Readers may come across different answers to the question in the header depending on the sources. According to YCharts, The Walt Disney Company (NYSE:DIS) has had nine stock splits, three between 1985 and 2000, and six prior to 1980.
On the other hand, Stock Split History and Yahoo Finance both reflect eight stock splits in Disneys history. However, the exercises in 1962 and 2007 seem more like bonus issues than stock splits. The first “split” for DIS stock was dated December 18, 1962. This was a 103 for 100 split, meaning that a shareholder with 100 shares of DIS pre-split will subsequently own 103 shares.
As with all corporate matters, investors should refer to the official announcements to be sure. From Walt Disneys website under the Investor Relations section, the company provided a neat table under the Frequently Asked Questions [FAQs]. The table showed only seven past stock splits that happened between 1956 and 1998. This meant that DIS stock has not split for over two decades. Also, it shows that Walt Disney does not consider the 103 shares for 100 shares and 1,014 shares for 1,000 shares as stock splits.
Michael D. Eisner, Disneys chairman and chief executive officer, said in a statement that the Theme Parks and Resorts “continued to lead the company forward during the second quarter” despite start-up costs for its newest park, Disneys Animal Kingdom, and Disney Cruise Line. Cable television operations “were also strong contributors to the quarters results.”
NEW YORK — Walt Disney Co., the parent of Fairchild Publications, reported earnings rose 21.5% in the second quarter and said it was planning a three-for-one stock split.
Does Disney Have Its Own Government District?
Yes. In 1967, Florida legislators created a special taxing district called the Reedy Creek Improvement District, for the site of the Disney World amusement park. The status allows Disney to provide typical municipal services like water and sewers, roads, and fire protection. The district also raises its own debt financing. Reedy Creek covers 40 squares miles, maintains 134 miles of roads and handles 60,000 tons of waste annually. Republican legislators who passed a bill repealing the district effective June 1, 2023 said details of the change would be worked out and legislated over the next year.
What you need to know when investing in The Walt Disney Co.
The Walt Disney Co. (DIS) is a global entertainment company that operates a broad range of businesses, including theme parks and resorts, film studios, broadcast TV networks, and a cruise line. Disney produces live entertainment events, and delivers a wide range of film and TV entertainment content through digital streaming services. Since October 2020, the company has focused on accelerating the growth of its direct-to-consumer (DTC) strategy through its media networks and studio entertainment operations.
The company was founded in 1923 as the Disney Brothers Cartoon Studio by brothers Walt and Roy Disney. By 1929 the Disney brothers partnership had been divided into four companies focusing on production, film recording, realty and investment, and other enterprises. Disney expanded into theme parks with the opening of Disneyland in 1955. The company issued its first over-the-counter (OTC) stock in 1940 and had its IPO in 1957.
Disney is headquartered in Burbank, California. Bob Chapek has been chief executive officer (CEO) of Disney since February 2020, succeeding Robert Iger. The Carlyle Group executive Susan E. Arnold succeed Iger as chair of the board on Dec. 31, 2021. The companys stock is grouped with the communication services sector and the entertainment industry for investment purposes. Because of the breadth of its operations, Disney has competitors ranging from diversified media and entertainment companies like Paramount Global (PARA) and Comcast Corp. (CMCSA), to amusement park operators such as Six Flags Entertainment Corp. (SIX) and streaming platforms including Netflix Inc. (NFLX). Disneys FY 2021 ended Oct. 2, 2021. For that period, it reported net income of $2.5 billion and revenue of $67.4 billion.
Many Disney parks and resorts around the world are open and serving customers following a number of closures throughout the early part of the COVID-19 pandemic. Guests must have an advance ticket reservation. Face masks are strongly recommended for all indoor settings and required for all guests ages 2 and up on Disney shuttles and at first aid stations. Face masks are optional outdoors. Guests are not currently required to provide proof of vaccination. The advance registration system is new and allows visitors to book reservations up to several months in advance.
Disney has also changed its ticket options and services recently. Notably, it has introduced Genie and Genie+ services, which are available via a mobile app. Disney Genie is a complimentary service which provides personalized itineraries and planning for a Disney resort visit. Disney Genie+ is the advanced version, available for $15 per ticket per day, which also allows users to use the Lightning Lane (previously known as the FastPass program) for faster access to several attractions per day.
For Q1 FY 2022, ended Jan. 1, 2022, Disney reported 11.8 million new Disney+ subscribers. As of the end of the quarter, the company had 129.8 million total Disney+ subscribers. Disney+ subscriptions currently cost $7.99 per month or $79.99 per year. Although the company has not announced plans to increase the cost of the subscription service, CEO Bob Chapek has said that as Disney increases content for the service, a price increase may follow. In a recent earnings call, he said that added content could provide an “impetus to increase that price/value relationship even higher and then have the flexibility…to then look at price increases on our service.”
FAQ
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