Disney Ends Fiscal 2016 on Weak Note; Growth Expected to Reaccelerate in Fiscal 2018
Walt Disney posted weaker-than-expected fiscal fourth-quarter results due to declines at media networks and consumer products. We plan to maintain our wide moat rating and our fair value estimate of $134 per share. With the stock trading in the 4-star range, it may offer an attractive entry point for those with a longer-term investment horizon as we expect fiscal 2017 to be a tough year on a comp basis (Star Wars: Force Awakens) and cost basis (new NBA contract).Revenue fell 3% year on year to...
Walt Disney is an entertainment company. The company's segments are: Media Networks, which includes domestic cable networks, broadcast television network and domestic television stations, and television production and distribution; Parks, Experiences and Products, which includes theme parks and resorts, and consumer products operations; Studio Entertainment, which includes motion picture production and distribution, music production and distribution, and post-production services; and Direct-to-Consumer and International, which includes international television networks and channels, direct-to-consumer streaming services, and other digital content distribution platforms and services.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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