As one of the most anticipated films of the decade, Star Wars: The Force Awakens, is about to debut, reviews have already begun to come in from critics who have had the privilege of watching the film. According to Rotten Tomatoes, the overwhelming majority of of critics have loved the film, with them giving it am average rating of 97%. At the same time Walt Disney Co (NYSE:DIS) has pre-sold over $100 million worth of tickets already, likely equating to Star Wars: The Force Awakens becoming the new king of the box office for its first weekend. The film, which opens on Thursday in theaters nationwide could easily become the top grossing movie of all time as well.
The stock closed at $112.16 during the last trading session. It is up 2.72% since May 13, 2015 and is uptrending. It has outperformed the S&P500 by 6.40%.
From a total of 19 analysts covering The Walt Disney Company (NYSE:DIS) stock, 11 rate it a “Buy”, 0 a “Sell”, and 8 a “Hold”. This means that 58% 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 $119.73 which is 6.75% above today’s ($112.16) stock price. The Walt Disney Company was the topic of 37 analyst reports since July 24, 2015 according to the firm StockzIntelligence Inc. Topeka Capital Markets maintained shares on November 19 with a “Buy” rating. Pivotal Research initiated shares with a”Hold” rating and a $106 target share price in their report from an October 20. Credit Suisse maintained DIS stock in a recent report from November 10 with a “Outperform” rating. Macquarie Research maintained the rating on September 1. Macquarie Research has a “Outperform” rating and a $122 price target on shares. Finally, FBR Capital maintained the stock with a “Outperform” rating in a report they issued on a November 6.
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 insider purchases, and 4 sales for a total of $3.27 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 $185.42 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 22.89 P/E ratio. Walt Disney Parks and Resorts is a well-known provider of family travel and leisure experiences.