Seeking Alpha

The Walt Disney Company (DIS)

  • Sep. 19, 2013, 9:29 AM
    • Morgan Stanley moves Disney (DIS) down to an Equal-weight rating on concerns the company lacks near-term catalysts.
    • With no Pixar movies set to be released next year due to a delay in the studio's launch schedule, more investment firms could tweak their 12-month price targets on the House of Mouse.
    • DIS -1.1% premarket.
  • Sep. 12, 2013, 1:48 PM
    • Disney (DIS +3.2%) CFO Jay Rasulo announces the company will increase its buyback next year to the $6B to $8B range.
    • The exec is on the mike at the Bank of America Merrill Lynch Media, Communications & Entertainment Conference and things were going relatively ho-hum until that zinger.
    • Presentation webcast
  • Aug. 7, 2013, 11:44 AM
    • Goldman Sachs notes Disney's (DIS -2.5%) FQ3 was a slight miss on profit if you back out a nickel per share benefit from cable network affiliate revenue that was pulled forward.
    • The investment firm also notes affiliate fees for cable networks were slower than it anticipated, 6% Y/Y vs. 11%.
    • Overall, Goldman is lukewarm on Disney's upside in the short-term as its sits on a Neutral rating and $69 price target.
  • May 8, 2013, 9:39 AM
    Heard during Disney's (DIS -1%) earnings call: 1) Investments in Fantasy Land at Magic Kingdom in Orlando look to be helping traffic. An all-time single day attendance record was set at the park during Easter weekend. 2) CEO Robert Iger addresses the one segment that is under-performing at the company (TV business) by noting that TV markets are compressing, but the exec sees market share improving. 3) Disney is working on opportunities to utilize the Star Wars franchise into television and theme parks. Details will follow later this year. (transcript)
  • May 7, 2013, 4:22 PM
    Disney (DIS): FQ2 EPS of $0.79 beats by $0.03. Revenue of $10.55B (+14% Y/Y) beats by $50M. Shares +0.7% AH. (PR)
  • May 7, 2013, 8:51 AM
    Shares of Disney (DIS) are up 0.6% to $65.44 premarket after the company announces a deal with Electronic Arts to make new Star Wars games and with its FQ2 earnings report slated for release later today. What to watch: Disney says it will make games for a "core gaming audience" and will hold on to the rights to develop titles for other mobile devices. Look for some visibility from execs tonight on a conference call (webcast) as to the when and how on making Disney Interactive profitable.
    | Comment!
  • May 6, 2013, 5:47 PM
    Electronic Arts (EA) +2.1% AH after announcing a multi-year deal with Disney (DIS) to make new Star Wars games "spanning all interactive platforms and the most popular game genres." Disney maintains the rights to develop mobile, online, and social games for the franchise. The deal comes shortly after Disney decided to shutter LucasArts' game development studio, and close to 18 months after EA launched Star Wars: The Old Republic, whose performance has underwhelmed. (PR)
    | 1 Comment
  • Feb. 6, 2013, 6:15 PM
    Netflix (NFLX +5.7%) continued its winter to remember today, possibly aided by favorable comments from Disney (DIS) CEO Bob Iger during the media giant's FQ1 earnings call. When asked about the impact Disney's movie deal with Netflix could have on Disney Channel viewing and pay-TV relationships, Iger stated Disney "thought long and hard" about the impact, and concluded the deal was a "movie play" that wouldn't hurt Disney Channel. Also: Time Warner (TWX) CEO Jeff Bewkes offered Netflix (both a customer and rival) guarded praise during TWX's earnings call. (earlier)
    | Comment!
  • Feb. 6, 2013, 7:27 AM
    Disney (DIS) will consider an exit for ESPN from the U.K. due to the losses it has piled up in the region. The company is also struggling to retain the rights to key sporting events which doesn't bode well for the network. The topic came up during the company's FQ1 earnings conference call (transcript) in which CFO Jay Rasulo highlighted the unprofitability of ESPN in the U.K. DIS +2.7% premarket.
  • Nov. 9, 2012, 12:54 PM
    Disney (DIS -5.3%) continues to trade lower as a host of analysts lower their expectations for the company primarily due to fears advertising revenue could be under pressure. Comments from execs on yesterday's earnings call (transcript) highlighted the idea the company is transitioning from an investment phase (Lucasfilm, Cars Land, Disneyland) into a growth mode. Reading between the lines of analyst comments, Disney investors may have to play a waiting game for those investments to pay dividends and for the economy to turn around to help drive revenue higher.
  • Nov. 9, 2012, 9:10 AM
    Premarket gainers: ZIP +27%. KYAK +26%. LGF +9%. ENR +8%. PSTI +8%. IGT +7%. WCRX +6%. ISIS +5%.
    Losers: GRPN -23%. MTG -15%. ARRY -12%. PGRX -12%. SPRD -10%. JCP -8%. PVR -6%. CPIX -5%. DIS -5%.
    | 1 Comment
  • Oct. 31, 2012, 11:06 AM
    Disney (DIS -2.5%) CEO Robert Iger says (video) the mega-deal to buy Lucasfilm will be slightly dilutive for two years after the closing and then turn accretive after that point. The exec also notes the consumer product and licensing opportunities from the transaction is close what Marvel Entertainment offered up at the point of purchase, but highlights the Lucasfilm buy includes digital properties. After a rush of gushing analysts weighed in on the deal, shares have peeled off early gains rather quickly.
  • Oct. 31, 2012, 8:24 AM
    Chewbacca meets the Incredible Hulk: Disney's (DIS) deal to snap up the Star Wars franchise for a cool $4.05B has the entertainment industry buzzing and analysts chatty. Barclays says the company will monetize the property and roll it through the Disney ecosystem, while both JPMorgan and Wells Fargo call the purchase positive for future earnings. By all accounts, the relationship between 2%-Disney owner George Lucas and the House of Mouse will remain positive with Lucas adding creative input, but not calling the shots on scripts. DIS +2.5% premarket.
  • Sep. 5, 2012, 2:37 PM
    Shares of Disney (DIS +2.5%) trace out a new all-time high with the Street still firmly backing the House of Mouse to see even further gains. Though theme parks, ESPN, and Marvel Studios continue to be the rock stars behind the company's consistent revenue growth - clever deals in new areas also keep the Disney pipeline fresh. The latest is a venture to supply Nokia with edgy content and apps for its smartphones as the Finnish company trails far behind Apple and Google.
  • Jul. 17, 2012, 3:29 PM
    Shares of Disney (DIS +3.4%) ride an upgrade from Bank of America to hit an all-time intraday high of $49.92. Shrugging off a sluggish U.S. economy, the company appears to be clicking on all cylinders, with its theme parks, film studio, and media properties more synchronized than ever. As for mega-hit The Avengers, BofA says Disney shareholders could see a $0.11-a-share boost from the well-received film.
    | Comment!
  • Jun. 27, 2012, 10:37 AM
    Jakks Pacific (JAKK +0.4%) forecasts that sales of merchandise from Disney's (DIS +1.4%) Brave will be triple that of original estimates based on early numbers. A key to the boom in toy sales and the movie's strong box office showing is attributable to the warm reaction to Merida - the first heroine character to feature in a Pixar-produced movie for Disney.
    | Comment!
Visit Seeking Alpha's
DIS vs. ETF Alternatives
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.