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Walt Disney Stock Has 13% Upside, According to 1 Wall Street Analyst
The Motley Fool· 2024-03-11 18:42
Share prices of Walt Disney (DIS 2.07%) are up nearly 25% year to date, but analysts at MoffettNathanson believe the rally isn't over. Last week, the firm maintained its buy rating and raised the near-term price target on the shares to $125, up from $120. This represents an 11% upside from Disney's current share price of $112.75.Disney has fallen on hard times, but MoffettNathanson analysts are more enthusiastic about Disney's prospects following CEO Bob Iger's comments at Morgan Stanley's Technology confer ...
Disney (DIS) Plans Major Expansion for California Theme Park
Zacks Investment Research· 2024-03-11 16:11
Disney (DIS) -owned Disneyland, the iconic California theme park known as the "happiest place on Earth," is poised for a magical transformation.The proposal, set to undergo review by Anaheim's planning commission, entails significant investment from Disney, amounting to at least $1.9 billion over the next decade.The proposed expansion aims to utilize existing space more effectively, particularly a sprawling 50-acre parking lot, to create new attractions and entertainment options. Disney envisions a future w ...
Over 100 Calif. Disney workers sue over getting paid less than fast food workers
New York Post· 2024-03-10 14:17
More than 100 Disney hotel maintenance workers responsible for keeping the company’s luxe hotels up and running in southern California are suing the entertainment giant for allegedly paying them less than fast-food workers earn in the state and forcing them to moonlight at second jobs despite working overtime.“A ton of us have or had second jobs just to survive,” lead plaintiff Charlie Torres told FOX Business. “I was working 48-plus hours a week in the mornings at Disney and delivering pizzas five nights a ...
Why Is Disney (DIS) Down 0.3% Since Last Earnings Report?
Zacks Investment Research· 2024-03-08 17:37
It has been about a month since the last earnings report for Walt Disney (DIS) . Shares have lost about 0.3% in that time frame, underperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is Disney due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Disney Q1 Earnings Beat Estimates, Revenues Rise Y ...
Big Money Bets: 3 Stocks the Biggest Hedge Funds Are Buying
InvestorPlace· 2024-03-08 14:31
Unless you are very wealthy or an institutional investor, the world of hedge funds is closed to the average investor; thus, it’s a good idea to look at the stocks hedge funds are buying. That’s not necessarily a bad thing because these funds operate on a 2-and-20 fee structure. They skim 2% off the top based on their assets under management (AUM) to pay staff and expenses. Another 20% is taken for performance to incentivize executives and portfolio managers.There is a reason they are called “smart money.” T ...
Disney: It's A War Over The Board
Seeking Alpha· 2024-03-07 23:35
Drew AngererDisney (NYSE:DIS) is now engaging in a board fight similar to what some of us remember from the late 1980s. The difference this time is that the CEO in place, Bob Iger, is a far stronger personality with a darn good record (by all accounts) of running the company. What's unlikely to get resolved is successor issues. But what needs to be dealt with now is a unified board that knows the business. None of the proposed nominees fit the bill of "knowing the business" I learned the hard way in my ...
Disney's Stock Has Risen More Than 20% In 2024 With Proxy Fight Brewing; ValueAct Capital Reaffirms Support Of Bob Iger Ahead Of April 3 Shareholder Meeting
Deadline· 2024-03-07 23:07
After skidding to multi-year lows in late-2023, Disney stock has rebounded more than 20% thus far in 2024 as two activist investment firms have launched a proxy fight. The stock finished Thursday trading at $110.18, up a fraction. It started the year at $90.10, putting its gains at 22% for the year to date. Goosing the stock price is a stated goal of two activist investment firms that have taken aim at Disney’s top execs and board of directors ahead of the company’s annual shareholder meeting on April 3. I ...
Disney allegedly underpaid maintenance workers at California hotel: lawsuit
New York Post· 2024-03-07 20:53
Disney has been slapped with lawsuit for allegedly underpaying the maintenance workers at its Disneyland Hotel located just outside of its California-based theme park.The lawsuit, filed in Orange County Superior Court on Thursday, claims the hotel’s workers were not paid the correct overtime rate and were forced to pay for their own “hand tools” and equipment while on the job.“Under California Wage Orders, employees required to bring their own tools must be paid double the minimum wage,” per the complaint.M ...
Paramount In Talks To Sell Stake In Viacom18 To Disney India Partner Reliance — Bloomberg
Deadline· 2024-03-07 16:51
Paramount Global could be set for change in the tough Indian media market. A Bloomberg report, citing unnamed sources, claims the MTV and Comedy Central owner is in talks with Reliance Industries to sell its stake in their channels and streaming venture, Viacom18. This would allow Mukesh Ambani, India’s richest man, to consolidate his media assets as his conglom Reliance Industries prepares to form its new merged venture with Disney India. Reliance already majority controls Viacom18, whose JioCinema has be ...
1 Wall Street Firm Raises Disney's Price Target Almost 25%: Here's Why It's Right.
The Motley Fool· 2024-03-06 21:09
Walt Disney (DIS -2.49%) shares have been on a roll. The stock is higher by 25% year to date. This week, analysts at Morgan Stanley said they still believe the stock is a buy and boosted the firm's price target on Disney.The new target of $135 per share is a raise of 23% from the previous target and would represent a gain of 20% from Disney's recent stock price. The analysts highlighted several things that show the momentum in Disney shares should continue.Positive business developmentsDisney has made sever ...