Barclays Maintains an 'Overweight' on Walt Disney (DIS); FY2011 Goes Out Like a Lion
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Price: $112.94 -0.83%
Rating Summary:
30 Buy, 19 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 13 | New: 19
Rating Summary:
30 Buy, 19 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 13 | New: 19
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Barclays maintains an 'Overweight' on Walt Disney (NYSE: DIS) price target of $44.00.
Barclays analyst says, "DIS reported 4Q11 EPS of $0.59, beating consensus estimates of $0.54. The operating results were solid where it mattered, as Cable Networks, Parks & Resorts, and Broadcast results came in above expectations. Disney bought back $2.0B of stock in the quarter, which is an acceleration from last quarter's $1.4B and is the largest quarterly repurchase amount since mid-2007. Also, Disney has taken steps to expand its global footprint through launching a Disney Channel in Russia, acquiring its remaining interest in UTV in India, and breaking ground on the Shanghai Disney Resort."
"At the "beginning of the beginning" of digital distribution: CEO, Bob Iger, noted that there is a growing list of platforms eager to enter into distribution deals with the company. Disney currently receives less than $1B from the likes of Netflix (Nasdaq: NFLX) and Amazon.com (Nasdaq: AMZN), but we believe these deals can provide a meaningful tailwind in the future."
For an analyst ratings summary and ratings history on Walt Disney click here. For more ratings news on Walt Disney click here.
Shares of Walt Disney closed at $34.64 yesterday.
Barclays analyst says, "DIS reported 4Q11 EPS of $0.59, beating consensus estimates of $0.54. The operating results were solid where it mattered, as Cable Networks, Parks & Resorts, and Broadcast results came in above expectations. Disney bought back $2.0B of stock in the quarter, which is an acceleration from last quarter's $1.4B and is the largest quarterly repurchase amount since mid-2007. Also, Disney has taken steps to expand its global footprint through launching a Disney Channel in Russia, acquiring its remaining interest in UTV in India, and breaking ground on the Shanghai Disney Resort."
"At the "beginning of the beginning" of digital distribution: CEO, Bob Iger, noted that there is a growing list of platforms eager to enter into distribution deals with the company. Disney currently receives less than $1B from the likes of Netflix (Nasdaq: NFLX) and Amazon.com (Nasdaq: AMZN), but we believe these deals can provide a meaningful tailwind in the future."
For an analyst ratings summary and ratings history on Walt Disney click here. For more ratings news on Walt Disney click here.
Shares of Walt Disney closed at $34.64 yesterday.
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