In the midst of record breaking box office receipts, and overwhelmingly positive reviews for their latest film, Star Wars: The Force Awakens, Walt Disney Co (NYSE:DIS) has been receiving a number of requests to have the original creator of Star Wars, George Lucas, direct a future film. While it seems unlikely to ever happen now that Lucas has sold the rights of the franchise to Walt Disney Co (NYSE:DIS), an online petition at Change.org has garnered over 5,300 e-signatures from fans who wish to see a future Star Wars film directed by Lucas.
“We have no problem with Colin Trevorrow , but he’s not the right guy to direct Star Wars Episode IX . George Lucas as director of Episode IX would be the perfect way to end this new trilogy and make an epic farewell between the Father of Star Wars and the whole universe of the galaxy far, far away,” explains the peition. “We would like to see him again involved with the franchise. Thank you so much.”
It will be interesting to see how many fans sign the petition and if Walt Disney Co (NYSE:DIS) or George Lucas respond to the request. The stock is up 0.87% or $0.87 following the news, hitting $100.37 per share. About 2.44M shares traded hands. DIS has declined 9.79% since June 4, 2015 and is downtrending. It has underperformed the S&P500 by 5.10%.
From a total of 21 analysts covering The Walt Disney Company (NYSE:DIS) stock, 11 rate it a “Buy”, 0 a “Sell”, and 10 a “Hold”. This means that 52% of the ratings are positive. The highest target price is $136 while the lowest target price is $10.55. The mean of all analyst targets is $119.30 which is 18.86% above today’s ($100.37) stock price. The Walt Disney Company was the topic of 39 analyst reports since July 24, 2015 according to the firm StockzIntelligence Inc. Macquarie Research downgraded shares on January 5 to a “Neutral” rating. Pivotal Research initiated shares with a”Hold” rating and a $106 target share price in their report from an October 20. Topeka Capital Markets maintained DIS stock in a recent report from November 19 with a “Buy” rating. Macquarie Research maintained the rating on September 1. Macquarie Research has a “Outperform” rating and a $122 price target on shares. Finally, Credit Suisse maintained the stock with a “Outperform” rating in a report they issued on a November 10.
The institutional sentiment increased to 1.33 in Q2 2015. It’s up 0.15, from 1.18 in 2015Q2. The ratio is positive, as 101 funds sold all their Walt Disney Co shares they owned while 548 reduced their positions. 116 funds bought stakes while 748 increased their total positions. Institutions now own 1.00 billion shares which is 2.38% less than the previous share count of 1.03 billion in 2015Q2.
Winch Advisory Services Llc holds 15.54% of its total portfolio in Walt Disney Co, equating to 104,034 shares. Rit Capital Partners Plc owns 509,000 shares representing 12.14% of their total US portfolio. Moreover, Lindsell Train Ltd has 11.54% of their total portfolio invested in the company, equating to 1.65 million shares. The New York-based Klingenstein Fields & Co Llc has a total of 10.54% of their portfolio invested in the stock. Tukman Grossman Capital Management Inc, a California-based fund reported 1.76 million shares owned.
Since March 6, 2015, the stock had 0 buys, and 3 insider sales for a total of $3.04 million in net activity. Chen John S sold 6,000 shares worth $611,822. Braverman Alan N sold 18,473 shares worth $2.19 million. Woodford Brent sold 2,000 shares worth $237,000. Matschullat Robert W sold 2,965 shares worth $324,545. The insider Lozano Monica C sold 397 shares worth $43,948.
The Walt Disney Company, incorporated on July 28, 1995, together with its subsidiaries and affiliates, is a diversified international family entertainment and media enterprise with five business divisions: media networks, parks and resorts, studio entertainment, consumer products and interactive media. The company has a market cap of $164.46 billion. Media Networks comprise an array of broadcast, cable, radio, publishing and digital businesses across two divisions the Disney/ABC Television Group and ESPN Inc. It has 20.48 P/E ratio. Walt Disney Parks and Resorts is a well-known provider of family travel and leisure experiences.