Walt Disney World news

Walt Disney Co. increasing stock buybacks

Leah Zanolla | Posted: Sep 15, 2013 | Updated: Sep 15, 2013 - 3:21:46 PM
Next year, the Walt Disney Co. is going to increase their amount of stock buybacks by almost double. According to Chief Financial Officer Jay Rasulo, the company has been spending about $4 billion on repurchasing their shares; in 2014, that amount will increase to $6-8 billion. He said the action is the result of the company is feeling confident about upcoming movie releases. After Rasulo's remarks, the price of Disney shares went up 2.5 percent to $65.57.


dis-logo

Daily Email DIS Updates

Stay Informed With All Things Disney!

Enter your email address below to receive DIS Updates by email – including News, Blogs, Podcasts, Discounts, and Disney Updates.

Sign Up!


See AllDIS UPDATES
See AllRECENT DISCUSSIONS
disney discussion forums

More Info ORLANDO HOTELS