Walt Disney Co.’s (NYSE:DIS) ‘Star Wars: The Force Awakens’ likely will have the best opening weekend of all time, breaking the $208.8 million record which was set by ‘Jurassic World’ back in June. Although many analysts were downplaying the possibility of a weekend this good, Walt Disney Co. (NYSE:DIS) has stated that the movie has raked in $125 million in the U.S. and Canada through Thursday and early Friday. Those close to the company now say that it is likely that the new Star Wars film will eclipse the $225 million mark through Sunday.
Early reviews of the film have been nothing shy of spectacular, and Disney has stated that there has been “unprecedented demand” at the box office. The stock decreased 3.96% or $4.44 on December 18, hitting $107.57. About 28.38M shares traded hands or 201.59% up from the average. DIS has risen 6.00% since November 19, 2015 and is uptrending. It has outperformed the S&P500 by 8.26%.
From a total of 20 analysts covering The Walt Disney Company (NYSE:DIS) stock, 11 rate it a “Buy”, 0 a “Sell”, and 9 a “Hold”. This means that 55% 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 10.90% above today’s ($107.57) stock price. The Walt Disney Company was the topic of 38 analyst reports since July 24, 2015 according to the firm StockzIntelligence Inc. Goldman Sachs maintained shares on December 15 with a “Neutral” rating. Pivotal Research initiated shares with a”Hold” rating and a $106 target share price in their report from an October 20. Guggenheim downgraded DIS stock in a recent report from November 16 to a “Neutral” rating. Macquarie Research maintained the rating on September 1. Macquarie Research has a “Outperform” rating and a $122 price target on shares. Finally, Argus Research maintained the stock with a “Buy” rating in a report they issued on a November 9.
The institutional sentiment increased to 1.33 in Q2 2015. It’s up 0.15, from 1.18 in 2015Q2. The ratio increased, 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 buys, and 4 selling transactions 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 $185.17 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 21.95 P/E ratio. Walt Disney Parks and Resorts is a well-known provider of family travel and leisure experiences.