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The Walt Disney Company (DIS)

  • Aug. 26, 2011, 5:05 PM
    Though Steve Jobs is no longer Apple's (AAPL) CEO, he intends to remain a member of Disney's (DIS) board, a source recently told Bloomberg. Jobs became a Disney board member in 2006 following the media giant's $7B acquisition of Pixar. The Pixar sale has left Jobs with a 7.4% stake in Disney, currently worth about $4.4B.
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  • Aug. 24, 2011, 2:24 PM
    Amusement park operators Six Flags (SIX +2.1%) and Cedar Fair (FUN +3.2%) are both higher on renewed speculation attendance numbers will be stronger-than-expected for the summer. Also positioned to benefit are Disney (DIS +0.5%) and Comcast (CMCSA +1.7%), both gainers for the day.
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  • Aug. 18, 2011, 9:56 AM
    Shares in TV companies follow Time Warner (TWX -4%) lower, possibly on CEO Jeff Bewkes' comments about weaker ad sales. DIS -2.6%, CMCSA -2.1%, VIA -2.4%.
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  • Aug. 16, 2011, 10:20 AM
    BofA downgrades Walt Disney (DIS -2.6%) to a Neutral rating, from Buy, saying the sector has not yet priced-in a potential recession. The firm sets a new price target for DIS at $42, marking a 31% premium from the current share price.
  • Aug. 12, 2011, 1:38 PM
    The WSJ's MarketBeat blog notes "economically sensitive" stocks such as Boeing (BA +4.3%), Caterpillar (CAT +3.4%), and Disney (DIS +3.3%) are outperforming today, a sign recession fears may be ebbing. Other recession-sensitive names moving higher: MGM +5.2%. WYNN +4.1%. HON +3.4%. LULU +7.5%. URBN +5.4%.
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  • Aug. 10, 2011, 5:20 PM
    As NFLX, AMZN, GOOG, and AAPL try to grow their online video businesses, the risk-averse mindset of Hollywood studios remains a stumbling block. Disney (DIS) CEO Bob Iger says his company is comfortable licensing older content to Netflix, but plans to "make access to newer programming more difficult" for those not subscribed to pay-TV services.
  • Aug. 10, 2011, 10:30 AM
    Shares of Walt Disney (DIS), down as much as 14%, are now 11.4% lower as investors digest the prospect for strong theme park attendance and advertising revenue in a sputtering economy. RBC Capital checks in on the stock by reiterating its Outperform rating, and dropping its price target to $43 from $48.
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  • Aug. 10, 2011, 9:12 AM
    Shares of Walt Disney (DIS) fall 5.5% premarket despite its Q3 earnings beat. A Janney analyst says the results do not look bad, but finds cause for concern due to decelerating ad rate growth.
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  • Aug. 10, 2011, 9:00 AM
    Premarket gainers: WTLSA +13%. ADLR +12%. CREE +11%. RL +10%. LLNW +6%. PAL +5%. AU +3%. M +3%. COF +3%. VE +3%.
    Losers: MOTR -45%. CRH -5%. CTIC -5%. MT -5%. STD -5%. DIS -5%. NMR -4%. RIO -3%. E -3%. ING -3%. TS -3%. C -3%.
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  • Aug. 9, 2011, 5:16 PM
    More on Walt Disney (DIS) Q3 report: Revenue from global theme parks +12% Y/Y. Sales from cable networks +11% Y/Y on higher ad rates, offset by last year's World Cup. Broadcasting sales +20% Y/Y. Studio entertainment sales flat. Consumer products +13% Y/Y, driven by Cars merchandising. Interactive media +27% Y/Y. (PR)
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  • Aug. 9, 2011, 5:04 PM
    Walt Disney (DIS): FQ3 EPS of $0.78 beats by $0.06. Revenue of $10.7B (+7% Y/Y) beats by $0.2B. Shares -1.7% AH. (PR)
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  • Aug. 9, 2011, 12:10 AM
    Notable earnings after Tuesday's close: CREE, DIS, MBI, NUAN, ROVI, SPWRA, UPL
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  • Aug. 4, 2011, 9:18 AM
    Amusement park operators report higher admission revenue for July in an economy ripe for penny-pinching. Cedar Fair (FUN) +5%, Six Flags (SIX) +9% and Disney +5% (DIS) kept the turnstiles moving, but couldn't keep up with Comcast's (CMCSA) Islands of Adventure's park checking in with a +20% gain over the last year.
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  • Aug. 1, 2011, 5:38 PM
    Not seeing the economic slowdown are U.S. media giants, currently riding an advertising boom. Rate increases for this year's "upfronts" - ad sales completed several months before the fall season - were among the strongest in years. The S&P media index +10% YTD vs. S&P 500 +2.4%
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  • Aug. 1, 2011, 12:30 PM
    Shares of Chiquita (CQB -3.4%) face pressure after a report says the firm may face a lawsuit in Colombia over plantation deaths. The news sours last week's announcement the firm has entered a multi-year strategic agreement with Walt Disney (DIS -1.5%) to bring fresh products to Disney resorts and cruise lines.
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  • Jul. 26, 2011, 9:11 AM
    Walt Disney (DIS) moves to buy Indian media company UTV, offering $454M to acquire the 49.6% stake it doesn't already own in the firm that makes movies, operates TV channels and produces video games in India’s fast-growing market.
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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.