Exciting news, Disney fans! Assetmark Inc. has significantly increased its stake in The Walt Disney Company (NYSE: DIS) by an impressive 100% during the fourth quarter of the fiscal year. According to their latest disclosure with the Securities and Exchange Commission (SEC), Assetmark Inc. now owns 30,298 shares of Disney stock, valuing their holdings at approximately $2.74 million. Talk about big investments in the magic!
Several other institutional investors made noteworthy changes to their positions in Disney as well. For instance, Evolution Advisers Inc. upped their stake by 38.2%, Gradient Capital Advisors LLC grew theirs by 2.9%, and Royal Fund Management LLC increased their holdings by 2.4%. With such influential investors showing confidence in Disney, it’s clear that the entertainment giant continues to captivate not just audiences but also the financial world.
Analysts have been buzzing about Disney too. Needham & Company LLC holds a favorable view with a “buy” rating and a $145.00 price target. Similarly, Wells Fargo & Company has increased their target price to $141.00, signaling strong optimism about Disney’s future. Other analysts, including those from Barclays and Rosenblatt Securities, have also set high target prices, further establishing Disney’s stock as a solid “Moderate Buy” among analysts. With an updated target price average of $125.52, Disney’s stock still appears to have a lot of room for growth.
Disney’s recent financial performance has been commendable. During its latest quarterly earnings report on May 7, Disney beat analysts’ expectations with earnings per share (EPS) of $1.21, compared to the consensus estimate of $1.12. Revenues climbed to $22.08 billion, marking a 1.2% year-over-year increase. These promising figures reflect Disney’s resilient business model and its capability to continue enchanting its global audience.
Insider activity has also been interesting. Disney Director James P. Gorman purchased 20,000 shares at an average price of $106.03, amounting to a total transaction of over $2 million. This move underscores his strong belief in the company’s future prospects. In another significant transaction, EVP Sonia L. Coleman sold 1,857 shares at $121.92 each, demonstrating active trading within the company’s leadership.
The Walt Disney Company remains a formidable force in the entertainment world, operating through diverse segments like Entertainment, Sports, and Experiences. With brands such as ABC, Disney, FX, Fox, National Geographic, Lucasfilm, Marvel, Pixar, and many others, Disney continues to create and distribute content that resonates globally.
We’d love to hear your thoughts! What do you think about these impressive moves in Disney’s stock? Share your opinions in the comments below and don’t forget to share this article with your fellow Disney enthusiasts! Check out the full report for more insights.
