Private Wealth Partners LLC has decreased its investment in The Walt Disney Company (NYSE: DIS) by **16.1%** during the second quarter of 2023. According to its recent Form 13F filing with the Securities and Exchange Commission (SEC), the firm now holds **74,079 shares** of Disney’s stock after selling **14,254 shares** during this period. The value of Private Wealth Partners’ holdings in the entertainment giant is approximately **$9,187,000** as detailed in their latest SEC report.
Several other institutional investors have also adjusted their stakes in Disney. Kondo Wealth Advisors Inc. increased its holdings by **1.2%**, now owning **7,317 shares** valued at **$904,000** after acquiring an additional **84 shares**. Similarly, Cornerstone Advisory LLC raised its investment by **1.5%**, holding **5,890 shares** worth **$730,000** following the purchase of **86 shares**. Physician Wealth Advisors Inc. and Childress Capital Advisors LLC also expanded their stakes by **3.5%** and **3.3%**, owning **2,606 shares** valued at **$323,000** and **2,749 shares** worth **$341,000**, respectively. Finally, Apollon Financial LLC increased its holdings by **1.5%**, now owning **6,086 shares** valued at **$755,000**.
As it stands, **65.71%** of Disney’s stock is held by institutional investors and hedge funds, reflecting a significant level of confidence in the company.
Current Stock Performance and Analyst Ratings
On the trading front, shares of Disney opened at **$112.28** on Tuesday. The stock is currently showing a **0.5%** increase, with a **50-day simple moving average** of **$114.56** and a **200-day simple moving average** of **$112.13**. Over the past year, Disney’s stock has fluctuated, reaching a **52-week low of $80.10** and a **52-week high of $124.69**. The company’s market capitalization stands at **$201.87 billion**, with a price-to-earnings (P/E) ratio of **17.60** and a P/E to growth (P/E/G) ratio of **1.46**. Additionally, Disney has a quick ratio of **0.66**, a current ratio of **0.72**, and a debt-to-equity ratio of **0.32**.
Recent reports from financial analysts indicate a positive outlook for Disney. Barclays raised its price target from **$120.00** to **$140.00**, assigning the company an “overweight” rating on **July 9, 2023**. Following suit, JPMorgan Chase & Co. increased its target from **$130.00** to **$138.00** with an “overweight” rating noted in a report dated **July 29, 2023**. Chardan Capital reaffirmed a “buy” rating on **August 11, 2023**, while Weiss Ratings maintained a “hold (C+)” rating on **October 8, 2023**. Needham & Company LLC also reiterated a “buy” rating, setting a target price of **$125.00** in a report from **September 23, 2023**.
Currently, **nineteen** investment analysts have assigned a Buy rating to Disney, while eight have given it a Hold rating. According to data from MarketBeat, the stock holds a consensus rating of “Moderate Buy” with a target price averaging **$132.90**.
Overview of The Walt Disney Company
The Walt Disney Company operates as a leading entertainment provider globally. It functions through three primary segments: Entertainment, Sports, and Experiences. Disney produces and distributes a vast array of film and television content through various channels, including ABC Television Network, Disney, Freeform, FX, and National Geographic. The company also creates original content under well-known brands such as Marvel, Pixar, and Lucasfilm.
For further details on Disney’s financial health and institutional holdings, investors can visit HoldingsChannel.com for the latest 13F filings and insider trades related to The Walt Disney Company (NYSE: DIS).
