The Walt Disney Company (DIS) continues to draw attention from investors and institutions, despite a mixed bag of recent performance and a series of stock market losses. Capital International Inc. CA and Advisors Asset Management Inc. both acquired substantial shares in Disney. However, the Healthcare of Ontario Pension Plan Trust Fund conversely sold over 254,000 shares. There have also been fluctuations in institutional ownership, currently sitting at around 70%. The company's Q2 earnings has met adjusted EPS estimates, though it has experienced challenges. While Disney’s stocks dropped prior to Q3 2024 earnings, it is predicted to earn $1.18 per share. The company also announced a cash dividend of $0.30 per share, promising future profitability in its streaming segment. There were concerns following a billionaire investor selling 26 million shares, but this was mitigated by Disney announcing it will purchase the remaining stake in Hulu. A negative sentiment looms due to mixed fundamentals, and the intrinsic value of the company is being estimated. Meanwhile, lower-than-expected earnings from Disney+ and Hulu have led to instability."
"There are also board level changes, including director James Gorman acquiring 20,000 shares while ex-Marvel chair Ike Perlmutter sold his entire stake. New board members include Morgan Stanley’s James P. Gorman and veteran media executive Sir Jeremy Darroch. Amidst this, Disney plans for growth, emphasising a clear strategic transformation with a focus on four building opportunities. Significant developments include Disney and Epic Games' partnership for an expansive entertainment universe linked to Fortnite, and a rumored strategy to surpass Netflix with Disney Bundles. There were also highlights about the company’s 10th Disney Accelerator Program and its participants.
The Walt Disney Company DIS News Analytics from Wed, 01 Nov 2023 07:00:00 GMT to Sun, 28 Jul 2024 17:46:25 GMT -
Rating -4
- Innovation 5
- Information 7
- Rumor -7
