Is Walt Disney (DIS) Cheap Following Its Second 13% Streaming Price Hike?
Walt Disney (DIS) is raising prices on its ad-free Disney+ and Hulu plans by 13%, the second increase in a year, as it pushes its direct-to-consumer streaming business toward stronger profitability. The price move comes after a mixed year for Walt Disney investors, with the share price down 7.5% year to date and the 1-year total shareholder return declining 7.5%, even as the 3-year total shareholder return is up 33.6%. Recent 90-day share price gains of 5.5% hint at rebuilding momentum around...
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