Followers | 688 |
Posts | 143473 |
Boards Moderated | 35 |
Alias Born | 03/10/2004 |
![](https://investorshub.advfn.com/uicon/35728.png?cb=1539773763)
Tuesday, February 14, 2023 9:08:19 AM
By: Morningstar | February 14, 2023
As newly reinstated CEO Bob Iger takes aim at 'bloated' costs, one analyst is feeling upbeat about Disney
JPMorgan's Philip Cusick is feeling "cautious" about the media industry, but he likes Walt Disney Co.'s potential.
He picked his coverage of Disney's (DIS) stock back up on Monday with an overweight rating and $135 price target, dubbing it his "favorite name" among media stocks and writing about his optimistic view of the company's transformation aims.
Among the positives for Disney are its "strong asset mix and what we expect to be a rapid decline in streaming losses in the next year," Cusick wrote.
Chief Executive Bob Iger is back at the helm of Disney, and he's focused on improving the company's streaming profitability. As such, Cusick expects Disney's margins will improve "as the company pares away what had become during COVID a bloated cost structure" in Disney Media and Entertainment Distribution.
Cusick also gets the sense that Disney might start hiking the price of its Disney+ service more regularly given Iger's comments suggesting a minimal impact on churn from the last increase.
"[W]e would be surprised if Disney+ price increases didn't become an annual thing for a few years anyway," Cusick wrote.
He weighed in as well on the future of Disney's involvement with Hulu, given that the company has the option to buy out Comcast's one-third stake in the streaming platform as soon as January 2024, though Iger recently said that it "isn't necessarily the case" that Disney will buy it.
"While CEO Iger has expressed in recent interviews that Hulu is less of a priority, we think this is posturing (similar to Comcast CEO Roberts saying in September he wanted to buy it), and that Disney still buys Comcast out of Hulu for the minimum $9 [billion]," Cusick wrote.
Additionally, he noted that he now models Disney paying out a dividend of $1 a share in fiscal 2024. The company suspended its dividend in 2020 as its business took a hit at the start of the pandemic.
Read Full Story »»»
![](http://studentaid.gov/universal-navigation/assets/us_flag_small.png)
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Caveat emptor!
• DiscoverGold
Recent DIS News
- Deutsche Bank Faces Shareholder Backlash, Bank of America Sponsors 2026 World Cup, Quanterix CEO Buys More Shares • IH Market News • 08/16/2024 10:03:21 AM
- Disney Names Adam Smith Chief Product & Technology Officer, Disney Entertainment & ESPN • Business Wire • 08/15/2024 07:06:00 PM
- Starbucks Rises 3%; Disney Unveils New Films and Expansions; Uber CEO Questions Tesla Robotaxi Viability, and More • IH Market News • 08/12/2024 09:46:16 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/09/2024 08:33:36 PM
- TSMC July Revenue Surges 45%, Nasdaq Accelerates Penny Stock Delistings, Moody’s Downgrades Intel to BAA1, and More • IH Market News • 08/09/2024 09:44:44 AM
- Jobless Claims Data May Lead To Initial Strength On Wall Street • IH Market News • 08/08/2024 01:06:34 PM
- Intel Sued by Shareholders; JPMorgan Raises Chance of Recession; Roblox Blocked in Turkey; Micron Resumes Share Buyback • IH Market News • 08/08/2024 09:48:43 AM
- U.S. Stocks Move Back To The Downside After Initially Extending Yesterday’s Rebound • IH Market News • 08/07/2024 08:56:08 PM
- Futures Pointing To Extended Rebound On Wall Street • IH Market News • 08/07/2024 01:07:27 PM
- The Walt Disney Company Executives Share Commentary on Fiscal Third Quarter 2024 Financial Results • Business Wire • 08/07/2024 11:01:00 AM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/07/2024 10:54:11 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/07/2024 10:52:28 AM
- The Walt Disney Company Reports Third Quarter and Nine Months Earnings for Fiscal 2024 • Business Wire • 08/07/2024 10:50:00 AM
- US Index Futures Rise Amid Earnings Season Optimism, Oil Prices Rebound • IH Market News • 08/07/2024 09:49:12 AM
- Apple Delays AI Features, Abbott Shares Plunge 7% After $495M Fine, Philips Soars 10% • IH Market News • 07/29/2024 10:24:10 AM
- Alphabet Unveils AlphaProof and AlphaGeometry 2; OpenAI Tests SearchGPT; Apple Loses Market Share in China • IH Market News • 07/26/2024 10:07:41 AM
- NBA Signs Billion Dollar Broadcast Deal, CrowdStrike Criticized for Insufficient Reward, Honda Shuts Down Chinese Factory • IH Market News • 07/25/2024 10:15:46 AM
- Meta Unveils Llama 3 AI Model, Elon Musk’s X Poll Backs Tesla’s $5B xAI Investment, and More • IH Market News • 07/24/2024 09:53:32 AM
- Johnson Controls Division Sold for $8 Billion; Alphabet’s Offer Rejected by Wiz; AMD President Announces Retirement • IH Market News • 07/23/2024 10:00:52 AM
- Berkshire Sells BofA Holdings, Ryanair Shares Drop 12%, Delta Still Struggling After IT Disruption • IH Market News • 07/22/2024 09:44:17 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/19/2024 08:16:37 PM
- The Walt Disney Company Announces Departure of Board Director Safra A. Catz • Business Wire • 07/19/2024 08:15:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/18/2024 11:01:21 PM
- The Walt Disney Company Executives to Discuss Fiscal Third Quarter 2024 Financial Results via Q&A Webcast • Business Wire • 07/18/2024 05:00:00 PM
HealthLynked Corp. Announces Second Quarter and First Half 2024 Results: Continued Cost Reductions Set the Stage for Strategic Shift to App-Based Technology Services • HLYK • Aug 16, 2024 8:00 AM
PickleJar Announces Official Name Change and New Ticker Symbol • NREG • Aug 15, 2024 2:23 PM
VAYK's Q2 Profit Added to Accumulated Net Profit of Over $2.2 Million In 18 Months • VAYK • Aug 15, 2024 9:07 AM
Swifty Global Reports Strong Q2 Performance and Prepares for Major Exchange Uplisting • DRCR • Aug 15, 2024 9:04 AM
Mayback's Global Entertainment Signs Global Distribution Agreement with Children's Media Studio • AHRO • Aug 15, 2024 8:45 AM
POET Technologies Reports Second Quarter 2024 Financial Results • POET • Aug 15, 2024 8:04 AM