Edit: Company stock as high as $44.04, less than a dime off the all-time high with Dow at 13,157.
Walt Disney Company stock is up 2.60% today to $43.44, challenging its all-time high of $44.13. Yesterday, Standard & Poor’s reaffirmed its five-star “strong buy recommendation” on the stock and Janney upgraded shares to “buy” from “neutral.” According to S&P:
We surmise $30M+ domestic box office opener of DIS’s well-anticipated live-action sci-fi adventure in “John Carter” fell shy of target, amid strong holdover showing of Comcast (CMCSA 30, Buy) (CMCSK 29, Buy) Universal’s “Dr. Seuss’ The Lorax”. With a potentially sizable writedown now seemingly inevitable for the mega-budget “Carter”, despite much stronger $70M+ of int’l opening receipts, we see even more concerted focus by DIS on branded family films with multi-platform upside for studio, separately on track with 3D re-releases of several timeless animation franchises.
Nothing interesting came out of today’s Shareholders Meeting.