year from its broadcast partners, a 60% increase over its prior contract, WSJ reports. Adding other deals with ESPN (DIS) and DirecTV (DTV), the NFL can expect to lock in total average annual media fees of ~$6B.
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  • Dec. 2, 2011, 3:59 PM
    MarketWatch's Jeff Reeves jumps firmly on the Disney (DIS +2%) bandwagon, noting that while all the buzz (I, II) is about the juicy 50% dividend hike and the firm's promising movie pipeline the real value for long-term investors might be found with some good ole fundamental-style number crunching provided by InvestorPlace's Lawrence Meyer: "If we put an 15 P/E on Disney, then, on projected 2015 earnings of $4.43 per share, and factor in 1.2% compounded dividend yield reinvested, we get a price target of $72."
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  • Dec. 2, 2011, 10:53 AM
    Disney (DIS +1.9%) is outperforming today, and a positive Barron's mention could be playing a role. The paper thinks Disney's recent dividend hike could be a sign of things to come, given its strong cash flow, and believes its current share price doesn't appear to "fully reflect the good news."
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  • Dec. 1, 2011, 12:27 PM
    Mark Hulbert views Walt Disney's (DIS +0.4%) 50% dividend hike as a vote of confidence in the company’s future and a "very bullish development" for the broader economy: "Disney is in the entertainment business. Its profitability would suffer if the economy were about to go into a sustained downturn... to that extent, management’s vote of confidence extends to the economy as a whole."
  • Nov. 30, 2011, 4:24 PM
    Disney (DIS +5.4%) rises slightly AH after announcing an annual dividend of $0.60/share, up 50% from last year's $0.40/share. The dividend translates into an annual yield of 1.6%. Tim McAleenan argued in September that Disney needs to rethink its dividend policy - both in terms of increasing its yield, and shifting to a quarterly payout.
  • Nov. 29, 2011, 12:56 PM
    More on Disney's (DIS +0.5%) bond offering (previous): Fitch Ratings pitches in to help lower Disney's borrowing costs by assigning an 'A' rating to the company's proposed 3-year and 30-year senior unsecured notes. The agency cites Disney's ability to "consistently leverage and monetize its brands and characters"in offering up its solid rating.
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  • Nov. 29, 2011, 12:49 PM
    Disney (DIS +0.4%) plans to sell bonds again this year after selling issues for $1.85B in August and another $500M in May. According to an inside source, the company will sell 3-year and 30-year maturities for at least $500M a pop.
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  • Nov. 22, 2011, 11:23 AM
    Disney (DIS -1.8%) is announcing a shakeup at its valuable ESPN unit: George Bodenheimer is being kicked upstairs to the role of Executive Chairman, and content VP John Skipper is replacing Bodenheimer as the unit's President. ESPN has been a major growth engine for Disney, and played a key role in the strong performance of its Media Networks division in FQ4.
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  • Nov. 15, 2011, 4:52 PM
    Apple (AAPL) names board member Arthur Levinson as non-executive chairman, replacing Steve Jobs. Additionally, Disney (DIS) CEO Bob Iger joins the board, where he will serve on the audit committee. (PR)
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  • Nov. 15, 2011, 10:54 AM
    S&P releases a report (.pdf) on the impact of the NBA lockout, saying media companies such as DIS and TWX are braced to absorb the impact of short to mid-term cancellation of games with advertising revenue heavily-weighted toward the end of the season. "We believe the impact of the work stoppage may be worse if the owners and players cannot agree to a new collective bargaining agreement and the entire season is lost, especially for the project-financed arenas."
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  • Nov. 14, 2011, 10:05 AM
    Disney (DIS) is acquiring Babble Media, a "leading online parenting platform featuring more than 200 mom bloggers," and plans to integrate Babble's blogs with its existing family-focused content. A BI source claims Disney paid $40M-$45M for Babble.
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  • Nov. 11, 2011, 3:54 PM
    Hold the pixie dust for a minute. Although Walt Disney (DIS +6.1%) continues to pace S&P gainers after the company beat expectations for its FQ4, Goldman Sachs analyst Drew Borst thinks theme park revenue growth may begin to tail off: “In the current quarter, room reservations are flat Y/Y, and room rates are up low single digits, now that prices have normalized." (earlier: I, II)
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  • Nov. 11, 2011, 3:32 PM
    Disney's (DIS +6.3%) FQ3 beat, headlined by the strong performance of its Media Networks business, is giving a lift to other TV network owners. CBS +4.9%. TWX +3%. DISCA +2.9%. AMCX +6.9%. SNI +3.8%. VIA.B +3.4%. LSTZA +7.4%. (DIS transcript)
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  • Nov. 11, 2011, 11:19 AM
    Walt Disney (DIS +7.6%) is among the day's early leaders after posting a 30% jump in its quarterly profit and record fiscal year profit and revenue. Nomura maintains its Buy rating and lifts its price target to $43 from $38: "After two unspectacular quarters, Disney rewarded shareholders who kept the faith, finishing [fiscal 2011] off on a high note."
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  • Nov. 11, 2011, 10:36 AM
    Hotel stocks show strength with outperforming gains across the board. A slightly improved outlook on consumer spending and Disney's (DIS +7.1%) strong parks performance are helping tip sentiment. Advancers: HOT +3.9%, MAR +3.8%, GET +4.4%, H +2.7%.
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Company Description
Walt Disney Co, together with its subsidiaries, is a diversified entertainment company with operations in five business segments: Media Networks, Parks and Resorts, Studio Entertainment, Consumer Products and Interactive.